Tough to get started if you have no natural market - Financial Advisor Equitable Advisors Employee Review

3.0
Sep 12, 2023
Recommend
CEO approval
Business Outlook

Pros

There are a few key employees I enjoyed working with, some good lessons that came from running client meetings, and inspirational/emotional stories of how senior advisors got started in the business.

Cons

Lack of training, lack of consistent pay, condescending tone and attitude towards new advisors, "PEP" period can last for several months if you do not get any good cases to close right when you start, the "base pay 2k/month" contract is not good, senior leaders act like Equitable is the only company that pays financial advisors fairly but this company is just structured to where the top 10% of advisors make all the money and the other 90% make under 40k/year, with the average new person's income being about 10-20k in their first year from my experience.

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Equitable Advisors Response
2y
Thank you for taking the time to share your feedback. Wonderful to hear about your positive and inspirational experience with employees and advisors in your branch. Equitable has an Open Door Policy, in which open, honest communications between you and your manager is a day-to-day business practice, and employees are encouraged to raise any concerns with their managers. Our RBG program is beneficial to those without an immediate natural market. Financial Professionals are entrusted to employers who have selected us as a product provider and includes people who work for public schools, colleges, universities, hospitals, nonprofit organizations and municipal governments. This opportunity gives our Financial Professionals immediate access to prospects and people needing help. As your relationships with these individuals grow, you’ll be able to work with them in other areas of their personal wealth needs.

Explore other reviews about Equitable Advisors

5.0
Nov 24, 2025
Recommend
CEO approval
Business Outlook

Pros

The education, resources, and support provided provided by leadership at the branch level (regional: OH and IN) and district level (local: Carmel Office) are excellent. If you want the best shot at succeeding in this career you'll be hard-pressed to find a better firm and a better team to do it with.

Cons

The statistics tell a story: As many as 9 in 10 people who become financial advisors are have left the career within their first three years. Its a challenging career path, period. But there are companies with better than average development and retention rates and Equitable is one of them for good reason.

1.0
Jun 26, 2026
Recommend
CEO approval
Business Outlook

Pros

Complete freedom to build your book of business anmd schedule.

Cons

Horrendous place to start. Managers run their own practice and have little to no time to actually help you outside of your joint meetings so you're on your own. They only give you 2 options to get clients, cold calling or their retirement benefits group through schools. Basically the whole advising piece is to just to sell life insurance and annuities. The support staff is thin so you're kind of on your own with paperwork and compliance docs. They just genuinely offer you nothing. No help with covering costs (you pay for all your licensing and marketing materials), they even charge you for using the company laptop and fees for programs you will never use. They will mislead you about the commission payouts and you only really get something if you get them to buy an annuity or life insurance. If you also have a remaining balance of any fees when you leave, they will literally sending you threatening letters demanding the money and threaten you with claims court if you don't pay it back.

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