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  • Profile photo of MAAnonMAAnon
    Participant
    @maanon2014
    Join Date: 2014
    Post Count: 1

    Here’s some handy insider info –

    FACT: PPI is OWNED by Members Alliance
    FACT: Image building company is OWNED by Members Alliance
    FACT: Has an extremely low staff retention rate due to severe and intimidating micro-management under the auspices of authority
    AFFILIATIONS: Macquarie (Financial Planning) note: this may have been severed when Macquarie removed themselves from the program to purchase property via SMSF – this was due to Members Alliance not being considered at “arms length” in each stage of the investment process
    TIP: Steer clear of property located in Lowood, QLD (due to tenanting issues…unfortunately, other suburbs that have low valuations are too numerous to list)
    TIP: They will tell you absolutely anything to get you to sign on the day. Witnessed someone being sold a property as new and after settlement, discovered it was 5+ years old (this affects tax depreciation schedules).
    TIP: If you want to piss off Members Alliance, turn up to the in office appointment without your significant other…they can’t sign you up if only one income is present and under no circumstances will you be permitted to take the contracts with you. Officially known as a 1-legger, no sale.

    After your property settles, NO ONE cares about issues you come up against during the build or tenanting stage. Why? Every person you have come in contact with up and until that point has now received their commission and are busy with newer clients.

    Q: Why would a company that “seems” reputable need to use deceit rather than honesty in their day to day business dealings?
    A: The service they are providing is something that you can do yourself, from start to finish, with less headache and more control.

    I hope this ruffles the necessary feathers and serves as a warning to potential clients – do your research and if on the first page of googling a company name, you see the word “SCAM” anywhere, RUN!

    http://www.scamexposure.com/scam-report/members-alliance-marketing-machine-pretending-to-be-a-financial-advisor-c79616.html

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