Equitable Advisors reviews

I genuinely think the management here cares about the employees, but the way the compensation structure is built there is literally no way the client can ever come first. Make no mistake, financial planning/advisory is a SALES position. You have to bring in clients and assets. The question any young person should ask themselves, is do I know what I want to sell and what is your ideal business model. I cannot say this enough, TALK TO OLDER ADVISORS from different firms/ business models and ask them what they do!!! While you can sell products from a number of companies as well as do broker/dealer and advisory business, none of this is "benefits eligible" comp. You will not get a 401k contribution, pay S.S. tax, OASDI, health benefits paid for without selling an AXA proprietary product. When you start making good money from outside of the proprietary realm, this can be a real issue.

You're absolutely on your own. If you can't get clients yourself, you can't survive. No base salary. If you don't bring in a book of business from somewhere else or have your own natural market that would be willing to open up accounts, you're looking at a dead end.