WFG Platform Fee

United States & Puerto Rico

A Transamerica Company
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 Everything Your Business Needs
in One Platform
There are services and tools that are essential for WFG’s scale as well as our knowledge and experience
an entrepreneur’s business to succeed. However, with technology creates a massive advantage for new
it can be difficult to to assemble, integrate, update business owners. The power of the WFG platform
and maintain the software, sales systems, marketing gives entrepreneurs a cost-effective path to launch
programs, training tools, technology and client a competitive financial services business on day
services they need. For many entrepreneurs, the one. Our platform also provides the support, training
complexity of orchestrating such a platform can push and access to well-known product providers you
business ownership out of their reach. need as you grow your business to your vision of
success. In the past, you paid an Access Pass for
these resources, but now it has been separated into
two distinct costs: a Platform Fee and Errors and
Omissions (E&O) insurance premiums.

From Access Pass to Platform Fee

and E&O
Based on input from WFG agents, WFG has split Additionally, by separating them it’s more
the WFG Access Pass into a Platform Fee and E&O accommodating to each agent’s situation, whether
insurance premiums. This change was made to they’re new to the business, work part-time or
provide clarity on the various fees and charges WFG full-time, etc.
is asking you to pay.

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 The Platform Fee All licensed WFG
A monthly payment that connects your business to agents must pay
top-tier technology and resources.
the Platform Fee
The Platform Fee starts at $25 per month, based
on the agent’s level and licenses. All licensed WFG
Those who qualify receive $70, which is reflected in
their commission statement. For more details, please
each month.
agents must pay the Platform Fee each month as see the Production Bonus Program section in this
failing to do so can result in termination from WFG. brochure.

To help reduce costs, WFG offers a Production

Bonus Program that effectively covers the cost of the
Platform Fee for Training Agent through Marketing
Director levels and partially offsets the cost for
Senior Marketing Directors and higher level agents.

Here’s a look at the Platform Fee structure:

Level Life License Registered Representative/Investment Advisor Representative

Training Agent $25 $110

Senior Agent &

$25 $120
Marketing Director

Senior Marketing Director $70 $120

EMD & Above $160 $180

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 E&O Insurance WFG’s E&O policy
Protect your business from costly mistakes. provides coverage
Errors & Omissions (E&O) insurance* coverage E&O insurance is required by insurance carriers for
for products that
provides protection that helps protect you should a
client accuse you of making a mistake in your service
you to do business in the United States and Puerto
Rico. Failure to maintain E&O insurance will result in are approved by and
sold through WFG
to them. WFG’s E&O insurance policy provides termination from WFG.
coverage for products that are approved by and sold
through WFG and its affiliated companies. It does By separating the cost of E&O insurance from
not cover any outside business activities. the Platform Fee, agents won’t be charged for the
coverage until they are appointed by a product
and it’s affiliated
provider. E&O insurance begins at $45 a month
based on an agent’s license type. companies.

License Type Monthly Premium

Life License $45

Registered Representative $65

Investment Advisor Representative $85

* WFG agents who operate in the state of New York are required to purchase their own E&O insurance.

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The Complete Business Platform
for Financial Services Professionals

Build Your
Team

Serve Your Increase Your

Platform
Clients Sales

Protect Your
Business

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 Build Your Team
Building a team of entrepreneurs requires tools to help you stay organized, identify where new associates
are in the process of becoming licensed, prompt them to take the next step, and communicate with
everyone on your team.

Associate Onboarding Monitor New Associate Progress

The WFG Launch platform allows new associates on Oversee the progress of your newest team members
your team to access tools designed to help them get as they complete the WFG Launch checklist to get
licensed, trained and start recruiting. started fast.

Automated Communication Team Email

From day one, new associates, and their upline Send updates, invitations and announcements to
leader, receive timely, automated messages your team with trackable messages that can help
that help simplify their success with actionable drive responses.
information.
Training Center
Track Recruiting Opportunities
Accessible through Salesforce Wealth Management,
Use Salesforce Wealth Management to help you this is a one-stop shop for all training on a wide
fill your recruiting pipline, and move and track variety of topics.
prospects through the steps to join your team.

Team Member Reporting

Generate custom reports to track your team
member’s progress, production and path to reach
their goals.

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 Increase Your Sales
Competing in today’s market demands that you have the financial products and services, marketing
systems, and sales tools to build your brand, attract prospects, meet client needs and track sales.

Providers You Know Engage With Email Campaigns

Help meet the needs of your clients with a wide- Access hundreds of pre-approved, written and
range of financial products and services from some designed messages to keep you connected with
of the most well-known and respected companies in those whom you do business.
the industry.
Sales Pipeline
Build Your Web Presence
Manage your sales pipline and track closed
Create awareness of your business and the services business with professional Customer Relationship
you offer using your own website, provided by WFG, Management (CRM) software, Salesforce Wealth
and build followers using company-created social Management.
media content.
Access Content Libraries
Track Sales Opportunities
Obtain provider materials and company-created
From prospect to client, manage new opportunities marketing materials to share with your team and
through Salesforce Wealth Management’s tools that your clients.
can help you stay organized and take action.

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 Serve Your Clients
The greatest way to build your success is to provide excellent service. By leveraging available technology, you have a virtual assistant to help you serve your clients
faster and meet their needs more efficiently.

Application Management Sales Support Client Householding

Complete applications, receive notifications and Access knowledge articles and use web-to-case Access your clients’ documents, policies and
track underwriting status using AgentOne inside messages with our Sales Desk, who can also be accounts in one place, making regular client reviews
Salesforce Wealth Management. reached via email, WFGSalesDesk@transamerica. less complicated.
com, or by phone, 770.934.7355, to get answers for
you and your clients.

Protect Your Business

In a highly regulated industry, the Platform Fee and E&O insurance equips you with the tools to build your business and the protection that can help safeguard your
business from legal threats and costly mistakes that could become setbacks to your success.

RightBRIDGE Recruiting, Sales and Training E&O Insurance

Help determine the suitability of products based on Material Proper E&O protection for licensed financial
your clients’ specific needs. Pre-approved brochures, presentations and other professionals is available to our agents.*
material are available to agents so they can focus
on growth.

* WFG agents who operate in the state of New York are required to purchase their own E&O insurance.

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Tools that Support Your Business
For WFG agents, the one platform they need to run their business is in their hands from day one. The WFG Business Platform is comprised of proprietary services
and third-party technologies thoughtfully integrated to help you grow, manage and protect your business. Starting a business in the financial industry is now possible
for almost anyone.

Proprietary Systems & Services

WFG Launch Advancement Management WFG Pulse & Text Messaging
New Associate Onboarding Promotion Progress Tracking Mobile Business Reports,
News and Alerts
Appointment Management Innovation Zone (I-Zone)
Provider Appointment Process Collaborative Training Site E&O Insurance
Insurance Protection for Agents
Agent Reports
Team and Production Tracking

Third-Party Tools & Technologies

Salesforce Wealth Management Litmos LMS Synergy (TFA Representatives)
Customer Relationship Management (CRM) Agent Virtual Training Center Electronic Document Management

AgentOne LegacyShield InForms (TFA Representatives)

Client Application Tracking Personal Estate Plan and Analysis OBA, ARQ, ADV Part 2B and Questionnaires

iGo RightBRIDGE Morningstar Annuity Intelligence (TFA

Electronic Client Applications Product Suitability Analysis Representatives)
Annuity Information Database
Outstand Firelight (TFA Representatives)
Pre-approved Agent Marketing Tools and Websites Electronic Applications for VA and Mutual Funds Smarsh (TFA Representatives)
Encrypted Email and Data Archival

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 Platform Fee Details
Now that you know what is included for the cost of the Platform Fee, let’s take a closer look
at how it works and the incentives we have in place to help offset the overall cost.

60 Day Grace Period Production Bonus

Although every new agent must pay the WFG As you advance from Training Agent to Senior Marketing Director, you can significantly reduce how much
Platform Fee, monthly payments don’t start until you pay each month by earning a bonus of up $70 by meeting a minimum personal production level. To earn
the agent’s third month.* These first two months the bonus, you must:
at no cost give you the chance to begin to qualify
• Sign up for recurring payments for both the WFG Platform Fee and E&O insurance premiums
for the Production Bonus Program that offsets your
Platform Fee. • Have a rolling three (3) month net point ratio (NPR) of 60% or higher
* This grace period does not apply to reinstating agents who were previously life • Earn 2,000 or more personal net points in a month; earn 4,000 or more personal net points over two
licensed with WFG. months; or earn 6,000 or more personal net points over three months

Agents who meet the above criteria will receive a $70 production bonus in their commissions. Points
toward the bonus can be used for up to three months as long as the average of 2,000 points per month is
Agents who meet the maintained.

criteria will receive a $70 For example, if you earn 6,000 points in January, you can earn the $70 production bonus for the next three
months: February, March, and April.
production bonus in their You must re-qualify for the production bonus each month and remain in good standing with WFG to receive it.
commissions. The bonus is based on the previous month’s production and is credited as part of the agent’s commission’s cycle.

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Recurring Payments Termination & Roll Up

We encourage all WFG agents to sign up for Any agent with an outstanding Platform Fee and/or
recurring payments for the WFG Platform Fee and E&O insurance premium balance greater than two
E&O insurance via Payment Central on MyWFG to months’ worth of the amount charged will receive
ensure continued access to the business platform. an email that serves as a 30 day notice to pay their
Those agents who choose to not sign up for full balance before being terminated from WFG. The
recurring payments will be charged a monthly $10 agent’s upline SMD and CEO MD are also notified.
administrative fee in addition to the total monthly Once an agent is terminated, their E&O balance rolls
payment owed and are not eligible for the Production up to their upline. The total roll up amount is never
Bonus program. more than three times the monthly charge for the
Important note: If you have previously signed up terminated agent.
for recurring payments of the Access Pass, you are The Platform Fee balance does not roll up if the
automatically enrolled for Platform Fee and E&O terminated agent is a life licensed agent at the
insurance recurring payments. Marketing Director level or below. However,
Following your authorization, monthly payments are E&O rolls up for agents at all levels. The $10
made on or about the 1st of each month. If this day administrative fee never rolls up.
lands on a weekend or a holiday, then payments may
be processed on the next business day.

You may cancel your authorization for recurring

An Impressive Platform
payments by clicking on the “Unsubscribe Now” With the remarkable spectrum of services and
button on the main Payment Central screen. technologies built into the WFG Business Platform,
Additionally, in the event a monthly transaction it may seem that only a few could afford to access
is rejected or declined, the Balance Due will it. However, the entire WFG platform is available to
remain outstanding and the authorization may be every WFG agent at a very affordable cost.
terminated.
Evolving the Access Pass into the separated Platform
Fee and E&O insurance coverage is part of our
ongoing commitment to protect and equip WFG
agents with the best technology, service and platform
in the industry.

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 WorldFinancialGroup.com

World Financial Group Insurance Agency, Inc., World Financial Group Insurance Agency of Hawaii, Inc., World Financial Group Insurance Agency of Massachusetts, Inc.,
World Financial Insurance Agency, Inc. and/or WFG Insurance Agency of Puerto Rico, Inc. – collectively WFG – offer insurance products.
Transamerica Financial Advisors, Inc. (TFA), Member FINRA, SIPC and Registered Investment Advisor, offers securities and Investment Advisory Services.
WFG and TFA are affiliated companies.
WFG Headquarters: 11315 Johns Creek Parkway, Johns Creek, GA 30097-1517. Phone: 770.453.9300
TFA Headquarters: 570 Carillon Parkway, St. Petersburg, FL 33716. Phone: 770.248.3271
©2019 World Financial Group, Inc.
134690 WFGUS 11/19
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