Nightmare - Financial Advisor Equitable Advisors Employee Review

1.0
Dec 27, 2017
Recommend
CEO approval
Business Outlook

Pros

None. The worst job I have ever had by far.

Cons

Please do not make the same mistake I did. There is a reason AXA is a global fortune 500 company, but not a US fortune 500 company. Americans are smart enough to not buy into their lies. You may get a few people who feel sorry for you to buy a policy at first, but then it's all down hill. A few things you should know before working for AXA: no salary, over worked, no benefits, unprofessional managers, and micro managed. Staff avoid any questions about when salary starts, commission, etc until you have invested a thousand dollars of your own money. During the weekly training calls they call people out individually on how little they have sold. I do not know of any other company that thinks embarrassing their employees is effective. A manager who had never met me chewed me out over something I said over the training call with everyone listening. Just one example of the unprofessionalism. You will spend a thousand dollars of your own money, which is not refunded if you do not meet all of their requirements in the hazing phase. They tell you that you will learn about securities, but really they just push you to push your friends and family to buy term life insurance policies because they benefit AXA the most. Definitely be prepared to hardcore sell to all of your friends and family and be ready to lose some friends. They sell you on a dream job, but once you begin they make you feel trapped because of the money you have already invested and cannot get back. They lied about commission, telling me I would receive 100% of what I sold when in reality it is less than 1%. It's a work hard not smart career. The typical pyramid scheme where everyone over you is more concerned about there own book of business than helping you learn and build your own. There are much better insurance companies out there to work for that will actually coach and mentor you. If you want the same experience without costing a thousand dollars I suggest working for another pyramid scheme company that does not start you off a thousand dollars in the hole.

Explore other reviews about Equitable Advisors

5.0
Apr 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Compensation structure, product availability, brokerage system, overall tools, open structure to do best for your clients

Cons

Support staff are more hands off, not a lot of in house support staff members.

1.0
Jun 8, 2026
Recommend
CEO approval
Business Outlook

Pros

Good place for career changers to get financial licenses (they will license anybody)

Cons

Very bad pay model for new hires- will tell you 6% commissions on certain products but then you have to kick up 10% to your manager and the other half of what's left to whoever is working w you because they make you go out in pairs...and mostly seem want to get ahold of all your friends and family for sales you can't participate on without the 66....but you have no time to study that bc you are too busy selling for the products that don't require it to make quota, as your clock starts when you pass the 7, so pretty much they just want your people. It's very eat what you kill, and then only after it's been picked over.... which is fine if you're young with no obligations, but not great if you have a family. If you were an existing advisor and had your own book/contacts it could work. Otherwise get your licenses, learn a little, but don't be afraid to move on to other opportunities.

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