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Wealth Generators

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Wealth Generators

Consultants have the ability to earn up to 40 percent in commissions from retail product sales

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Wealth Generators Overview

Founded in 2013 and headquartered in Salt Lake City, Utah, Wealth Generators is a financial services company in the multi-level marketing industry. Wealth Generators provides financial education and market experts to teach consumers with no prior experience in the stock market how to invest and grow their wealth. The company's mission is to "empower individuals across all demographics to take control of their financial future using a cost effective, scalable, easy-to-deploy business model."

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9.2

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The Good

  • Training programs
  • Three ways to join
  • Commissions
  • Financial experts

Training Programs

Wealth Generators provides consumers with financial advice and education, specifically in regards to stock trading. One of the company's training programs, WG Money Education, features ten interactive lessons with workbooks that teach consumers basic skills, such as how to manage money and create a budget. Program participants also receive a monthly newsletter, 24 training videos, and a monthly training call.

Three Ways to Join

Wealth Generators offers consumers three ways to join its business opportunity by purchasing either the Member package, the Generator package, or the Qualified Generator package. The Member package is a monthly subscription that costs $99. The Generator package also costs $99, but requires consumers to pay an additional $25 fee each year in order to participate in the bonus plan. The Qualified Generator package costs $99 per month plus an additional $25 per year and requires a one-time fee of $105 for its education/experts club. All packages include three packs of 100 PV on a weekly or monthly basis.

Commissions

There are nine affiliate ranks within the company's unilevel compensation plan. Distributors have the ability to earn commissions through monthly membership subscription sales, residual commissions, and various other financial incentives and bonuses. Wealth Generators provides new enrollees with their own replicated business website, a virtual back office with online sharing tools, stock strategy training, marketing materials, weekly product training webcasts, and more to help them succeed in their business ventures.

Financial Experts

Wealth Generators has three market experts that provide six different strategies for consumers. The company also has a money management expert that provides education on financial assessment, savings, and debt reduction. The company states that its strategies were successfully utilized by its founders for several years prior to the company's inception.

The Bad

  • Reliance on recruitment
  • Distributors held liable
  • Potential to lose money
  • Newer company

Reliance on Recruitment

The Wealth Generators compensation plan relies heavily on recruitment efforts. In order to achieve a $600 in residual income, individuals will need to sponsor 12 people that each have 100 PV. In order to be considered active and eligible to participate in the bonus plan, a distributor must have 100 PV and have three personally enrolled active Generators. If a distributor fails to generate the 100 PV requirement for four consecutive months, that individual's account will automatically be cancelled for inactivity.

Distributors Held Liable

While Wealth Generators itself is authorized to give stock investment and advice to the general public, independent distributors can be held liable for what they say to consumers. New distributors may want to purchase errors and omissions insurance to protect themselves from any claims of negligence or wrongdoing.

Potential to Lose Money

The stock trading strategies provided by Wealth Generators are not a guarantee for wealth creation. Investors need to be aware that they may lose money in the markets. However, the company does offer a "Triple Your Subscription Fees Back" guarantee. According to the Wealth Generators corporate website, "if you follow our experts and each of their trades in either a virtual or live account for six months and do not turn a profit, we will refund you three times the monthly subscription fee."

Newer Company

With only three years in business, Wealth Generators is still new to the multi-level marketing industry and is less experienced than many of its competitors. Additionally, Wealth Generators needs more time to prove itself as a reliable, financially stable company.

The Bottom Line

Wealth Generators is a financial services company that primarily focuses on providing stock market trading strategies to individuals with no prior experience in this area. The multi-level marketing company provides this education through membership subscription packages sold to consumers via independent distributors. Distributors have the ability to earn commissions through monthly membership subscription sales, residual commissions, and various other financial incentives and bonuses. However, the company's compensation plan places a heavy emphasis on recruitment and distributors may be held liable for what they say to consumers.

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User Reviews

2.7

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4 Reviews

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Debbie Godson
July 12th, 2017 Dublin, OH

I have been a customer with Wealth Generators and have found the company to be 100% first class. I get a live person on the line when I have a question and my independent distributor has become a great friend and ally helping me understand how to utilize the tools Wealth generators offers. The founders didn't stop at good enough they are adding value all the time. I am 100% satisfied with Wealth Generators. The company has revolutionized the industry and I will forever be grateful for the ability to take control of my own investments.

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Zamil
June 12th, 2017

This is a horrific company do not invest money into this nothing but losses, it's all about recruitment and nothing else. The products do not make you money, thier traders are terrible I know so many signed up and left as so poor . I have lost over £1000 most of the networkers don't invest just small numbers for show purposes stay away from this product

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Oswaldo Franco Olivares
November 18th, 2016

Best company ever, In less than 3 weeks I'm making an extra 500

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Mark Higdon
November 16th, 2016 Newton, IA

They spent months building up their automated trading system. Since it launched they have managed to lose over $700 of my $5K investment. Doesn't look to me like it will ever change. I'd stay away from this one.

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