Equitable Advisors reviews

3.7

65% would recommend to a friend

(2,516 total reviews)
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Mark Pearson

80% approve of CEO

65% positive business outlook

Equitable Advisors has an employee rating of 3.7 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
Nov 10, 2015

Avoid at any cost!

Recommend
CEO approval
Business Outlook

Pros

Possibility to get licensed, but at your own expense and there is no salary.

Cons

The worst experience in my life: zero support after licensing - Y.O.Y.O (you on your own); AXA mandatory training was very poor; my office space was not ready when I started, my desk phone did not work and I my business cards "by mistake" had a contact phone number of another advisor who is related to our receptionist. I found it only when my phone was fixed (2 weeks later). There are tons of problems on the management level. There is ZERO marketing support for new people with the compliance approved material. On my interview I was told that after my licensing I will be receiving 6 months payments + commissions ($1,360 per month), in reality I had only 1 month paid. I got embarrassed a few times by introducing AXA as a "full financial service" company (exactly what we were told multiple times and how AXA is introduced), but in reality the PEP Associates are set to sell ONLY insurances and annuities - no training and access to LPL. As Financial professionals we are supposed to work in the best interest of our clients. I was pushed to do replacements and fussed when I refused to do it. If you are still considering AXA career, be prepared to pay for EVERYTHING out of your pocket and good luck to you!!!

1.0
Jul 31, 2015
Recommend
CEO approval
Business Outlook

Pros

-Ability to set your own schedule -Essentially starting your own business with little to no oversight and direction

Cons

Simply put, do NOT work at AXA Advisors. Let me start off at the pay structure. There is no base salary, whatsoever. This is ridiculous for a recent college grad with little to no savings. On the same note, you have to front the money for your tests (series 7 and 63/65/66) where EVERYWHERE else will actually pay for it. That is a lot of capital input for little reward. Next up: the support network. None. Reimbursements: AXA does not reimburse you for anything. Nothing. This is the only job where I had actual negative cash flows. All in the name of "starting your own business" which is such a joke in itself since most of your actual revenue will be split up amongst the higher members of your team (after you do all of the work sourcing the clients but the "big guns" come in for the close). On average, you are making far below minimum wage and the actual probability of success is fairly low. If you really want to try to battle it out and have a career in wealth management, then try Private Client Services at a bank or work at a RIA. In summary, do not work here unless you are super SUPER desperate and you literally do not have any other options.

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