World Finance Corporation
World Finance Corporation is a company in Johns Creek, Georgia that has its market on multi-level in Atlanta suburb involve in the selling of any financial products like insurance and investment with the use of many distributors in some countries like Puerto Rico, United States and Canada. The company was established in 1991 under the ownership of an AEGON a Transamerica. The company provides financial services to its customer by selling financial products like mutual funds, annuities, retirement plan, life insurance, debt relief etc.
The associates of the company are compensated by collecting overrides commission from people that are sponsored by the agents into the World Financial Group after the financial services has being sold to the customers. Six of the personal finance fundamentals are used by the associates in the building of the business plans. These fundamentals used are the insurance protection, management of debt, management of cash, creation of fund for emergency, accumulation of asset and the preservation of estate
Registered Investment Advisors history
The company got its name from World Marketing Alliance after it was bought by an AEGON in 2001, June. WMA World Marketing Alliance has its root from Hubert Humphrey established in 1991 but had its name changed from Alexander, Inc. The initial purpose of this company was to provide funds and tax protection solution for the baby booming companies that are planning for the creation of wealth.
The business format system was introduced by Humphrey while still in A.L., which he continued the methodology development in World Marketing Alliance. The private satellite for the company television network known as MD TV then, was introduced as at that time. After that time, the company was expanded to some countries like Puerto Rico, Canada, Mexico and Taiwan, Philippines and Guam. The first convention of the company was held in Las Vegas in 1992 attended by associates that were about 2000.
Headquarter of the company got opened at Duluth, Georgia in March 23, 1998. After the incidence of the clients of the company losing an unregistered investment of up to $2 million, the company got fined of hundred thousand dollars for the cause of not supervising its agents properly. It got fined for the issue of not lodging the complaints of up to nine hundred clients in the year 2000. The fines was around $125, 000 before the assets of the company was bought in 2001 by the Aegon that changed the company name to World Financial Group.
Over three thousand five hundred offices were opened in United States by the company. The insurance agency of the World Financial Group in Canada got moved in 2012 to Toronto. The company had average of 1,500 agents and 80 offices in Canada as at 2008.
The company has worked over hundred provider companies of products which includes the insurance companies, investment trust companies, companies involved in selling of financial services and mutual funds companies.
The goal of World Financial Group is ‘’serve the financial needs of individuals and families typically overlooked by the financial services industry’’. Many people still don’t understand how the company has managed the company successfully to a height that its predecessor never reached due to the misrepresentation, fraud, false statements and the disciplinary actions of the NASD National Association of Securities Dealers. The company’s chief executive officer said in his word when he was interviewed on Bloomberg TV said ‘’when we took the company over, we put in place very strict regulatory and compliance procedures, of course, when you have such large numbers of people out there in the field, it is quite an effort. We feel comfortable that we now have the issues under control’’.
The company was ordered in 2010, April by the SEC to pay $200,000 for selling unsuitable securities fraudulently in California.
The company world financial group in Canada rebranded and restructured the building in 2013 by Transamerica Corporation which is now known by people to be Transamerica Securities of Canada Inc.
Just of recent in January of this year, 12 agents in life insurance unit that are working under the world financial group brokerage lost their licence in B.C due to conspiracy of cheating by the provincial regulator in qualification test.
QnA about World Finance Corporation
Qn: 1 – Most required thing to apply for loan here?
Ans: United States residence certificate, a minimum age of 18 years to be completed. Candidate must be in acceptable credit or financial condition. And most required thing is the person have stable job or business status.
Qn: 2 – What are the required documents to apply for loan on World Finance Corporation?
Ans: To apply, candidates must be having photo ID with signature. In ID, it can be any as driving licence or passport etc. An address verification document as bills with address like electricity bill of water bill. A valid income certificate is must require thing in this loan.
Qn: 3 – How long World Finance takes to approve loans?
Ans: It takes about few hours to process the loan documents and other paperwork.
Qn: 4 – How to pay loan EMI’s?
Ans: World Finance loan gives flexible EMI payment options as you can do it by visiting their online portal, also phone pay is support to pay your EMI’s and apart from these their branches welcomes you to visit and pay your instalments.
Qn: 5 – Can you get more money in sudden conditions from World Finance corporation?
Ans: Yes, they have flexible system that you can get more money in your short notice or sudden time period but for that they have their own eligibility criteria. If you quality, then you will get your additional loan money immediately.