Looking for a comprehensive Financial Education Services Review? Well if you reading this then most likely you were searching for an unbiased Financial Education Services Review to learn more about the company.

In this review I will give a general overview of the Company, Product(s), and Compensation plan which should be enough for you to make an informed decision on their business opportunity.

.NOTE: Unbiased (meaning I am not an agent or distributor of their products and I do not promote their business opportunity). Your decision to join or not join the Financial Education Services business opportunity is entirely up to you.

Now let’s get into this review and the facts about Financial Education Services.

Financial Education Services Company Profile

COMPANY NAME: Financial Education Services
INDUSTRY: Financial, Credit Repair
FOUNDER(S): Parimal Nalik, Mike Toloff
COST: $188 (onetime setup fee $99 & Monthly Fee $89)
WEBSITE: financialeducationservices.com

Financial Education Services (FES) is a direct seller of financial education products (credit repair/credit restoration ), intended to help consumers resolve financial issues and provide financial stability (life insurance, identity theft – Lifelock).

Financial Education Services is a United States based network marketing company that was founded in 2004 and officially launched in 2007.

The company’s current leadership consist of two people:

1) Parimal Naik (cofounder) – He is responsible for the strategic planning of the IT systems and databases behind the services offered through Financial Education Services.

2) Mike Toloff (cofounder) – He is responsible for the daily management and operations of the company; developing and directing a results oriented system, which contributes to the consistent improvement and success of the organization.

Financial Education Services’s Mission Statement:

With a focus on consumer education and providing a unique and personalized experience, we strive to eliminate the burden of financial uncertainty while creating a plan of action and peace of mind for the future.

Is Financial Education Services a member of the Better Business bureau?

financial education services review

YES, Financial Education Services IS a Better Business Bureau (BBB) Accredited Business.

On 08/12/20160 this business received their BBB accreditation.

Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.

Their current BBB rating is A+ and the BBB file for this company opened 04/08/2005.

The company only has 9 complaints with BBB in last 3 years  (6 closed in last 12 months). This is incredibly low for a company this size.

 Are there any Concerns or Red Flags about this opportunity?

Hand waving a red flag Financial Education Services or FES is a real company and not a SCAM.

At this time I have no concerns or major issues with this company.

Their credit repair products seem to be well liked and they have been in business over 10 years.

Although accredited with the BBB, they are not members of the Direct Selling Association.

What Are the Products?

financial education services review fes protection plan product

FES offers financial programs (membership packages) aiming to satisfy the need for financial security.

They have a wide variety of programs for maximizing credit potential, identity theft protection, and securing assets to prepare for a stable financial future.

The FES flagship product is their Protection Plan membership package.

According to the company, their credit education services can assist consumers in challenging the credit bureaus to remove inaccurate obsolete and erroneous items from your credit report.

Read on for a full review of the Financial Education Services business opportunity

How do I join Is the Financial Education Services business opportunity?

Find a Financial Education Services agent near you or online and contact the company through their website for further information.

There are two options to joining FES.

financial educational services agent

1) Option 1 – FES Agent w/ Protection Plan membership

Requires an initial investment of $288 or a one time $199 enrollment fee + the first month $89 Protection Plan payment.

  • No annual fee
  • Full Customer Acquisition Bonus (CAN) payout

Strive for 5 program – The $89 per month protection plan payment is waived when an FES agent personally sponsors 5 Agents / Customers (which must remain active).

2) Option 2 – The other less talked about option is the Standard Agent.

There is a one time fee of $249.

  • There is a $99 annual renewal fee
  • Half Customer Acquisition Bonus (CAN) payout

After enrolling you will receive a company replicated website and access to the back office.

Once you’re enrolled as a new Financial Educational Services agent, you can start building your business.

How to promote the FES products

FES encourages promotion of their protection plan membership package through person to person contact and private business receptions (PBRs) or home parties.

Most distributors are engaging their warm market (friends, family members co-workers, etc) and trying to persuade them to become their customer or join the company to become a FES agent.

More advanced distributors focus on professionals like real estate agents and mortgage brokers whose clients may need their credit repair services.

The top earners who are making money in Financial Education Services are great at marketing, both offline and online.

They know how to generate traffic and leads, and then convert those leads into sales, and they know how to recruit the best people into their business.

Not having a good lead marketing system is why most Young Living distributors will fail; because they follow the masses and get the same old results.

The Financial Educational Services Compensation Plan

The FES compensation plan is a uni-level. In order to receive compensation, an agent must be considered active.

To be considered Active, an agent must have a minimum of $399 in Personal Sales Volume every 70 days or have an Active FES Protection Plan Membership.

Distributors who fail to accrue $399 PSV (Personal Sales Volume) in 70 days are considered inactive and will not qualify to receive certain payouts from their sales organization.

What is a unilevel plan mean?

This means that you can only recruit people front-line to you. The more people you personally sponsor, the wider your organization grows.

young living compensation plan

You also earn a percentage through a certain number of levels of distributors within your organization. The higher the rank you achieve, the more levels from which you can earn commissions.

Example: If a company decides to pay $0.50 of every dollar earned to distributors, it will not stop at a fixed depth level. This means that if agents, who are too deep in the plan for you to get payment on normally, are inactive (do not qualify for a commission payment), then the remaining commission will flow up levels in the plan to the next qualified person and the complete $0.50 will be paid out.

The FES compensation plan pays down to six (6) levels deep. You have the ability to earn on more depth in your organization as you advance through the ranks and build a large enough team.

Distributors earn on the sales volume, or Personal Sales Volume (PSV), of each distributor.

The company pays commissions to distributors each month based on the volume of their loyal customers, and their distributors, and their distributors recruits (downline), and their loyal customers!

An agent must have a minimum of $399 in Personal Sales Volume every 70 days or be enrolled in the FES Protection Plan to be eligible to receive Level and Generation Overrides and CAB and Field Training Bonuses with the FES Compensation Plan.


  • There are twelve titles (ranks) of achievement – Agent, Field Trainer, Senior Field Trainer, Sales Director, Regional Sales Director, Executive Sales Director, Vice President, Regional Vice President, Executive Vice President, Senior Vice President, Senior Regional Vice President and Senior Executive Vice President.
  • Pays out monthly for all bonuses & commissions.
  • Pays 6 levels down and 2 levels of generation overides

For a more detailed look at the full  FES compensation plan click here.

How to make money with this opportunity

You need to understand that if you are new to the direct sales and network marketing industry that your success will come from your ability to get new prospects or generate continuous leads in order to make sales.

You will also need to recruit others and build a large team.

Even experienced network marketers might work hard to build large teams and still not produce the life changing income stream they desire.

You can make some money with this opportunity but it may be difficult for a newbie (new to marketing or sales) to make monthly quotas and generate a residual income stream.

Well you were looking for Financial Educational Services Reviews on the internet right? Then let’s look at the good as well as the bad about the company.

financial education services review

The Good Stuff – Pros

  • Residual income opportunity on monthly product reorders (autoship).
  • Eight different ways you can get paid – Personal Sales, Customer Acquisition Bonus, Level Overrides, Field Training Bonus, Sr Field Training Bonus, Infinity Bonus, Generation Overrides, & Global Profit Sharing Pool.
  • No inventory to manage and the products are liked by customers.
  • Stability-the company has been around for over 10 years.
  • BBB Accredited business with A+ rating

The Not So Good Stuff – Cons

  • Products and Services are US based only – Not a global opportunity
  • Production based comp plan that will require heavy recruiting and building large teams to sustain and maximize income potential.
  • Requires distributors to reach Sales Director and maintain 10000 GV (Group Volume)  each month in order to qualify to receive bonus compensation on downline sales.
  • Must be A Field Trainer –1600 GV (Group Volume), 2 separate legs (w/Minimum $400 Per Leg) before qualifying for your downline commissions.
  • Only pays 6 levels deep until you qualify for the generation commissions.

Is the FES business opportunity right for YOU?

If you love helping others resolve their financial issues and are interested in starting a home business by promoting/selling financial services, namely protection plan memberships, then FES may be a good fit for you!


Ok, so, I’m going to be pretty open and blunt here.

I’m assuming that we haven’t personally met yet and that I haven’t gotten to know you.

If you expect to sign up and instantly start to make money without investing some of your time and money into your personal development in order to acquire the skills necessary to be successful let me be the first to tell you … YOU WILL FAIL!!!

Don’t believe me? Read the company’s income disclosure statement.


60% of Financial Education Services Representatives did NOT make Money!


During 2016, approximately 60% of individuals who executed a FES Distributor Agreement are considered inactive.

So what does that mean?

Well FES defines an “Active Distributor” as any person who:

(1) executed a FES Distributor Agreement;

(2) has sponsored at least one person; and

(3) has received at least one commission from downline productivity.

Pay attention to #2 and #3. This means 60% could not sponsor at least one person and did not earn even one commission.

The average annual annualized income for all Distributors, whether inactive or active during this period was $4,340.00

According to FES, the average distributor invests between $100.00 and $1,044.00 in expenses as they build their business.

So at least 60% of the FES distributors lost money because they invested the amounts listed above and did not earn any commissions.

So if your looking at FES solely for the purpose of the compensation plan and have no experience marketing and don’t have the drive and ambition to make a serious change in your life, Fiancial Education Services probably isn’t for you.

The problem is that a lot of people join this company and then don’t want to do ANYTHING to develop the skills you need to stand out from the thousands of other distributors in the company.

Your success as a Distributor will ultimately be determined by how many people you can attract to you and your team.

Without understanding Attraction Marketing principles, you will always be at a serious disadvantage. If you want the best chance at success in your Young Living business, you also need to learn Attraction Marketing principles.

Click here for my FREE 3 DAY LIVE virtual training webclass to learn about attraction marketing.

By using attraction marketing, learning a few marketing skills, and leveraging the power of the internet, you can succeed where the other 95% fail.

Final Thoughts

Please continue to read as many Financial Education Services reviews as you possibly can while  researching this company.

Looking at a company’s website traffic is often a good indicator on how much momentum the company has or if there is a lot of interest in the company.

After taking a huge drop in traffic (website visitors) from October through December 2017, it appears that interest in FES has stabilized and slowly began to rise again.

If you do a search on Google for this company and products, you will find some  negative websites, blogs and consumer comments, but that is typical for any business.

How the company handles the complaints is key.

You should always make sure you get to know as much about the company as you can before making a decision.

But also understand that if you are new to the direct sales and network marketing industry that your success will come from your ability to generate continuous leads in order to make sales.

young living review business opportunityIn my opinion FES is just like any other direct sales and network marketing company.

So if you are interested in financial services that include credit repair and feel comfortable with their products, then FES is certainly a business opportunity worth looking into.

It may be difficult for a newbie to make any real money with this company and even experienced network marketers cant work hard to build large teams and still not produce a life changing income stream.

Remember, success in network marketing is not a huge mystery. It is just a matter of correct education, proper skills and effective action.

To Your Success!
charles lenoir

Your comments are welcomed below, if you are a Financial Educational Services distributor please share your experiences.