Is WFG owned by Aegon?
World Financial Group (WFG) is a multi-level marketing company based in Johns Creek, Georgia, a suburb of Atlanta, which sells investment, insurance, and various other financial products through a network of distributors in the United States, Canada, and Puerto Rico. It is wholly owned by Aegon.
Does Aegon still own Transamerica?
Transamerica companies are part of the Aegon group.
Who is the owner of Transamerica?
Aegon N.V.
AEGON International B.V.
Transamerica Corporation/Parent organizations
Is WFG owned by Transamerica?
World Financial Group (WFG), owned by Transamerica, is a multi-level marketing (MLM) company that sells financial products like life and health insurance.
Who is founder of WFG?
Hubert Humphrey
World Financial Group/Founders
WFG co-founders Monte Holm & Hubert Humphrey w/former Citibank CEO Sandy Weill, in 1991. The co-founders rejected Weill’s offer and formed a company that paid out $750 million in commissions in 2017. All covered in my new book, The Truth about World Financial Group.
When did Aegon acquire Transamerica?
1999
Aegon acquired Transamerica in 1999. It was the largest purchase ever made by a Dutch company overseas and the second largest in the US insurance industry.
Is Aegon still in business?
Aegon N.V. is a Dutch multinational life insurance, pensions and asset management company headquartered in The Hague, Netherlands. As of July 21, 2020, the company had 26,000 employees….Aegon N.V.
| Aegon’s world headquarters in The Hague | |
|---|---|
| Headquarters | The Hague , Netherlands |
| Area served | Worldwide |
| Key people | Lard Friese (CEO) |
When did Aegon acquire WFG?
In June 2001, selected assets of World Marketing Alliance, a multi-level US marketing company selling investment and insurance products were purchased by Aegon, and renamed World Financial Group.
Who owns Aegon NV?
Aegon’s largest shareholder is Vereniging Aegon, which holds 14.1% of the voting rights based on the common shares as of December 31, 2019. To Aegon’s knowledge based on the filings made with the Dutch Autoriteit Financiële Markten, Dodge & Cox International Stock Fund, BlackRock, Inc. and Franklin Resources, Inc.
Who started Wfg?
World Financial Group/Founders
Who is Aegon owned by?
Who is the CEO of WFG?
World Financial Group Key Executives. Joe DiPaola serves as the CEO / President of World Financial Group.
Which is part of the AEGON Group WFG or Transamerica?
It says WFG “is a part of the Aegon Group” and that WFG “is a Transamerica Company” Plus you get a Venn-like diagram showing WFG and Transamerica clustered around Aegon. Hmm. “WFG is a part of the Aegon Group” sure like Aegon owns WFG, right?
How much money does Transamerica have in Aegon?
As of the end of December 2020, Transamerica manages a total account balance of USD 403 billion across its Individual Solutions and Workplace Solution businesses. Aegon has a 50% interest in MAG Seguros (Mongeral Aegon), Brazil’s third largest independent (i.e. nonbank affiliated) life insurer.
When did Aegon Insurance come to the US?
Aegon entered the United States in 1983. In 1999, it acquired Transamerica, one of the best-known insurers in the United States. In 2011 and 2014, its various businesses were consolidated under the Transamerica brand name.
Is it true that Aegon backs WFG stock?
These explain why WFGers’ eager claims that “Aegon backs WFG” are meaningless at best, and quite possibly wrong. When WFG runs into financial, regulatory, and legal troubles, one can’t assume Aegon will step in and bail out this deeply troubled little MLM.