Has anyone researched Premier Financial Alliance and recruitment concerns

[Jason Mills]

I’ve been digging into info about Premier Financial Alliance, Inc and noticed there are some serious class-action claims and watchdog commentary that raise questions about how the business model works. According to a report from a consumer advocacy group, a federal class-action lawsuit was filed alleging the company operated what plaintiffs described as an illegal pyramid scheme with commissions tied to recruiting more associates rather than actual sales. Plaintiffs alleged that more than 95 percent of Associates had net losses and that the company made big income promises that most people didn’t see.
There are also employee reviews and MLM analysis discussions where people bristle at the structure, saying it feels more like recruitment than product selling.
I’m not saying anything illegal was proven beyond the settlement context, but I’m curious if anyone here has firsthand experience with Premier Financial Alliance as an associate or customer, and what your take is on how the compensation and recruitment work

 

[Erwin Smiths]

I’ve been digging into info about Premier Financial Alliance, Inc and noticed there are some serious class-action claims and watchdog commentary that raise questions about how the business model works. According to a report from a consumer advocacy group, a federal class-action lawsuit was filed alleging the company operated what plaintiffs described as an illegal pyramid scheme with commissions tied to recruiting more associates rather than actual sales. Plaintiffs alleged that more than 95 percent of Associates had net losses and that the company made big income promises that most people didn’t see.
There are also employee reviews and MLM analysis discussions where people bristle at the structure, saying it feels more like recruitment than product selling.
I’m not saying anything illegal was proven beyond the settlement context, but I’m curious if anyone here has firsthand experience with Premier Financial Alliance as an associate or customer, and what your take is on how the compensation and recruitment work

I read about that class action too. From what I saw the lawsuit led to a big settlement and some changes to how PFA could market income claims. That stood out to me more than just random complaints.

 

[Jason Mills]

I read about that class action too. From what I saw the lawsuit led to a big settlement and some changes to how PFA could market income claims. That stood out to me more than just random complaints.

Yeah that part caught my attention too. The suit seems to have pushed them to stop using some of those promises in recruiting materials, at least according to some employee posts I saw online.

 

[Edward]

I’ve been digging into info about Premier Financial Alliance, Inc and noticed there are some serious class-action claims and watchdog commentary that raise questions about how the business model works. According to a report from a consumer advocacy group, a federal class-action lawsuit was filed alleging the company operated what plaintiffs described as an illegal pyramid scheme with commissions tied to recruiting more associates rather than actual sales. Plaintiffs alleged that more than 95 percent of Associates had net losses and that the company made big income promises that most people didn’t see.
There are also employee reviews and MLM analysis discussions where people bristle at the structure, saying it feels more like recruitment than product selling.
I’m not saying anything illegal was proven beyond the settlement context, but I’m curious if anyone here has firsthand experience with Premier Financial Alliance as an associate or customer, and what your take is on how the compensation and recruitment work

I knew someone who did PFA for a couple years. They said you do have to recruit new agents just to get leads and build up your network, then sell life insurance products after. Not sure how it compares to a straight insurance agency, but the recruiting side was big.

 

[Clara]

I’ve been digging into info about Premier Financial Alliance, Inc and noticed there are some serious class-action claims and watchdog commentary that raise questions about how the business model works. According to a report from a consumer advocacy group, a federal class-action lawsuit was filed alleging the company operated what plaintiffs described as an illegal pyramid scheme with commissions tied to recruiting more associates rather than actual sales. Plaintiffs alleged that more than 95 percent of Associates had net losses and that the company made big income promises that most people didn’t see.
There are also employee reviews and MLM analysis discussions where people bristle at the structure, saying it feels more like recruitment than product selling.
I’m not saying anything illegal was proven beyond the settlement context, but I’m curious if anyone here has firsthand experience with Premier Financial Alliance as an associate or customer, and what your take is on how the compensation and recruitment work

A lot of big MLMs have been criticized for similar stuff, not just this one. The difference here is the class-action focused on alleged pyramid structure and income claims, not just unhappy reps.