World Financial Group
From Wikipedia, the free encyclopedia
| World Financial Group | |
|---|---|
| Type | Subsidiary |
| Founded | 2001 (under AEGON ownership) |
| Headquarters | 11315 Johns Creek Parkway Duluth, Georgia 30097-1517 |
| Industry | Financial services |
| Products | Life insurance, Variable Universal Life Insurance, Mutual funds, Annuities |
| Parent | AEGON |
| Slogan | "No family left behind." |
| Website | www.worldfinancialgroup.com |
World Financial Group (WFG) is a financial services organization based in Duluth, Georgia that markets investment, insurance and mortgage products through a network of associates in the United States and Canada. WFG is a wholly owned subsidiary of The AEGON Group.[1]
WFG's insurance and mortgage lines of business are managed directly by WFG in the United States, while its investment lines of business are managed by its affiliate broker-dealer World Group Securities, Inc.
In Canada, WFG's insurance lines of business are managed by its provincially regulated subsidiary managing general agent World Financial Group Insurance Agency of Canada Inc.; while its investment lines of business are managed by its subsidiary WFG Securities of Canada, Inc., which is a member of the Investment Funds Institute of Canada and the Mutual Fund Dealers Association of Canada.[2] WFG's Canadian head office is located in Vaughan, Ontario.
In NASCAR, World Financial Group is a major sponsor of Roush Fenway Racing, sponsoring Carl Edwards's ride part-time on the #60 Ford in the Busch Series. Previously, WFG had sponsored Roush Racing on Edwards' #99 Ford in the NEXTEL Cup Series and the #50 Ford in the Craftsman Truck Series.[3]
World Financial Group created and partnered up with Investment Advisors International (IAI), a co-owned investment advisory firm to give clients fee-based actively managed accounts by third-party money managers. IAI has agreements with some of the nation's top investment advisory firms such as Hanlon Investments, Foxhall Capital Management, Curian Capital, CLS Investment Firm, LLC, and The Institute for Wealth Management.
Contents |
[edit] History
World Financial Group was formed in 2001 from the select purchase of assets by AEGON from the now defunct World Marketing Alliance (WMA). The former company was founded in 1991 by Hubert Humphrey, who subsequently founded World Leadership Group. A Money Magazine report generally critical towards Humphrey and the former WMA was published in 2000.[4]
[edit] Ratings
An August 2006 survey taken by Investment Executive, a newspaper for financial advisors, ranked World Financial Group as the top-rated MGA and the top firm overall.[5]
[edit] Industry partners
- Investment Advisors International
- Transamerica Corporation
- Western Reserve Life
- Pacific Life
- Allianz
- American Skandia
- Foxhall Capital Management
[edit] References
- ^ 2005 Annual Report. AEGON Review of Operations: Americas. Retrieved on February 02, 2007.
- ^ Mutual Funds Dealers Association of Canada
- ^ World Financial Group (WFG) - WFG Racing
- ^ Feldman, Amy. "Hubert the Great", Money Magazine, May 2000 (Vol 29 Issue 5). URL accessed on January 24 2006]
- ^ August 2006 Investment Executive.
