3 thoughts on “Freedom Equity Group Review – Legit Company or Scam?”

  1. Complete and utter SCAM. MLM. Watch out all agents! I was there for nine months. In the inner circle. They want you to contract with all their carriers, then sell to your warm market, even one app will then hold you hostage to them with ALL THE CARRIERS for six months. NO RELEASES for all carriers. Beware David Weiner, over 1000 agents have lost thousands with no income or sales. It’s all about recruitment to get you to sell to your warm market. The call center doesn’t work. Even the lady who runs the call center Coletta Hodges, said “I can’t recruit into this team only to lead people to financial devastation” and “I have never been associated with a company where nobody made money” in a mentor meeting. 70% contracts, complete and utter predators on brand new and experienced agents alike. It is one of the most dishonest, predatory IMO’s I have ever been associated with.

  2. They charged me $125 and my “mentor” was to have me up and running within 3 days. All I got were excuses like “my phone is dead” as to why he could not call me to get me going. After that I realized this is nothing more than an MLM that all they want is for you to recruit. Their contract percentages are RIDICULOUS and the $300/month fee for “leads” is LIDACROUS. Lastly, I asked for a refund of my $125 cause I was flat out lied to. Was told id get a 50% contract and my “mentor” put me at a 30% contract, total liars and scammers. They wont refund me even after I have an email stating they will so now I go to the BBB and ripoffreport.com and their state attorney general.
    BTW, I got a 95% contract with my current company. STAY AWAY FROM DAVE WEINER AND FEG

  3. June 4, 2019

    I was an FEG success story, and still got screwed. I earned my $100,000 ring eight months after joining FEG. Within a year I had produced a $100,000 ring earner on my team. We both did that primarily through personal production. I am not a fan of the churn and burn model of team building. The guy on my team who earned his $100,000 ring was new to the industry. I did a lot of training, hand holding, and many kitchen table meetings with his prospects to make that happen.

    The company guidelines to earn the promotion to the Regional Vice President (RVP) commission level include very specific production goals that are supposed to be met, and your up-line RVP must sign off on the promotion. There was one person between me and the future $100,000 ring earner, his son-in-law. His son-in-law as of this date has never owned the product; has never sold the product; knows nothing about the industry. Yet for political purposes, the founders promoted him to the RVP. He did not meet on single qualification for that promotion.

    In doing that, the FEG founders pushed my commission level down from an 8 percent override on the person I had trained to 3 percent. When I documented the hypocrisy of this, and what a mockery it made of the business model, and the diminution of the meaning of the RVP level for those who had actually earned it, the founders chose to, and I quote, “terminate me without cause”.

    So buyer beware, the business you build at FEG is not your own. The rules do not apply to the founders. It is a good old boys social club, and they will do whatever they feel like doing. I am hopeful that Blackstone does a deep dive on their due diligence process before courting FEG.

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