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Review of WEALTH MASTERS INTERNATIONAL WMI

Multi-level marketing, financial and self-improvement products and courses,
home business opportunity, Kip Herriage, Karl Bessey
WMI Wealth Masters International Review extract from:
June 2009 BUSINESS OPPORTUNITY WATCH
Issue No. 28


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Extract from the Wealth Masters International WMI review:

Here's another company that's using multi-level marketing to sell wealth creation, financial and personal development material with an high price ticket.

In the case of Wealth Masters International WMI, you earn money by selling four progressively-expensive products and conferences to your recruits, as follows:

  1. The Wealth Masters International Gateway Program which consists of a bunch of CDs and manuals and which costs USD 795 and for which you receive a commission of USD 300 with an infinity bonus of USD 100 to the person who recruited you.

  2. The Wealth Masters International m1 Master Program which also consists of a bunch of CDs and manuals and which costs USD 1,995 and for which you receive a commission of USD 1,000 and the person who recruited you receives an infinity bonus of USD 400.

  3. The Wealth Masters International m2 Wealth Conference which costs USD 8,995 and for which you receive a commission of USD 3,000 and the person who recruited you also receives a commission of USD 3,000.

  4. The Wealth Masters International m3 Private Wealth Group which is an "annual membership and conference like nothing else in existence!" which costs USD 12,995 and for which you receive a commission of USD 5,000 and the person who recruited you receives a commission of USD 4,000.

I had a number of questions about WMI Wealth Masters International, which I sent to the main man, Kip Herriage, as follows:

  1. Since Wealth Masters International has the word International in its title, presumably membership is available to people who live outside the US? I couldn’t find any indication on your website to say that membership is restricted to US residents.

    In fact, I’ve just been to the Wealth Masters International sign-up page and it seems that you accept members all over the globe from Afghanistan to Zimbabwe. And I’ve just signed up on your site as a UK member without difficulty.

    There are two problems with this. The first problem is as follows: does WMI Wealth Masters International have experts all over the globe from Afghanistan to Zimbabwe who give tax planning, financial planning and estate planning advice specific to these countries? If not, then doesn’t this mean that a lot of the WMI Wealth Masters International material is a waste of money for any customer from outside the US? With your background in the financial industry, I assume that the Wealth Masters International advisory material makes it totally clear (even if your sales material doesn’t) that much of the advice should not be followed by anyone from outside the US, so that there is no danger of an unsophisticated customer from Zimbabwe, for example, following advice specific to US residents.

    The second problem is that so far as the UK is concerned, Wealth Masters International is an illegal scheme because it has a multi-level commission structure which means that it should comply with the Trading Schemes Regulations but it doesn’t.

    These regulations were introduced because some consumers were getting carried away with dreams of how much money they could earn if they joined a scheme and they later regretted the money they had spent on joining it. So the regulations impose, amongst other requirements, a maximum amount of £200 which can be spent in the first 7 days of joining a scheme, the requirement for the scheme to carry a statutory warning which warns people against being misled by claims that high earnings can be easily achieved and a 90-day right to a refund for any goods they return.

  2. Oddly, nowhere on the Wealth Masters International website do you actually state the name of your company - not even in the contracts shown on the site. For this reason, your web site is not legal in Europe because it is in breach of the European Ecommerce Regulations.

    The first line of the Executive Summary of your Business Plan only says that “Wealth Masters International (WMI) is a Texas-based L.L.C.” And the foot of each page on your website says, “2009 Wealth Masters, Inc. All Rights Reserved”. Could you please advise the registered name of your company.

  3. The Executive Summary of your Business Plan on your website says that, “WMI will market to individual consumers looking for cutting edge, powerful solutions that assist them in several important areas of their life. Among these products and services are: wealth creation, tax minimization, debt relief, financial and estate planning, alternative health, credit planning and restoration and a business opportunity uniquely structured to benefit Consultants that few, if any companies, have offered before.”

    However, these assertions seem to be contradicted by the statement at the bottom of each page on your website which says, “As an education company, neither WMI, WMI Consultants/Members, or Officers/Directors provide financial planning, tax, legal, investment , or health advice.” Please explain.

To find out what the rest of the eight questions were, together with (hopefully) Kip Herriage's replies in due course - and to find out whether you, too, are likely to achieve "the financial means to live the life you deserve" with Wealth Masters International, read the WMI Wealth Masters International review.


Buy the WMI Wealth Masters International review for £3

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of Home Businesses and Franchises and Promoters
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Nick Laight
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Omega Marketing International
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Online Mentoring Program review -
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Paul Charney - 8
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Paul Watts
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Pauline Quirke Academy
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Payments For Business
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Perfect Wealth Formula
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Peter Kenneth Newman
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Phoenix Trading
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Portfolio Property
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Premium Rate Profits
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Prime Analysis
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Prime Source Products
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Priority DVD & Web Address Ad Business Kit
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Prize Verification Services
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Product Flipper
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Profit Auditing
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Property Investment Club
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Property Spy
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Property Locator
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Property Locators' Club
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Prosperity International
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RAS Partnership Iss 10
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Rebate Processor Jobs
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review - 27
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Simon Johansson - 2, 1
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Site Sell
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Sports Arbitrage
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SpreadTrade2Win
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review - 28
Stephen Cleeve
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Stephen Graham - 9
Stephen Knight
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Stephen Sutherland
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Steve Clark
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Success University
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Telephone Riches
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Vince Stanzione
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Vital Beauty - 8
Vonateks Electronics
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Wealth Magnet System
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Wealthy Affiliate University
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Website Marketing Bible
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West Side Fulfillment
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What Really Makes Money
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Wikaniko
review - 27
Wills and Trusts UK
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Win Investing
review - 2
WMI Wealth Masters International
review - 28
Wok2Go franchise
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Work at home scam - 18
Working Wonders Ltd
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WOW Property
review - 4
WPA Medical franchise
review - 8
Writers Bureau review - 26

Yellowtom franchise review - 16
Yokozuna Financial Consultancy scam - 12
Your Gold Party review - 32

Xango review - 26
Xocai
review - 17

Zed Zed Productions Ltd
- 10

End of review of Wealth Masters International WMI

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