Equitable Advisors reviews

3.8

68% would recommend to a friend

(2,516 total reviews)
avatar

Mark Pearson

84% approve of CEO

67% positive business outlook

Equitable Advisors has an employee rating of 3.8 out of 5 stars, based on 2,516 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
Mar 17, 2010
Recommend
CEO approval
Business Outlook

Pros

If you're a cold calling machine...prepare to be a millionaire! Of the less than 1% who make it successfully the contracts and comissions are some of the highest in industry. They have joint partners and experts in all types of planning. They have advisors and offices everywhere! The experienced advisors are some of the best planners in the industry,very professional and polished. Great place for advisors who come with a market already and can easily achieve goals,you will make more money here.

Cons

Poor management Pre contract period where you give all your natural market with no comitment from axa No pay..at all...must put up over $500 out of pocket for exams.. Spray and pray environment........interview 1000 people...5 crazy people join..cold call till you die..see dozens come and go..demoralizing... Stressful environment with management breathing down your neck for calling hours, 15 appts etc.. If you do not raise between $3k to $7k in first 6 months...you're most likely done..and they keep your natural market will be passed on to another senior adviser..they claim work hours are flexible..but expect you there 8am to 8pm every day of the week..including Saturday... Many other companies are far more competitive than Axa in terms of initial compensation and you can get a contract right away somewhere else...people do not buy companies..they buy you One of the worse places for new people to start as an advisor

2.0
Mar 10, 2010

Soulless

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

You can make a lot of money if you are good at selling. However, the group is very performance-focused, and is more than willing to pass you on and move down the line.

Cons

It is soulless. Unless you're really in it just for the money, don't bother. You really are not likely to enjoy your experience. WIthin two days of starting work there, I had been asked about a dozen times if I really wanted that job. Seriously, don't bother.

2.0
Mar 1, 2010
Recommend
CEO approval
Business Outlook

Pros

Flexible hours - except be ready to work evenings (to meet clients and for training) which can lead to working 12 hours or more a day.

Cons

The start up cost is too high. They promise to pay your licensing fees, but you have to chase people to refund anything. They concentrate on variable products, when they should also concentrate on fixed products as well. They want you to sell their products and not other vendors - because if you do you are paid less commission -underlying product driven scheme. This company is for someone who has been in the industry and has a full client list already - but be warn. Once you leave, you do not take those clients back 'cause they make you sign a contract and you cannot even call them for over one year.

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Glassdoor has 2,908 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.