MWR Monetary seems to be a brand new division of the MWR umbrella of firms.
MWR began off as My Guarantee Rewards in late 2013. The corporate is based by Jay Tuerk and Yoni Ashurov.
In 2015 My Guarantee Rewards was rebooted as MWR Life. Along with the unique guarantee plan, MWR Life added a number of further phone-based providers.
I initially figured MWR Monetary was one other reboot. MWR Life nonetheless remains to be working underneath Yoni Ashurov as CEO.
The first distinction between MWR Life in 2015 and right now is that it seems to have switched to the journey area of interest.
Neither Ashurov or Tuerk are talked about on the MWR Monetary web site. And out of doors of getting “MWR” in its title, you’d be forgiven for pondering the 2 firms aren’t associated.
The Florida company deal with offered on each firm web sites nonetheless is similar, confirming MWR Monetary is, no less than on paper, a part of Ashurov and Tuerk’s MWR model.
Cited as CEO of the corporate on MWR Monetary’s web site is Brian Home (proper).
On his LinkedIn profile, Home moreover credit himself as a co-founder of MWR Monetary.
Home does have MLM govt expertise by way of Youngevity. The one MWR connection I used to be in a position to make pre MRW Monetary although was a livestream recorded two years in the past:
Be aware that the stream itself is unavailable so we solely have the title above to go on.
The precise possession construction of MWR Monetary isn’t clear, however I believe Ashurov and Tuerk are unnamed co-founders.
Properly they’d need to be, in any other case that is all one unbelievable coincidence.
MWR Monetary might after all make clear all of this on their web site however for no matter cause have chosen to not.
Learn on for a full evaluate of the MWR Monetary MLM alternative.
MWR Monetary Merchandise
MWR Monetary’s solely product is Monetary Edge, a $79.97 month-to-month subscription to monetary themed providers.
Monetary Edge is marketed as ‘essentially the most complete monetary bundle within the market’ and supplies entry to
- CreditMax – credit score right and consulting
- EquityMax – debt administration software program
- MoneyMax – “supplies you with UNLIMITED entry to prime rated CPA’s and CFP’s” and entry to TaxBot
- WealthMax – “monetary literacy, schooling and mentorship program”
- Debt Decision Middle – “provides essentially the most complete options in your monetary issues”
MWR Monetary declare the above providers are supplied by way of Diversified Monetary Companies LLC.
Every Service accessible by way of the Plan shall be offered by the Service Supplier providing that exact Service.
(MWR Monetary) is simply a Advertising and Administrative Agent for every Service Supplier.
The MWR Monetary Compensation Plan
The MWR Monetary compensation plan revolves across the sale of Monetary Edge to retail prospects and recruited associates.
MWR Monetary Affiliate Ranks
There are six affiliate ranks inside the MWR Monetary compensation plan.
Together with their respective qualification standards, they’re as follows:
- Supervisor – generate and preserve three month-to-month Buyer Factors, recruit no less than one certified affiliate and have no less than three associates on the primary stage of your unilevel group
- Senior Supervisor – generate and preserve 5 month-to-month Buyer Factors, preserve no less than one personally recruited certified affiliate and no less than three unilevel legs with a Supervisor in every
- Space Supervisor – generate and preserve seven month-to-month Buyer Factors, preserve no less than one personally recruited certified affiliate and no less than three unilevel legs with a Senior Supervisor in every
- District Supervisor – generate and preserve 9 month-to-month Buyer Factors, preserve no less than one personally recruited certified affiliate and no less than three unilevel legs with a Space Supervisor in every
- Regional Supervisor – generate and preserve eleven month-to-month Buyer Factors, preserve no less than one personally recruited certified affiliate and no less than three unilevel legs with a District Supervisor in every
- Nationwide Supervisor – generate and preserve 13 month-to-month Buyer Factors, preserve no less than one personally recruited certified affiliate and no less than three unilevel legs with a Regional Supervisor in every
Retail Commissions
MWR Monetary associates are paid an $80 buyer bonus per retail buyer they join.
Be aware if a retail buyer cancels after their first month solely $40 is paid out.
A residual retail fee is paid out month-to-month, primarily based on the overall variety of retail buyer subscription an affiliate has lively:
- 10 retail buyer subscriptions = $25 bonus
- 25 retail buyer subscriptions = $75 bonus
- 50 retail buyer subscriptions = $200 bonus
- 100 retail buyer subscriptions = $500 bonus
Coded Retail Buyer Fee
Every retail buyer subscription generates an $8 coded bonus.
This bonus is paid out as follows:
- Managers obtain as much as 25 cents
- Seniors obtain as much as 50 cents
- Areas obtain as much as $3.50
- Districts obtain as much as $4.50
- Regionals obtain as much as $5.50
- Nationals obtain as much as $8
When a brand new retail buyer pays their month-to-month Monetary Edge subscription, the system searches upline for a professional Supervisor or larger affiliate.
The primary affiliate discovered is paid their most rank coded bonus.
The system then searches larger to pay the remaining coded bonus out to.
When a Nationwide affiliate is discovered, they’re paid what’s left of the $8 coded bonus.
If the primary upline affiliate discovered is a Nationwide, they’re paid the complete $8 coded bonus.
Certified Qualification
Sure MWR Monetary commissions and bonuses require an affiliate to be certified.
Certified qualification requires an MWR Monetary affiliate to be updated with membership charges and be producing no less than three Buyer Factors a month.
- buy Monetary Edge as an affiliate = 2 Buyer Factors
- promote Monetary Edge to a recruited affiliate or retail buyer = 2 Buyer Factors
- pay month-to-month affiliate membership payment = 1 Buyer Level
Recruitment Bonuses
MWR Monetary associates are paid a Momentum Bonus primarily based on the next recruitment standards:
- recruit three certified associates inside your first thirty days and obtain $150
- recruit three certified associates who every recruit three certified associates inside forty days and obtain $450
- recruit three certified associates who every recruit three certified associates inside ninety days and obtain $900
Growth Bonus
The Growth Bonus is paid when downline associates obtain Certified qualification.
If a personally recruited affiliate turns into Certified inside thirty days of signing up, the affiliate who recruited them is paid a $25 Growth Bonus.
A residual coded Growth Bonus can also be paid out as follows:
- Supervisor obtain as much as $10
- Senior obtain as much as $20
- Space obtain as much as $45
- District obtain as much as $55
- Regional obtain as much as $65
- Nationwide obtain as much as $75
The coded Growth Bonus pays a most of $75.
When a MWR Monetary affiliate achieves Certified standing, the system searches upline for a Supervisor or larger affiliate.
The primary discovered affiliate is paid their portion of the coded Growth Bonus.
Managers are paid $10, Areas are paid $45, Districts are paid $55 and so forth.
What’s left is paid to larger ranked associates, till a Nationwide affiliate is discovered and your complete $75 is paid out.
Be aware that if a Nationwide affiliate is discovered upline, they obtain what hasn’t been paid out of the $75 to decrease ranked associates.
This may be as excessive as your complete $75 if they’re the primary upline affiliate discovered.
Day by day Assure Commissions
MWR Monetary pay a Day by day Assure fee primarily based on month-to-month Buyer Factors generated by an affiliate and people they personally recruit.
- 9 Group Buyer Factors = $5 a day
- 36 Group Buyer Factors = $20 a day
- 150 Group Buyer Factors = $30 a day
- 300 Group Buyer Factors = $50 a day
- 550 Group Buyer Factors = $100 a day
- 1100 Group Buyer Factors = $150 a day
- 1750 Group Buyer Factors = $200 a day
- 2750 Group Buyer Factors = $300 a day
- 4250 Group Buyer Factors = $500 a day
- 9250 Group Buyer Factors = $1000 a day
The above quantities are “paid as a topup in opposition to the earlier month’s
earnings, inclusive of Luxurious Car Membership bonuses”.
Be aware that no multiple third of the month-to-month Group Buyer Level quantity can come from anybody unilevel leg.
To qualify for Day by day Assure Commissions, an affiliate should recruit and preserve three certified associates and one retail buyer subscription.
Examine Match Bonus
MWR Monetary pay a 25% examine match on residual commissions earned by personally recruited associates (excluded Day by day Assure commissions).
Presidential Bonus
Space Supervisor and better ranked MWR Monetary associates qualify for the Presidential Bonus.
The Presidential Bonus is paid out month-to-month, primarily based on Buyer Level technology by an affiliate and their personally recruited associates.
- 225 Group Buyer Factors a month = $500 bonus
- 750 Group Buyer Factors a month = $1000 bonus
- 1750 Group Buyer Factors a month = $2500 bonus
- 3750 Group Buyer Factors a month = $5000 bonus
- 7500 Group Buyer Factors a month = $10,000 bonus
- 11,250 Group Buyer Factors a month = $15,000 bonus
- 18,750 Group Buyer Factors a month = $25,000 bonus
- 37,500 Group Buyer Factors a month = $50,000 bonus
- 75,000 Group Buyer Factors a month = $100,000 bonus
A 50% match is paid on the Presidential Bonus.
25% is paid to the primary Presidential Bonus certified affiliate.
The opposite 25% is paid to the primary upline Presidential Bonus certified affiliate incomes a better tier of the bonus.
Be aware that as much as 33.3% of required group Buyer Factors will be sourced from anybody unilevel leg.
Automotive Bonus
Senior Supervisor and better ranked associates can qualify for a month-to-month Automotive Bonus fee as follows:
- generate and preserve 200 group Buyer Factors a month = $500 Automotive Bonus
- generate and preserve 500 group Buyer Factors a month = $1250 Automotive Bonus
- generate and preserve 1750 group Buyer Factors a month = $3000 Automotive Bonus
Be aware that as much as 33.3% of required group Buyer Factors will be sourced from anybody unilevel leg.
Becoming a member of MWR Monetary
MWR Monetary affiliate membership is $99 after which $40 a month.
Associates who don’t pay the $40 a month payment are solely paid non-MLM retail commissions.
Conclusion
I’m not likely positive why MWR Monetary exists.
MWR Life very a lot presents itself as a journey area of interest MLM firm, primarily based on their Journey Benefit VIP membership.
There’s no point out of the monetary subscription on the front-end web site.
Dig somewhat deeper although and, no less than as of October twenty third, you’ll discover MWR Life are nonetheless promoting Monetary Edge:
If I can subscribe to Monetary Edge by way of MWR Life, why does MWR Monetary exist?
Then there’s the entire “Monetary Edge offered by a third-party service provider” factor.
Monetary Edge is billed as a group of providers offered by Diversified Monetary Companies LLC. No details about Diversified Monetary Companies is offered.
My very own analysis lead me down a wormhole of inactive LLCs, and that was solely in Florida.
Key to Monetary Edge being actually unbiased is Brian Home having nothing to do with Diversified Monetary Companies.
And on that I’m not likely positive.
Home’s historical past straight ties him to providers very very like what are supplied by way of Diversified Monetary Companies.
From January 1991 to December 2016, Home ran My Monetary Benefit as Founder and CEO.
On Home’s LinkedIn profile, My Monetary Benefit is described as a
full monetary options firm providing credit score restoration, debt elimination & limitless monetary recommendation on demand.
Sound acquainted?
Oh and enjoyable truth, again in 2013 My Monetary Benefit was pitched to TelexFree traders, who collectively would go on to lose over three billion {dollars} to the Ponzi scheme.
No phrase on whether or not that was factored into My Monetary Benefit’s “monetary options” for those who signed up.
If I didn’t know any higher, Diversified Monetary Companies is simply My Monetary Benefit with a brand new title.
However, like I mentioned, I wasn’t in a position to independently verify so take it for what it’s.
Transferring on to MWR Monetary’s compensation plan, I’ve combined emotions concerning the implementation of retail.
At the start I’ve to query that if Monetary Edge as a retail subscription, why did MWR Life change focus?
MWR Monetary have made some nice efforts to encourage retail gross sales, together with upfront, coded and sliding-scale retail commissions and bonuses – however all of that’s let down by the corporate’s qualification standards.
3 Buyer Factors, all of which will be self-purchased.
2 factors for sustaining a Monetary Edge subscription and 1 level for persevering with to pay your $40 a month affiliate payment.
That’s all that’s initially required to qualify for MLM commissions.
Rating up within the MWR Monetary compensation plan introduces recruitment requirement and better Buyer Level quantities.
The issue is the upper Buyer Level quantities will be glad through recruitment. 2 factors per personally recruited affiliate signed as much as Monetary Edge if I’m not mistaken.
This signing up for Monetary Edge after which recruiting associates who do the identical means an MWR Monetary affiliate can ignore retail altogether.
It drags the chance into pyramid scheme territory. And the one cause for that’s if Monetary Edge isn’t viable as a standalone retail subscription.
As a prospect MWR Monetary affiliate, attempt paying for Monetary Edge for 3 months earlier than committing as an affiliate.
It’ll price you an identical as an affiliate anyway, so that you’re not dropping something by doing so.
If after three months as a retail subscriber you’re glad you may market Monetary Edge to different retail prospects, proceed.
If not… nicely, you’ve got your reply.
Replace 4th Could 2024 – BehindMLM printed an up to date MWR Monetary evaluate on Could third, 2024.