Hubert Humphrey (MLM)

Hubert Humphrey (MLM)

For the United States vice president, see Hubert Humphrey. For other uses, see Hubert Humphrey (disambiguation).

Hubert Humphrey aka Steeley Hubert Humphrey, Jr. (born 1942, Macon, Georgia) is the founder of several multi-level marketing financial services corporations in the United States. Mr. Humphrey used to market motivational business material from his online store.

Companies that he formed include Global Equity Lending (formerly World Lending Group), Global Realty Marketing (formerly World Realty Group), World Marketing Alliance, and World Leadership Group. World Leadership Group ceased business operations in December 2008 citing current market conditions in the mortgage and real estate industries. Hegemon Group International (“HGI”) officially launched on January 3, 2012. HGI is the umbrella for Hegemon Financial Group ("HFG") and The Pella Group ("TPG"). HFG offer licensed products via Hegemon Financial Services Agency, Hegemon Property & Casualty, Hegemon Investment Advisors, and Hegemon Securities. In another hand, TPG offered non-licensed products in Land Banking, Mortgage Leads, Employee Benefits, 401(k) Education, Indexed CD's, Technology, Identity Protection, 2nd Market Annuities, Merchant Services, P&C Referrals, College Planning, Cost Segregation, Real Estate Advertising, Health Ins. Reduction, Debt Planning, and Precious Metals.

Hubert Humphrey was one of the original members in the A. L. Williams organization, who became well known in later years for their controversial insurance philosophy Buy Term And Invest The Difference and multi-level marketing (MLM) organization structure. Hubert Humphrey, who worked for over 20 years on the railroad, was an Amway (not to be confused with Amtrak) distributor before joining A.L. Williams, began to apply these techniques to his A.L. Williams sales organization initially without the knowledge or consent of A.L. Williams founder Arthur L. Williams, Jr.

In 1990, A.L. Williams, a private company, was merged with Primerica and renamed Primerica Financial Services. After the acquisition, the founder of A.L. Williams, Art Williams was no longer part of the company, Hubert Humphrey was angry that Art Williams didn't leave A.L. Williams to him, he decided to leave to pursue other interests. Since his sales organization was about 50% of the entire Primerica sales force, it was a major blow to the organization when he left.

Hubert Humphrey then created Alexander, Inc., which soon thereafter became World Marketing Alliance, Inc. The industry the new company served was still insurance and investments, however the product was different. Hubert's new company concentrated on marketing variable universal life insurance (VUL). Hubert Humphrey eventually sold select assets of World Marketing Alliance to Aegon in 2001. The remaining assets of World Marketing Alliance retained by Hubert Humphrey included WMA Mortgage Services, Inc., which became the foundation for World Leadership Group and Global Equity Lending.

Global Preferred Holding and World Leadership Group are separate entities.

Humphrey's FINRA registration expired at the end of February, 2012, but his most-recently formed entities still have an active web site presence.