Hi all,
I attended a seminar by Wealth Acceleration Group (WAG) in Sydney a few months ago. The seminar was pretty generic – about negative gearing, etc. I didn't get to know a lot about how the WAG group itself operates. From what I can see they do their own property development and also manage properties, arrange financing and have a team of solicitors, accountants, etc. I am a bit skeptical about them (for example – they might just be selling their property developments at above market prices to clients) but I was curious to know if anyone here deals with them or similar such organisations ?
thx in advance
salilHello Salil, My name is Angela Boulter from Wealth Acceleration Group, I have stumbled across your question about WAG and wish to let you know, feel free to ask us any questions you may have about us or the services we offer, as we believe at WAG education is your best tool. We also offer a FREE report which will help shed light on your current situation (worth having as it is free comprehensive and insightful). I hope to hear from you soon to build education and wealth. Thank you, Angela Boulter. Feel free to email. [email protected] *Disclaimer* This is not financial advice and you should seek your own independent advice.
Salil… my suggestion.. runnnnnnnnnnnnnn miles away. Another 'cheapie' spruiker on radar.
WealthNProperty… 1st post..and promoting your own group… very suspicious..
Hello,
I understand my post could have been misinterpreted by such an experienced forum poster, so I took the liberty of highlighting in blue the original intentions of the post. Any other comments about this post can now be easily dismissed as I have made it simple to understand.
My name is Angela Boulter from Wealth Acceleration Group, I have stumbled across your question about WAG and wish to let you know, feel free to ask us any questions you may have about us or the services we offer, as we believe at WAG education is your best tool. We also offer a FREE report which will help shed light on your current situation (worth having as it is free comprehensive and insightful). I hope to hear from you soon to build education and wealth. Thank you,
HEI WAG…
THE TRUTH THAT WILL SPEAK..
I WILL CALL IT AS … "DEBT ACCELERATION GROUP"Another firm of Property Spruikers doing a public service for the community.
Maybe they are all the old Investor Club Suppoer members who have seen the light.
Richard Taylor | Australia's leading private lender
As always, we see 2 negative feedback responses from 2 different people who have not REALLY shed any ACTUAL evidence to support the claim to avoid Wealth Acceleration Group.
I am a builder and have also been to their seminars. I found them to be very informative and due to my situation at the time (Expanding business) they advised me to hold off for the moment.
I have since informed a few of my collegues about the company, 2 of which a are doing very well with them.
I have no evidence of my own to support pro biased attitude towards the compnay other than the fact that these 2 guys have a continued relationship with Wealth Acceleration Group and are looking to invest further through this company.
Salil, as Angela has mentioned above, they are more than happy to answer any question.Food for thought- The sign of a good investment company, or any company for that matter-
Ask them how many of their OWN employees have invested through the company!
I did ask and based on their answer, i know i will be going back to them.
Hope this helpsWhat great opening post from a topic which was last raised nearly 6 months ago.
It is always interesting to look at a Companies website and see the bits that are currently "under construction" or "not currently work". On the WAG website interesting to see the Question under the FAQ about "How do you make your money?" is currently blank.
Also interesting to see that since Angela just stumpled across the post about WAG she has never managed to come back and provide the forum members with some further insight into property investing.
Maybe another 1 post wonder.
Richard Taylor | Australia's leading private lender
Very interesting all you pessimists!! Especially Richard! I am a very satisfied WAG (Wealth Acceleration Group ) Client, one of the most ethical property companies in Australia with an exceptional CEO who is a multi millionnaire (having spent his whole life on a quest to find out where people make money – PROPERTY). We have been investing with WAG for 8 years and have 8 very successful properties (4 of which have doubled in value while you are all sitting slating them!) So I wonder who is wondering now! I agree with Angela, what have you got to lose by looking into it yourself? Don't follow the pessimists (and especially not the financial advisors) or you'll land up poor like 94% of the rest of Australia!! The other 6% are investing!! And thanks very much, I'm one of them with a company I 100% vouch for.
Ah ha, yeah.
Amazing grasp of sales statistics you have there.
All I can say is take things at face value, do lots of research, and where possible get an independant point of view.
I hear all too often that you should never get emotional about your money – listen to the emotions, they might be telling you something. Listen, but don't be lead.
Another $0.02 worth from me
i hope you are right about them being"one of the most ethical property companies in australia " krb74
I am very much aware of WAG and beleive Richard Taylor to be correct. Any positive feedback about WAG is most likely from someone within or associated with the organisation. An owner Jacque Mamet is someone currently being taken to court, and I understand will be subject to scrutiny by the media in the near future. Hopefully sooner rather than later so more can steer away from this organisation. How can people expect the correct financial & realestate advice from a developer. A developer that even says "it doesn't matter if you pay too much for the property". One thing is for sure, if you buy through WAG, you will pay too much, and your chances of positive property investment are very limited. Beware, do your homework, shop around for the right price, get the right independent investment advice – definitely not from someone WAG recommends. Property investment can be good, but only if it suits your current financial position and you're the one making the money.
Jacque Mamet and the Wealth Acceleration Group are being taken to the Supreme Court of Queensland on the 24,25 and 26 May 2010.Hi Silil,
I agree with investwisely , I know a guy who was done for thousdands due to faulse statements by this company last year. My suggestion would be to use somebody like Destiny who don't sell their own properties and won't mislead you in purchasing properties for for the devolopers pay packet. Be very carefull of this company from what I know and heard they look after their interests first!!
MJayLink does not work. Try this one:
KRB,
If you spent more time here, rather than just supporting your WAG mates, you would know that Richard has many properties.
The fact is, if a business is developing property and then trying to sell that property to their 'investor education' clients, then they have a conflict of interest. Do you go for the highest price possible, and charge your 'students' too much? The free information sessions are basically used to drum up business for the properties they have to sell. They tell you why investing in property is so great, the tax breaks etc, then, "Oh, by the way, we have a property for sale that is perfect for you!" Yawn…
If you need this type of education (and really, they teach pretty basic stuff) then you are better off getting it from someone who does not have a property to sell. At least you'll know where their interest lies.
lol i love all the 1 POST comments coming up, nice pr and marketing WAGS
Gee they sound similar to TIC, who by the way will be an exhibitor at the upcoming Property Expo in Brisbane.
I wonder??
I have been a good friend if the family and my family has bought numerous properties from jacque. Now my father is currently declaring bankruptcy because the houses where to over priced and he is trying to sell them $100,000 less then what he payed. I believe they have moved to shailer park and are using a different company name. My family will also be taking him to court.
Since this topic has come around would people say the same thing about the following organisation
"Australian Finance and Property solutions" http://www.afps.net.au
Financial planning via a property solution is that such a bad thing?
thanks
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