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
1.0
Aug 18, 2023
Recommend
CEO approval
Business Outlook

Pros

You can get sponsored for LA&H, Series 7, 63, 65 exams. That’s it.

Cons

This company hires young, usually recent college graduates, to sell unsuitable financial products to friends and family. The answer to EVERY financial goal is an annuity and the entire company only cares about commissions, not suitability. The turnover is insanely high and management is incompetent. Do not work here. It’s not a resume builder, it’s a black eye.

2.0
Mar 30, 2023
Recommend
CEO approval
Business Outlook

Pros

there are many young individuals to work around - everyone is very nice - autonomy - flexibility

Cons

-technology, no laptop for the first 90 days until you contract. shows how many people make it out of the first 90 days - once you get through the attrition period - you are thrust into a very weak training schedule where they talk about how to sell annuities, nothing else - you have to pay for everything yourself, office space, your technology, licensing, CE credits, your own office supplies like pens, sticky notes, sign here, postage, FedEx/UPS (they have a corporate login you can use but you pay for everything) - there is no direction, they pose it as freedom and autonomy but imagine starting a new job and everyone just lets you go do what you want, you have no idea what you are doing - pay is abysmal, you would be better off working for a local bank branch or schwab or fidelity to start, at least there you get benefits right away, no contracting period and you don't have to beg friends and family to buy the flavor of the month at Equitable -kind of similar structure to a pyramid scheme, once you contract your manager gets a bonus (large btw) and then for every case you find, you have to put them on for 10-25% if you do all the work yourself, if they help they take 50%! - i worked off only commission which was nearly impossible with the state of school/municipal building access given the recent events at schools the last 8-10 years, it is so difficult to make money on your own, and if you do you have to give a chunk to someone who hired you! -not for everyone, some people love cold calling (only met about 2 people) and that is all you are going to do - industry wide, this company is not highly reputable

1.0
Oct 4, 2022

Paying for mistakes years later

Recommend
CEO approval
Business Outlook

Pros

Get to set your own hours

Cons

Just recently saw that (formerly AXA advisors) owes $50mil in lawsuits to SEC. Now I’m getting calls from their debt collectors saying I owe money for commissions already paid out over two years ago. Fraud of a company don’t waste your time.

Viewing 157 - 159 of 2,517 Reviews

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