Equitable Advisors reviews

You will be constantly required to bring in new clients to high fee investments that are a rip off. This means badgering people to the point that they hate you. Cold calling and harassing people to sign. Equitable does zero marketing so you are required to give a spiel about who equitable is every meeting (clients have never heard of you). Your manager and equitable take half your commissions after you do ( it’s in the contract). In this job you will be required to cover all of the expenses associated with running business. This includes paying rent to equitable for office space, fees for software, and broker’s errors / omissions insurance. Don’t forget covering the cost of your initial exams. Basically equitable treats their advisors like disposable used car sales people and passes majority of the costs to them. When you try to leave they will send you letters threating to sue over “commissions / fees / e&o insurance” that you suddenly owe. I have never meant a group of more toxic people than the ones that work here. They get off on preying on teachers, uneducated, and elderly. Seriously avoid this place it was a huge mistake for me working here.

Monetary compensation for new advisors could be better.