Equitable Advisors reviews

Equitable Advisors has a business model designed to scam prospective advisors and ignores all business and industry ethics when dealing with prospects and clients. Both local and national sales leadership repeatedly insist that managers take advantage of candidates for employment by leading them on until their contacts are known in order to become clients of your own. It was said repeatedly that it doesn't matter if a candidate is ultimately successful as we will either take their contacts or they will succeed and pay up the pyramid to us as managers anyway. We were coached in the interview process to tell someone that has good connections "anything they need to hear to get them on board". Regarding the treatment of clients, they are no better. On multiple occasions I heard senior leadership say that Regulation BI only matters after you as an advisor get paid. This is a blatant disregard for an advisor's legal and ethical responsibility to the client.

Zero structure, zero training, zero support or help. They basically make you pay for your own background check and licenses, then make you call everyone you’ve ever met to try and get them to invest at Equitable. They say it’s a fiduciary but all the do is try and sell them annuities. Then after you’ve convinced any family and friends to invest they give you a Zoominfo login and have you make cold calls every day u til you hate your life. Basically tell you to lie on the phone and say they do financial planning when in reality it’s just convincing people to buy annuities or permanent life insurance. If you are new to the industry please do not work here. It will set your career back 6 months or more. Find a firm with a junior advisor program. You will reciente almost no training here and won’t make much money if any unless you’re from a well off family or have wealthy friends willing to move their investments over. Meanwhile your team leader takes a cut from all of your work and does nothing to help.