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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2.0
Sep 5, 2017

Financial Professional

Recommend
CEO approval
Business Outlook

Pros

You and your office of financial professionals all go through hell together starting out your first three years. Overall good group of financial professionals to work with.

Cons

HIDDEN FEES everywhere you go. Pay your own E&O insurance after 6 months on contract in excess of $280 per month. Have to purchase a new computer that meets their 'security specifications'. You have to pay a 'technology fee' of $80 a month to use their specific poor excuse of sales force and illustration software. Whatever AXA tells you during the interview, they are a LIFE INSURANCE company first. If interested in an investment practice you will have to pay $50 a month to use their awful third party broker dealer affiliate LPL' and their software. Overall, I have seen a ton of Advisors make a commission check just to have it all go to AXA to pay all of these hidden fees. This place is a money pit.

2.0
Sep 5, 2017
Recommend
CEO approval
Business Outlook

Pros

Unlimited Gains Potential Management is great, they stay up to date with you throughout your licensing and certifications process. They make sure you aren't doing it alone

Cons

They will literally hire anyone. My dad is 54 and currently in job search, he was contacted by AXA as a "great fit" for the position when he has zero finance and sales experience. They just want to ramp up numbers and whoever doesn't make it they don't care. They really trick you with your gains potential, in the sense that it takes way longer to make money than they make it out to be. If you are not financially stable going into this position I suggest pulling out now because it costs over $1000 to pay for study materials and the actual exams. Yes, they reimburse you, but it won't be for at least 3-4 months after you actually start the testing phase. After you do finish the testing, in our first 4 weeks you only make $1400 plus commission (which hardly anyone makes in this phase). If you have a lot going on in your life, I suggest staying away because the early stages of this position will only make matters worse. Office Space is outdated and crammed.

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