Don't even know where to start... - Financial Consultant Equitable Advisors Employee Review

1.0
Jul 24, 2021
Recommend
CEO approval
Business Outlook

Pros

they'll sponsor your licenses, although you still have to pay for them.

Cons

I worked here for almost a year and was lied to from the first interview. I was told I'd have a salary, later found out that I'd be commission only (it was better for my manager if I was commission only). Was told expenses (i.e. gas, Bart fare to see clients etc.) would be covered. This was not the case. Was also told I'd be reimbursed for my tests after I passed, but it turns out you only get reimbursed once you've been there for 6 months. The list goes on and on. This company is as close to a scam as you can get, and is worse than a pyramid scheme. Constantly forcing clients into annuities with high fees knowing that it's not the best decision for the client, but the one that pays out the best. No wonder they rebranded to get away from their reputation under AXA (shocker - they're just as bad with a new name). Employees were constantly pressure (sometimes forced) to write positive Glassdoor reviews, especially after a bad one would surface. I'd be super wary of the 5 star reviews on here, especially the ones that say "all it takes is commitment."

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.

See reviews by: Helpful|Rating|Date|All