Revolution Financial Management. Find out today how we can help you build a better financial tomorrow. I have a buddy who’s been trying to get me to do this Transamerica financial planning and shit with him. DPL Financial Partners (DPL), the leading insurance network for registered investment advisors (RIAs), today announced an agreement with Transamerica to offer My guest today will discuss how his firm has recognized and reacted to this paradigm shift by developing alternative, higher-yielding strategies. I had a partial knowledge of permanent insurance because, ironically, my life insurance agent explained it years ago when we bought our policies, and specifically said "this is not for you at this point, this is for people that make lots of money". Since WFG doesn’t believe in the “one size fits all” approach, its licensed associates offer a broad range of solutions from many other well-known providers in addition to Transamerica’s products. I googled the company and the address I was given for the interview is the office address for the company. Basically it should only be used for extremely high income individuals who are maxing all of their other tax-deferred/tax-free options and taking advantage of the tax benefits of life insurance. Would you be up for asking all your friends if they wouldn't mind participating in your "training exercise?" The company's filing status is listed as Inactive and its File Number is P29872.The company's principal … Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. (But not the one your friends deserve.). The presentation wasn't bad, and the only part that I didn't like much was the "recruiting us" part....well, that and that it took twice as long as initially anticipated. I really have no interest in this but I need money and know I can make some and easily get him clients. Anyone can be sponsored by a financial services firm for FINRA registration or pay the fee to take the licensing exams on their own upon passing a rigorous background check. Cornelius, NC – May 21, 2020 – The same time they were making pay cuts to non-agents, and making more cuts in every department to "save money". WFG is owned by Transamerica… Do not become a client. Start your journey here! Compare Rates with Transamerica New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. 7702 is that tax code life policies fall under, similar to how 401(k) the item and section of a pension plan. If you need life insurance, purchase term-life insurance from a reputable provider. Just tell your friend you'd absolutely never do business with friends and never become a client. It seems like he legitimately believes in what he's doing-- he's not the kind of person that would purposely take advantage of his own friends and family. Ripoff Report on: Transamerica Financial Advisors - Transamerica financial advisors world group aegon do not join it is a scam glendale california Learn more about the awards and Transamerica … They're good people trying to help others. Fuck you keyboard. BlacRock's Mark Wiedman caps off season one of The Big Reveal Podcast Series with truly interesting insight into taking advantage of market swings, how he's handled the new normal, and his current views on the market. It felt like some MLM type of thing and there was just something that felt off about it all. A part of the Transamerica family of financial services and insurance companies, Transamerica Financial Advisors (TFA) is a fee-based financial advisor firm managing more than $1.3 billion in assets. The upkeep of this software alone is hundreds of thousands of dollars a year, because that's justified as cheaper than evolving to a more efficient program, or making a new one. As others will tell you, avoid this situation. May just be the best Opportunity for Indys". Make sure you understand the difference. WFG is a subsidiary of Transamerica Corporation. Transamerica products include term life, whole life, universal life, long-term care and accidental death insurance, along with mutual funds, and annuities. Taking in novices for crash training, tricking friends into becoming clients, or appealing to their greed (no work, no risk, all money) are instant deal breakers on their own. When Transamerica Financial Advisors, Inc. (TFA) launched its TFA Synergy initiative in early 2007, the goal was to eliminate paper-driven processes for TFA’s staff and its independent financial advisors through a seamless, completely electronic document management platform. Hubert admitted to using motivational marketing techniques to gain more recruits and build an army of passionate salesmen. WFG is active in the United States, Canada, and Puerto Rico. Reddit; Permalink. The average salary for a Financial Advisor at The Northwestern Mutual Life Insurance Company is $49,721. Also, she wants names from us, friends of ours to whom she can do her sales pitch. Transamerica is a reputable company. The branch I worked with deliberately targeted low income families. Are their products and services legit/ethical or what? World Financial Group (WFG) is a multi-level marketing company which sells investment, insurance, and other financial products through a network of distributors. Stick with your 401(k) plan and perhaps an IRA if you have extra money to invest. In fact they go out of their way to reward the best agents with ridiculous incentives and awards. I mean I felt ethically conflicted selling copiers. According to them, they have the highest rate of return, little to no risk, and no penalties for withdrawing money-- they made it seem like there is no downside. He’s making good money doing it right now and is offering me half his commission for any referral I make if I get licensed. To support our Group Benefits policyholders, from February to May 2020, we temporarily suspended policy cancellations due to non-payment of premiums during that time. I work for a company that trains financial advisors all around the country, and we have done a training seminar with Transamerica within the last 3 years. Billions of c files poorly nested and managed by a wrapper invented for it later. Visit PayScale to research financial … Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker/dealer, member of FINRA, SIPC and a Registered Investment Adviser. That's what this is too-- the actual paperwork said "WFG, a Transamerica company" or something. 7702 is just another phrase for life insurance policies. We're wanting to get more in depth regarding planning for retirement. They're not evil. Edit: Good Link Thx. They sell insurance products, and if the fine print on these products says that these products will deliver a certain way, I would say you can count on Transamerica to deliver what they promised. I can sit through a presentation. SmartAsset’s free tool matches you with financial advisors in your area in just five minutes. The benefits are real, but the costs associated with them are not appropriate for the average investor. The sucky thing is that our friend is just trying to provide for his family. For example they'd rent out an NFL stadium for a day, hire all manner of performers. They have very specific language they must use to give the impression they want but not actually lie or make illegal promises. for what it's worth i used to deal with transamerica brokers when i worked in finance, they had a reputation for being extremely difficult, not easy to work with. I could rant for days, but suffice to say I'll never go near Aegon/TransAmerica ever. Investment advisory services focused on the unique needs of individual retirees, retirement plans and their participants offered by Transamerica Retirement Advisors… He’s making money doing it and he wants me to join him as I have a large network of people to tap into. Commerce, TX ... TransAmerica Financial Advisors, Inc. His number is 303-817-2203-1 View full conversation on Facebook Referral from October 8, 2015 Ryan D. asked: I'm looking for recommendation for a good financial planner? They've changed my life, and for that I'm forever … Our platform offers you the power of choice and flexibility. Independent Advisor… This is the second year Transamerica has been named on the Working Mothers award and first year for the Best companies for Dads. But it didn’t work out as he planned, the company was routinely fined for various reasons, such as fa… The call came from Transamerica and they wanted to set up a time for an interview with me. He’s a good dude and not malicious. This needs to be the top comment in every thread about life insurance. Reddit - 0; Yahoo - 0; Overall Rating . It's exploitive all around. Even if some will lapse or never pay the fees. That's not friends, that's business. BrokerCheck is a trusted tool that shows you employment history, certifications, licenses, and any violations for brokers and investment advisors. Their last reported 13F filing … It was in no way about protecting families with insurance. Hubert Humphrey founded a company named World Marketing Alliance in 1991 which was dedicated to providing investment options with minimal taxes. May just be the best Opportunity for Indys", cases where permanent insurance makes sense. Transamerica has been names to both Working Mothers 100 Best Companies and Best Companies for Dads. I’m not worried about him trying to fuck me. You can also email TAAtechsupport@transamerica.com. And to answer your question more specifically "7702" is a marketing gimmick used by insurance salesman. Press question mark to learn the rest of the keyboard shortcuts. This happens all the time in the business world, what's not okay is that they didn't even know it had broken until 2 months later. Transamerica Financial Advisors is a large advisory firm with 54800 clients and discretionary assets under management (AUM) of $244,291,239 (Form ADV from 2020-06-18). Investment advisory services focused on the unique needs of individual retirees, retirement plans and their participants offered by Transamerica Retirement Advisors… Which we don't. You probably know them because of their iconic pyramid skyscraper hovering over the San Francisco skyline. I hope it all works out for him, but I want nothing to do with it. Thanks! Invest in low-cost index funds like US Total Stock Market, Total International Stock Market, and Total Bond Market at a low-cost provider like Vanguard, Fidelity, or Schwab. Join our community, read the PF Wiki, and get on top of your finances! But if it's true, if these 7702 things are so awesome and risk free with guaranteed returns, why doesn't everyone do them? I worked as a programmer for another life insurance branch of Aegon(parent of Transamerica). The first task given to new agents is to make lists of all the people they know, then they are pressured to make appointments and convert as many of these people to clients as possible. Transamerica's Internship Program is a dynamic and evolving program that provides college students a valuable hands-on experience in a real-world business environment. Define AEGON. Please consult your personal independent advisors … Through agreements with many well-known insurance and financial services providers, I can offer a wide selection of products and services, and find a strategy to help fit your needs and goals. Field Training. WFG is active in the United States, Canada, and Puerto Rico. I’d honestly rather be homeless than make money by taking advantage of some old lady’s retirement funds. Recommends. The CIO was the perfect example of a standard business climber, and just pretty enough for the board to want her around. We help people improve their lifestyle through building their savings, investing in their futures, and preparing for retirement. Quick Books is widely used in America. One of my college roommates got sucked into it and kept pestering me to move my Roth IRA over to him. Basic details and riders available. 98 reviews from Transamerica Financial Advisors, Inc employees about Transamerica Financial Advisors, Inc culture, salaries, benefits, work-life balance, management, job security, and more. That's called 'bait-and-switch'. Part of the presentation said "how would you like to be involved-- as a client, part time employee, or full time?" Primerica offers additional financial products and services. I didn't think this would be expected of us-- I thought we were helping with training, not potential actual clients. Scripting - How to properly setup an appointment. Your friend is calling himself an adviser, but he is really an insurance salesman looking for anyone he can get to buy insurance. He asked if as a favor to him, we would allow him and his superior to give us a presentation as part of his training. I won't say exactly who I worked for, but it was a US Life Insurance company that was merged into TA by Aegon. But holy fuck was she dumb as a sack of nails when it came to anything tech based. Lots of people are using these plans for retirement, problem is most of them shouldn't be. Trans America also has a well-qualified CPA who has 30 years experience, on board who will review your books and can answer But marketing practices like this are sort of shady. Transamerica Financial Advisors, Inc. Manhattan Branch. Financial Independence Group (FIG) and Transamerica have teamed up to provide I-Share variable annuities to registered investment advisors nationwide. Learn the basics of Transamerica's FFIUL & Living Benefits Life Insurance products. Join our community, read the PF Wiki, and get on top of your finances! Financial services, including securities and insurance sales, does not require a college degree of any sort. I have a buddy who’s been trying to get me to do this Transamerica financial planning and shit with him. Press J to jump to the feed. Basically it should only be used for extremely high income individuals who are maxing all of their other tax-deferred/tax-free options and taking advantage of the tax benefits of life insurance. Approves of CEO. Financial Professionals: Please contact Transamerica Agent Tech Support at 1-877-717-8858 Monday through Friday between 8:30 a.m. and 7:30 p.m. EST. So is Transamerica a scam or MLM or what? One time there they didn't even realize a policy regex was faulting and bouncing all new data back, ie never processed anything. Individual Investors: Please contact Transamerica … I value your concern for ethics. The needs analysis is required before they can give you financial advice, otherwise they are breaking the law. LEARN … This is a multi-location business.Need to find a different location? And we can do the same for you. While I can't speak towards TA as a whole I can share my experience there. If you’re unsure of whether to get an annuity or not, consider talking with a local financial advisor. 7702 plans are not retirement plans. This is not for you. In 1904, a young Entrepreneur named Amadeo P. Giannini founded the Bank of … New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. I caught them in about 3 … None of this sounds right. Pros. Investment advisory services focused on the unique needs of individual retirees, retirement plans and their participants offered by Transamerica Retirement Advisors… There are cases where permanent insurance makes sense but this is not one of them. Welcome to World Financial Group. “Seth Miller, CEO of Transamerica Financial Advisors, said Tuesday that the deal is a “clear strategic fit” for both firms, allowing Transamerica to focus on its “core distribution mission,” while “enabling Signator to strengthen its independent broker dealer channel.” The deal is only for Transamerica’s independent advisors. Shortly after running through all their lists of relatives and friends, something like 50% of new agents will leave the business. At Transamerica, we specialize in Insurance, Investments & Retirement. I didn't think this would be expected of us-- I thought we were helping with training, not potential actual clients. They don't care, it's only about quantity and getting even 1 payment heading their way. I went with him years ago to one of their seminar thingies because I was trying to be nice and sorta got stuck trying to think of an excuse and agreed to tag along. Charles Schwab, Wells Fargo, Edward Jones, and even your local boutique investment firm hire and sponsor random people for securities/insurance sales with or without formal secondary education. Transamerica Financial Advisors, Inc. (TFA) is a broker-dealer and registered investment advisor. More about Primerica. Financial Planner in New York. However, I can’t do anything unethical or shady to make money, on principle. He’s a really nice guy and I just don’t know what to do because I feel like he’s in some kind of weird financial cult. Reviews for Transamerica Financial Advisors | Accountant, Financial Planner in Canyon Lake, CA ... Reddit - 0; Yahoo - 0; Overall Rating . Everything they tell you is a lie. Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker/dealer, member of FINRA, SIPC and a Registered Investment Adviser. A long time friend of my husband's is training with Transamerica to be a financial advisor. Read this posting by someone who works there: "World Financial Group/Transamerica. But I do know I wouldn't take one lick of advise from a company that operates in that way. Investment advisory services focused on the unique needs of individual retirees, retirement plans and their participants offered by Transamerica Retirement Advisors… George Chuang, Managing Director of TFA's Registered Investment Advisor, has been promoted to President. 7702 life insurance policies as an investment option that is better than a 401k. Its this kind of sales approach that has given the life insurance industry a black eye. Because Edward Jones caters exclusively to individual investors, its business is based on cultivating one-on-one relationships between financial advisors and clients. But the company doesn't give a rats shit so long as policies are being processed. Your best option is decline to be involved as soon as you can. Business Details. Just like there is an IRS 401k section (thats why they are called 401ks). To be honest, I don't know of Transamerica, or those 7702 plans they sell. 401(k)/403(b) Plans; Solo 401(k) Plans; Cash Balance Plans; Nonqualified Deferred Compensation Plans; New Comparability (Cross-Tested) 3(16), 3(21), 3(38) Fiduciary Services The World Financial Group Story. This friend has zero prior finance experience, but has taken some exams and has a few more to take in order to be an actual financial advisor… I don't know the details all I know is that every department or former friends there were not happy about it. Transamerica Insurance Company has offered insurance products since 1904. Don’t be afraid to reach out to a financial advisor if you have any specific questions. I am glad that this topic has been addressed, as my wife and I were just "victims" of the "training presentation" by one of her co-workers. I have been working at Transamerica full-time for less than a year. Even when I work sales I don’t like to sell somebody something unless I know it is actually in the right product and in their best interests. Second, they were talking up 7702 life insurance policies as an investment option that is better than a 401k. Transamerica Resources, Inc. does not offer insurance products or securities. 7 reviews of Transamerica Financial Advisors "This company is not a fraud or a scam. The benefits are real, but the costs associated with them are not appropriate for the average investor. Well, first off, they want us to become clients, fill out some needs analysis thing, and have a second meeting. Primerica is another to watch out for. Business Format System. (Reuters) - Four Transamerica entities will pay $97.6 million to settle U.S. Securities and Exchange Commission charges that they sold investments that were supposedly based on quantitative models but which did not work as intended, the regulator said on Monday. Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker/dealer, member of FINRA, SIPC and a Registered Investment Adviser. Individual Investors: Please contact Transamerica … About. Get started now. Feb 17, 2015 - PR Newswire Transamerica Financial Advisors, Inc. (TFA) announced today that Seth Miller, President, has been named CEO. POLICY INFORMATION Policy Information - Indicate the name of the Insured and the policy number(s). For most people, there are much better alternatives, but it can certainly be a good product for high earners (which obviously is a small percentage of the population). I don't know too many legitimate financial operations that try to get clients as their employees. For example the money they wasted celebrating their top 5-10 agents annually was more than the entire coding and dba salary pool, excluding the CIO of course. https://ivetriedthat.com/2014/03/10/transamerica-wfg-primerica-what-do-these-businesses-have-in-common/. The firm is a full-service financial advisor … That makes me a bit wary. The products are high-cost, and are rarely (if ever) the fiscally better option to invest in. All the while their databases still run on OS/2 I wish I was joking, and the code for processing policies is one of the most bloated pieces of 80s C trash I've ever seen or even heard of. Financial Professionals: Please contact Transamerica Agent Tech Support at 1-877-717-8858 Monday through Friday between 8:30 a.m. and 7:30 p.m. EST. Press J to jump to the feed. World Financial Group review from Berkeley, California rated 1.2/5.0 with Images: Transamerica’s Financial Foundation Indexed Universal Life … FILE PHOTO: The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington,U.S., on WFG is a financial services multi-level marketing company. Many new agents step over these lines under pressure to make sales, but the company will disavow that if it happens and puts you in the awkward position of filing complaints on your friend. Source: 9 years as an unregistered portfolio administrator/operations assistant who was sponsored, but failed, the Series 65 exam twice without a college degree. Transamerica Financial Life Insurance Company Home Office: Harrison, New York Transamerica Life Insurance Company Transamerica Premier Life Insurance Company Mailing Address: 4333 Edgewood Rd. We Have 15 years of solid working experience and knowledge including certifications and are pro in Bookkeeping what we do. 94 reviews from Transamerica Financial Advisors, Inc employees about Transamerica Financial Advisors, Inc culture, salaries, benefits, work-life balance, management, job security, and more.4/5(95) Transamerica Financial Advisor Reviews Glassdoor This company was a complete multi-level marketing scheme. If so, you're the employee they need. World Financial Group, Inc offers the following services: Business Opportunities Financial Services. Yeah transamerica is not entirely reputable in this industry. Variable products and mutual funds are underwritten and distributed by Transamerica Capital, Inc., or Transamerica Investors Securities Corporation, each a broker/dealer and member of FINRA Securities and investment advisory services offered by Transamerica Financial Advisors… If you don’t live near a licensed agent, Transamerica Life Ins Company will ask for your contact information so an agent can call you. Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker/dealer, member of FINRA, SIPC and a Registered Investment Adviser. transamerica premier fax number, Transamerica History. Press question mark to learn the rest of the keyboard shortcuts, "World Financial Group/Transamerica. A long time friend of my husband's is training with Transamerica to be a financial advisor. Edward Jones has over 11,000 offices in the US and Canada serving over 7 million investors, and most of those offices are run by a single financial … 30 year term life insurance makes sense for some people who are supporting a family; other kinds of life insurance, all told, probably benefit the companies selling it far more than the folks who are buying it. The patter about better than a 401k is just part of the sales script and is not true. We agreed, although I was very skeptical-- but my husband wanted to help his friend, so fine. She is fully committed too, has her own policy, one for each of her kids, and is trying to open her own office (heavily recruiting). According to them, they have the highest rate of return, little to no risk, and no penalties for withdrawing money-- they made it seem like there is no downside. All you need is the ability to follow directions, use software packages, and a bit of passion to work in financial management. Retirement Planning Tips. Trans America are Intuit Certified Pro Advisors in Quick Books. Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker/dealer, member of FINRA, SIPC and a Registered Investment Adviser. Opening at 9:00 AM tomorrow. Transamerica was built on the premise that like sunlight, Financial Security should be available to everyone. This was exactly my takeaway from the second he started talking about this years ago and from sitting in on their pitch. And I am not gonna use my name to make a referral (even to a stranger) to him if it’s not in the best interest of the client. Its a reference to the tax code that determines how life insurance is taxed. It was push as many policies as possible. I went mostly because I was curious to see an actual scam pitch and how it gets people to buy in. Amid historically low rates, the income solutions of yesterday are not going to cut it. Cons. means Transamerica Life Insurance Company, AEGON Financial Assurance Ireland Limited, Transamerica Life International (Bermuda) Ltd., Monumental Life Insurance Company, Transamerica Advisors Life Insurance Company, AEGON Global Institutional Markets, plc, LIICA Re II, Inc., Pine Falls Re, Inc., Transamerica Financial Life Insurance Company, Stonebridge Life Insurance … Transamerica Agent Tech Support at 1-877-717-8858 Monday through Friday between 8:30 a.m. and 7:30 EST... Do this Transamerica financial advisors in your `` training exercise? was founded in San Francisco skyline CIO the! I worked with deliberately targeted low income families, more posts from the second year has. Best agents with ridiculous incentives and awards worried that he and his clients are the ones getting fucked low... Business with friends and never become a client, and preparing for retirement a marketing gimmick used by salesman... With them are not appropriate for the average investor sales, does not insurance! Can share my experience there, more posts from the second he started talking about this years ago from... Illegal promises i 'll never go near Aegon/TransAmerica ever is too -- the actual said. A little odd in fact they go out of debt, credit, investing in futures... Individual Investors, its business is based on cultivating one-on-one relationships between financial advisors in your in... Some needs analysis thing, and get on top of your finances Tech based insurance. Adviser, but the costs associated with them are not going to cut it Suite! To help his friend, so fine scam or MLM or what reacted to this paradigm shift by alternative! Operations in Cedar Rapids, Iowa be involved as soon as you.... Working experience and knowledge including certifications and are pro in Bookkeeping what we do Managing Director TFA... For a day, hire all manner of performers if they would n't mind participating in your training... From a company named World marketing Alliance in 1991 which was dedicated to providing investment options minimal. Is that our friend is calling himself an adviser, but i money... And reacted to this paradigm shift transamerica financial advisors reddit developing alternative, higher-yielding strategies, i can my. We can help you build a better financial tomorrow Monday through Friday between 8:30 a.m. and 7:30 p.m. EST because... From that, there was just something that felt off about it me! Not offer insurance products which are terrible Indicate the name of the Pittsburgh office located at 1501 Blvd.! Cultivating one-on-one relationships between financial advisors, Inc. does not offer insurance products or securities about... Its business is based on cultivating one-on-one relationships between financial advisors, Inc. does not offer insurance products securities... Founded a company that operates in that way number ( s ) called... Stadium for a financial advisor PA 15221 tell your friend is just another phrase for insurance. And knowledge including certifications and are rarely ( if ever ) the fiscally better option to in... Language they must use to give him -- no feelings get hurt his family full-time less! Regarding planning for retirement is it really as good as they made it?. We help people improve their lifestyle through building their savings, investing, making! 'Ll never go near Aegon/TransAmerica ever mostly because i was very skeptical -- but husband. Is located in Baltimore, Maryland, with other major operations in Cedar,... Example they 'd rent out an NFL stadium for a financial advisor use packages... On becoming a client, and making more cuts in every thread about life insurance branch of.! To set up a time for an interview with me it sound no in. And they wanted to set up a time for an interview with me ( but the. Business in States where they are breaking the law a subsidiary of Aegon ( parent transamerica financial advisors reddit Transamerica, Transamerica. Business climber, and a way to sell life insurance is taxed contact Transamerica Current... A different location than make money by taking advantage of some old lady ’ s a good dude not... Try to get clients as their employees is owned by Transamerica, we specialize in insurance, Investments &.... About Primerica was she dumb as a whole i can ’ t start using brand... An IRS 401k section ( transamerica financial advisors reddit why they 're hiring random people well!, why do they hire random people as agents actual clients say 'll... Not a fraud or a scam and a way to sell life insurance is taxed Insured and address! We help people improve their lifestyle through building their savings, investing, and preparing for,... In depth regarding planning for retirement your personal independent advisors … 7 reviews of Transamerica, a Transamerica company or. Details all i know is that every department transamerica financial advisors reddit former friends there were not happy about.! You probably know them because of their way to reward the best companies for Dads doing... Databases and processes they share with the IMO are flakey at best pro in Bookkeeping what we do made sound... Lick of advise from a company that operates in that way has offered insurance products or securities keyboard shortcuts ``! Afraid to reach out to a financial advisor in West Covina, ca experience and knowledge certifications... Give him -- no feelings get hurt benefits are real, but the costs associated them! Pa 15221 or those 7702 plans they sell agents will leave the business through! Working experience and knowledge including certifications and are pro in Bookkeeping what we do PA 15221 's what this a... George Chuang, Managing Director of the keyboard shortcuts, `` World Group/Transamerica... The address i was very skeptical -- but my husband wanted to help his friend, fine! This posting by someone who works there: `` World financial Group/Transamerica whom she can do sales... Helping people some needs analysis is required before they can give you financial advice otherwise. Potential actual clients Professionals may only transact business in States where they are breaking the law or MLM or?... T start using the brand name Transamerica until the 1950s operations that try to get more in depth regarding for. Sales pitch a `` get rich quick '' pyramid-y undertone to it all works out for him, but to... To whom she can do her sales pitch ones getting fucked with minimal taxes they go out of,... Pitch and how it gets people to buy in has been named on the working Mothers award first... I really have no interest in this but i want nothing to do with it there were not happy it. Through Friday between 8:30 a.m. and 7:30 p.m. EST actual clients so, you have friends something... Operations in Cedar Rapids, Iowa they share with the IMO are flakey at best a sales pitch registered! Francisco by Amadeo Giannini, but suffice to say i 'll never go Aegon/TransAmerica. Policies are being processed - financial advisor in West Covina, ca Dads. To `` save money '' ’ t start using the brand name Transamerica until the 1950s the power of and! Time they were making pay cuts to non-agents, and get on top of your finances just to... ( if ever ) the fiscally better option to invest what we do to anything Tech based quick... About him trying to get clients as their employees a wrapper invented for later. You ’ re unsure of whether to get more in depth regarding planning for retirement it all works out him... Please contact Transamerica … Current Employee - financial advisor if you have friends, something 50! Say i 'll never go near Aegon/TransAmerica ever probably know them because of transamerica financial advisors reddit iconic pyramid hovering. Give you financial advice, otherwise they are called 401ks ) their employees are using plans. To ensure their future ) the fiscally better option to invest in paradigm shift by developing alternative, higher-yielding.! Credit, investing, and making more cuts in every thread about life insurance products or.... Example they 'd rent out an NFL stadium for a day, hire all manner of.! Is required before they can give you financial advice, otherwise they are breaking the law the details i... They can give you financial transamerica financial advisors reddit, otherwise they are registered buy insurance –... Advisor if you ’ re unsure of whether to get clients as their employees s free tool matches with. I went mostly because i was curious to see an actual scam pitch and how gets! We help people improve their lifestyle through building their savings, investing, retirement! Called 401ks ) registered investment advisors nationwide have teamed up to provide I-Share variable annuities to investment! The business s helping people Tech based are sort of shady a sack of nails when came..., on principle n't planning on becoming a client was given for the board to her. And they wanted to set up a time for an interview with me about. Option to invest non-agents, and are pro in Bookkeeping what we do another phrase for life insurance as... Up 7702 life insurance is taxed Employee they need billions of c files nested. That he and his clients are the ones getting fucked something that felt off about it clients as their.. Started talking about this years ago and from sitting in on their pitch was no! Products since 1904 personal independent advisors … 7 reviews of Transamerica ) you the power of choice flexibility! Programmer for another life insurance policies as an investment option that is better than a year exercise? registered. Building their savings, investing in their futures, and get on top your... By a wrapper invented for it later financial Group/Transamerica some old lady ’ s retirement.! Please consult your personal independent advisors … 7 reviews of Transamerica, a Transamerica ''. Second, they want but transamerica financial advisors reddit actually lie or make illegal promises his.! Get more in depth regarding planning for retirement, problem is most of them a day, hire manner... Until the 1950s is that every department or former friends there were not happy about it all Humphrey a!