Equitable Advisors reviews

3.8

68% would recommend to a friend

(2,516 total reviews)
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Mark Pearson

84% approve of CEO

67% positive business outlook

Equitable Advisors has an employee rating of 3.8 out of 5 stars, based on 2,516 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Equitable Advisors employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

3K reviews
1.0
Sep 18, 2019
Recommend
CEO approval
Business Outlook

Pros

They will sponsor you for licensing i.e. (Series 7, 66, insurance licenses). They will reimburse you for licensing costs. That is all you will get. You will be part of a team, and you will be supported by and support that team. You can opt for a salary option, but that will reduce your commission rate. You will work long hours and your compensation will be abysmal on an hourly basis, even if you make six figures.

Cons

You will not be given serious training. You will not learn any insights about financial planning, investments, or even insurance unless you try to learn on your own. The turnover rate is unbelievable. Turnover of associates, managers, entire teams is abysmal. The prospecting schemes are at times unsavory and at times cringeworthy. If you are part of a team you will have to do what that team does without fail. The knowledge you gained by studying for and passing the series exams is vastly superior to the "training" you will be given.

1.0
Jul 3, 2019

A cautionary tale

Recommend
CEO approval
Business Outlook

Pros

Great views from the office

Cons

Was lied to regarding pay - if you tell people there are two payment options, stick to it. Don’t say once licensed you can have a salary then reneg on that and state you only want 100% commission based sales people only, especially after paying for study materials and passing exams. As a new advisor the partial salary would have been paramount in allowing me to comfortably launch a practice. Required to pay for all study materials Will receive undue pressure to make at least 100 dials per day, while studying, with a very threatening tone Was pressured to stay from 8am-8pm to make dials Attrition was highly visible as not a single person who joined ahead of remained when I left Bullying was an issue

2.0
May 10, 2019
Recommend
CEO approval
Business Outlook

Pros

Building own book of business from scratch was a humbling sales experience. Facing rejection only made you stronger for future sales role. Great foundation to building myself as a sales professional. Challenging industry for young college grads, but exciting for the optimistic individual. Work hard, play hard.

Cons

High turnover, lacking strong leadership, good luck finding a mentor to help with development, training was minimal and redundant, was sold on exciting expectations about the job opportunity and under delivered on the actual experience. Make sure you know what you're getting into if you peruse after reading this. Your just a number on your managers hiring quota for the year, they have their own personal production they're focused on. They will literally hire anyone who can pass licensing and examination. Top quality talent goes elsewhere, AXA is just a glorified insurance company that pushes their high premium, propitiatory products. Lots of unethical business practices conducted just to make a quick commission. Phenomenal example of what to avoid steer away from in future sales opportunities. "Financial Consultant"- more like insurance agent. Pressure from management to tap into natural market for easy business upon hire, not a comfortable transaction for any part involved.

Viewing 40 - 42 of 2,516 Reviews

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