Equitable Advisors reviews

Please do not make the same mistake I did. There is a reason AXA is a global fortune 500 company, but not a US fortune 500 company. Americans are smart enough to not buy into their lies. You may get a few people who feel sorry for you to buy a policy at first, but then it's all down hill. A few things you should know before working for AXA: no salary, over worked, no benefits, unprofessional managers, and micro managed. Staff avoid any questions about when salary starts, commission, etc until you have invested a thousand dollars of your own money. During the weekly training calls they call people out individually on how little they have sold. I do not know of any other company that thinks embarrassing their employees is effective. A manager who had never met me chewed me out over something I said over the training call with everyone listening. Just one example of the unprofessionalism. You will spend a thousand dollars of your own money, which is not refunded if you do not meet all of their requirements in the hazing phase. They tell you that you will learn about securities, but really they just push you to push your friends and family to buy term life insurance policies because they benefit AXA the most. Definitely be prepared to hardcore sell to all of your friends and family and be ready to lose some friends. They sell you on a dream job, but once you begin they make you feel trapped because of the money you have already invested and cannot get back. They lied about commission, telling me I would receive 100% of what I sold when in reality it is less than 1%. It's a work hard not smart career. The typical pyramid scheme where everyone over you is more concerned about there own book of business than helping you learn and build your own. There are much better insurance companies out there to work for that will actually coach and mentor you. If you want the same experience without costing a thousand dollars I suggest working for another pyramid scheme company that does not start you off a thousand dollars in the hole.

You aren't paid until you pass the 63 and 7, so expect to have enough money to survive without pay for 2-3 months. You have to pay for all licensing ($1200 or so). They use a lot of misleading information while recruiting you, so take everything they say with a grain of salt. You have to pay for literally everything (parking, laptop, office space, postage, etc.) Their business model is to dupe young and ambitious entrepreneurs to sign up their close knit money with AXA's advisers and then burn you out with pushing cold prospecting methods on you once all the warm ones are used up. There's a conflict of interest when advising your friends and family, since the senior adviser that "works" the case with you just wants to get paid up front since they don't know how long you'll stick around. They'll recommend an insurance product that they describe "will work just like any other investment" to line their pockets with a nice commission while your family and friends get stuck in a sub par investment. Big Red Flag: Management won't answer questions that relate to the startup process while brushing you off as wasting time that could be otherwise used to prospect. They don't want you questioning what they're having you do, because it fits their business model of taking advantage of you. The sooner you figure it out, the sooner they lose. It's easy to look at the 3-4 senior advisers making seven figures while working 25 hours. It's not so easy to try and imagine the thousands of bodies that they climbed over to get there. When you're hired for this position, the expectation is that you will fail. Some of the managers will treat this as a weird form of motivation. But think about it, why on Earth would you take a job where you're expected to fail? The managers and sales staff that have been around for more than a year are there because they're PHENOMENAL salesmen and ruthlessly determined people. You will go in to meet with them ready to quit and walk out ready to work a 60 hour week. Insurance is king at AXA. Yes, you might be a wholistic financial adviser here, but at the end of the day, they will teach you to push insurance products, even when there are much better products or strategies available to them.