Equitable Advisors reviews

3.7

64% would recommend to a friend

(2,517 total reviews)
avatar

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 2,517 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
2.0
Feb 24, 2021
Recommend
CEO approval
Business Outlook

Pros

The branches are split up into teams, so it's easy to get to know everyone. Most people are energetic and hyped up for the day. Lots of meetings, check-ins, and competitive spirit. The leaders are cool and very friendly & knowledgeable. Everyone was easy to talk to.

Cons

Before you get to the office, they don't tell you how long each day will be or give you a good outline as far as what you'll do day-to-day (training, meetings, etc.) and seem to make things up as they go along (probably due to the company rebuild). Be prepared to dedicate most of your time to the job. Training is difficult to go through because you have a "lesson" with each person on your team, meaning that there's room for contradiction and incoherence. In my case, it seemed like everyone had very little time for me and didn't prioritize my training so we constantly rescheduled or they would forget. Some people missed out on some training completely. You also don't get paid anything besides a small bonus until you contract. It is a lot of work for little pay off until then.

2.0
Jan 12, 2021

Complete Joke

Recommend
CEO approval
Business Outlook

Pros

The managers seemed to care a lot about you--until you found out they make money off everyone hired and take a percentage from all the clients you bring on at the beginning. Training was in depth.

Cons

Everything from the initial interview sounded great. The manager interviewing me explained the difficulty of a financial advisor and I knew that it's not a cake walk. However, they told me (and the other individuals I started with, who BOTH quit) I'd get a base salary plus commission. My thought was I'd be able to keep my head above water and pay bills. Before getting hired you have to pass the Life and Health exam and SIE. You then start in office and be prepared to call all the people you know the first day and set meetings up for their pyriamid scheme. While in office and setting meetings and training you will also have to pass the Series 7. Until you pass your Series 7 you CANT sell any securities, only life insurance. Not to mention that you will only be getting paid $300 measly for the first week of training, and after that you better hope you are selling insurance to your family members! You won't be making any money for several months. There's a reason there are several young, fresh out-of-college individuals that start here and it's because they don't know anything about the workforce or know better. PLEASE don't fall into this trap. The entire Independence, Income, Impact might be a reality for financial advising, but I'd rethink doing that with this firm.

3.0
Sep 3, 2020

Financial Advisor Review

Recommend
CEO approval
Business Outlook

Pros

- My manager was very helpful and was there to support me throughout my time there. - All of the other employees were super friendly and it was a fun environment to be in. Still very good friends with a number of people I met there.

Cons

- The payment structure isn't very transparent. You're either choosing between a fully commission-based salary or a base salary of around $25,000 with all commissions cut in half. -You need to earn all your licenses before you can start to earn money - Your job revolves around "building your own practice" which comes down to cold calling. You'll be cold calling most of your days

Viewing 121 - 123 of 2,517 Reviews

Glassdoor has 2,909 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.