Equitable Advisors reviews

Do you want to sell life insurance to your friends and family and awkwardly walk through public school hallways to sell 403(b)’s to teachers? Well if you do, this is the place to do it. If not, you align with the rest of the most helpful reviews on this forum that truly highlight the nature of this company. The other high rated bogus ratings on here inflate the 3.9 star review. Read below if you want to know more: Equitable pitched the job on my LinkedIn page as an advisory role where you would build a book of business and be provided leads to help your clients receive the attention needed to secure their financial goals and futures. The people who do end up making money in most cases do so selling to people they trust: family and friends - a common practice in the industry. Oh and also, the commissions you make from selling to your “warm” market you will have to split with your branch’s regional vice president. This role is pitched to have a good work-life balance but in reality you’re going to have to put in 80-90 hour weeks if you want to make something out of this…which in most cases in is getting a base salary 24K with some commission or full commission model. The tech support is horrendous – the Windows 365 which leads to a privately secured Equitable portal is slow and outdated. You won’t receive a company laptop until you generate $3000 worth of product sales in order to move from what they call a “pre-contract” onto a full contract. The list goes on. I attended a company lunch to get a sense of things before I started actually going to the office and all the managers admitted to the things listed above. Save yourself time, get the licenses if you already started doing so (Life health annuities, SIE, S7, S63/66) and then leave.

At first they tell you this is an amazing opportunity and show a six figure range for how much you "might" get payed if you're a top performer. Then they tell you to take a few tests, easy peasy. Once you get into it you first need to get your state Insurance certification. You need to pay a separate college for the class, easily 80 hours of unpaid studying, take your test and IF you pass you move on to your SIE. Your SIE is another couple hundred $ for all the study materials, another couple hundred hours of studying all the material and a more money to schedule and take your test. Finally your Series 7 is the big one. Another couple hundred for all the study supplies, ANOTHER couple hundred hours of studying and $200 charge just to take the test. You can only fail it once before having to wait 30 days to take it again and even longer if you fail that one, $200 charge for the test every time. I spent the greater part of a year after graduating college being strung along from these people. They partially cover your expenses, then after your SIE send you One (1) $350 check for all your hard work before working on your S7. The recruiter/manager was not truthful about all the work that goes into getting your certifications, and all the hours after.