Financial Education Services also known as FES is headquartered in Farmington Hills, MI and has 200 plus employees worldwide. Most of the services offered by FES developed its own products by FES. There are also a number of partnerships in particular, LifeLock’s number one provider of identity theft protection.
The founders of this company, Mike Toloff and Parimal Naik are taken from a very successful background in relation to the financial services industry and over the past nine plus years what once was an operation of a small back room in a mall to a state of the art facility with representation across the country
Financial Education Services products
requests the current market for products that will not only help to re-enter the consumer market, but also help to inform them about important factors associated with the financial knowledge that never were taught during formal education years.
it is this combination of products, services and education that has helped FES to a powerhouse in the market today and what separates them from that competition. When you educate your customer base you have a potential for not only business referrals, but also retain existing customers.
Financial Education Services products include Credit Restoration, positive credit Building, Pre-Paid MasterCard, Wills and Trusts, and the inclusive FES Protection Plan Membership those aforementioned services in association with Debt Zero (Debt Payoff System ) and My Financial Lockbox.
Financial Education Services Business Model
business model or distribution of these financial services are provided through a network of independent distributors or what FES refers to as ‘agents’. Agents are compensated for the sale of these products and also have the ability to build teams of agents and adjustments and receive bonuses based on their production team.
The business model is a form of MLM or better known as Network Marketing. The uniqueness of the FES model as the agent may choose to simply sell the products and do not participate in the team-building aspect of the business, although the fee plan you want to join maximize both sales of products such as team building.
Is Financial Education Services Right for You
Well let’s look at the facts; it is estimated that over 50 million Americans have less than 599 credit score (Sub-Prime Credit), 90% of the population do not have a will and trust combination, the average consumer household debt is about 20K without a plan in place to pay it off and identity theft is the fastest growing crime in America. With that being said, it’s almost a certainty that most people someone the services Financial Education Services provides can be used to know.
The most likely candidates for FES business opportunities are professionals in the financial sector, such as mortgage brokers and real estate professionals. There has also been a recent increase in the interest of the insurance industry.
This opportunity like entering any other home based business is ideal for those looking for the network marketing industry. There are no licensing requirements for agents because FES is licensed and bonded in all 50 states including Puerto Rico.
The bottom line is that if you are the kind of people who need the services offered required by FES will to sharing products that others can benefit and enjoy working from home than the Financial Education Services chance would be good for you.