Equitable Advisors reviews

3.7

63% would recommend to a friend

(635 total reviews)
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Mark Pearson

80% approve of CEO

63% positive business outlook

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635 reviews

Reviews about "Compensation"

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1.0
Mar 15, 2018

Absolute Joke

Recommend
CEO approval
Business Outlook

Pros

Seriously not one good thing.

Cons

I went into this job ready to work hard and make my way in the business. I was told if you put in the time and effort you will succeed here. This could not be farther from the truth. Working 50-60 hours a week with absolutely NO compensation led me into just about the worst 4 months of my career. I spent thousands of dollars on my licenses, commute and expenses with NOTHING in return from AXA which is funny considering they love to tell everyone you will make 80k-100k in your first year. LIES. While I was there the "management" and "training" I thought I would get were all just broken promises. You are taught nothing and you are basically given a phone and told to build a book of business. Might I add it such a revolving door of recent graduates that on my first 2 days they didn't even have a desk for me to sit at basically waiting for someone to leave so I could sit. The managers who tell you they believe in you and are investing time in you only want to spend time helping you if there is opportunity for them to make money off of you. I was told time and time again that they don't push people to reach out to family right away but yet they like to insert as many times as possible to tell your family what you are doing aka the only way you will make money here in the beginning is if you harass your family into buying something. Overall, I consider myself an intelligent person but wasting my time at AXA was one of my worst decisions thus far and I would advise/ beg anyone to not let the same tricks that convinced me to accept this job let them. Stay as far away.

1.0
Mar 9, 2018
Recommend
CEO approval
Business Outlook

Pros

If you already have a book of business at another firm, you'll probably get better multipliers and bonuses with AXA. If you somehow end up working with one of the top 3 producers in ATX (not their underlings) you have a chance. Office location. You will likely work with friends- because they will have lured you in for the interview in the first place.

Cons

First months you'll be pre-contract you pay for tests, must make $5k before its repaid. Accompanying you on meetings with your "natural market" will be your managers' (or managers chosen lieutenant) main priority. These will be your parents, friends (over age 25), and family friends. You will be given scripts to read that pitch everything from a "second set of eyes" to your new divine calling to "faith based financial planning" to set a meeting. If you don't plan on drinking the koolaid/ building your book on your friends and family, start elsewhere.

2.0
Mar 1, 2018
Recommend
CEO approval
Business Outlook

Pros

Enjoyed those I worked with, ability to build your own schedule for the most part.

Cons

Commission based job so if no business is being closed then you're not getting paid, theres not enough training on how to find "qualified" clients and what to do once you begin the process with them.

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