Beware retirement advisors! - I Enrolled in BHC-Dressander webinar concerning becoming a Federal Employee Advisor to assist Federal Employees in making better choices for retirement.
In webinar hosted by BHC-Dressander, an insurance field marketing organization, EBA (Employee Benefit Advisors Inc. Www.ebainc.com) President Ron Weeks stated emphatically that there was NO competition with his EBA program. Weeks also told me twice via phone there was NO competition from other companies and EBA territories were secure if meeting production guidelines.
I discovered these claims by Weeks were out right lies while in class in Atlanta. He 'slipped' and stated there were 7 other companies in the exact same business. After class I told him I was no longer interested and asked for a refund of the $1742. I had paid for the seminar. He said that was fine and that he would have his office send me a check.
About 10 days later I received a check for $742. Not $1742. He would not return my calls, emailed me a nasty email and said he would not refund the other $1000. And has not done so after several requests.
I did not complete the class, did not take his little test and did not retain any materials nor did I receive his company issued 'designation', a 4 letter designation which is unofficial and which means nothing.
Later after 'due diligence', I discovered many companies offering the same seminar, most for much less money. A partial list is below... Check it out. Weeks recruited me, a 65 year old 12 year insurance veteran under false pretense and says he will make no further refund.
A rip-off for sure - He grossed over $50,000. From seminar fees and continues to recruit unsuspecting Retirement Professionals... So beware. Eba gross profit doing 10 seminars will exceed $538,000. DO YOU THINK THIS IS A MOTIVATION FOR THEM?
The Federal Retirement course is chocked full of COMPETITION AND you'll end up spending over $5000.By the time you are ready to see any prospect. Also, do you really want to WAIT for the Fed. Gov. To transfer funds even if you do sell an Annuity of Life product? It's hard enough with private companies.
Last thing... BHC-Dressander also refuses to get involved with this... Saying it's EBA's program - this is a cop out even though it's SPONSORED by BHC-Dressander... Go figure. I trusted the program initially because it was/is offered by BHC-Dressander and I had been with them for a few years. I wish I had done my usual 'Due-Dlligence' on this one... EBA keeping my $1000. Is a RIP-OFF.
Below are links to many federal employee retirement programs:
Http://www.myfederalretirement.com/public/department74. Cfm
http://www.firstcommand.com/financial-solutions-federal-employees/federal-retirement-programs.htm
http://www.profeds.com/public/department61. Cfm
http://www.retirerichhawaii.com/Federal-Civil-Service-Retirement-System. 5.htm
http://www.fedseminars.com/
http://www.wiseradvisor.com/designations-detail~id~86~des~certified-federal-employee-benefits-specialist-cfebs.Asp
https://www.militarybenefit.org/ApplyNow/index. Cfm? Src=federal&gclid=CNH59Jn88LACFYxU7AodyzV-8g
http://fedretire.net/
http://www.snowseminars.com/Personnelist_Flyer. Pdf
http://www.doi. Gov/febtc/files/Full_FERS_Pre-Retirement_Handout. Pdf
http://www.myfederalretirement.com/public/733. Cfm
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