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
Jan 19, 2021
Recommend
CEO approval
Business Outlook

Pros

The only pros that I can think of is getting the licenses.

Cons

Theres so many cons to working for this company I dont know where to even start. From day 1 you are lied to about the training, pay and career advancement. Let me just begin by saying many of the reviews on here are current employees that are sold the dream that they say if you put in the effort you have unlimited earning potential. That may be true, but it is very rare as for this position you are nothing more then a call center where you make 500+ dials a day trying to convince random people about life insurance. I was told I would be financial advising and getting the training needed and all I got was just a bunch of meeting set and ran that they tried pushing life insurance. My friend wanted me to help him with retirement planning and said he did not want life insurance and they pushed 3 different life insurance products on him. The knowledge that I learned after being here for a year was the same knowledge I had when I originally started. I would avoid this company at all costs unless it is truly your last option and just use it as a stepping stone. Dont think youre any more special then the rest of the people because youre just a pawn for the management to fill up their pockets. I should have known that after my first 2 months there that 15 out of 40 people in the office left to other companies

1.0
Jan 12, 2021
Recommend
CEO approval
Business Outlook

Pros

Friendly staff and manager. I liked most of the people I worked with.

Cons

Salary -Low Base Salary ($24k for California is not livable) -The salary ramps down, so year 2 you'll have a base salary of 12k and $0 by year 3. -You get 2 options: 1) 100% commision, no base salary or 2) They basically take half Training -Do not pay you while you train (You'll be making no money while you get the 4 licenses it takes to get the job; other companies like Bank of America will pay) -Make you pay for your Life and Health exam and SIE and study materials (Any respectable firm will pay for those things for you) -Make you pay for your finger prints and other regulatory needs. -You have to use their laptop to access their website which YOU will have to pay for. That is not normal. You will have to rent a laptop from them which you will pay them money each month to use. A respectable company would buy you a laptop which you would use while youre their employee Summary -This is a classic "Churn and Burn" Company. They only want your friends and familys accounts and then youll quit and theyll keep them with their "Non-compete" clause in the contract youll have to sign. Do not work for them.

1.0
Sep 23, 2020
Recommend
CEO approval
Business Outlook

Pros

-There is uncapped salary potential -Great individuals to work with, if they interact with you

Cons

-The culture and company attitude is akin to a group that sells essential oils on Instagram. -Pay starts at zero -there is not much support from upper management and the likes to get you beyond zero pay. -not as much financial advising as it is financial sales- a lot of cold marketing

Viewing 58 - 60 of 2,516 Reviews

Glassdoor has 2,908 Equitable Advisors reviews submitted anonymously by Equitable Advisors employees. Read employee reviews and ratings on Glassdoor to decide if Equitable Advisors is right for you.