Equitable Advisors reviews

3.7

63% would recommend to a friend

(635 total reviews)
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Mark Pearson

80% approve of CEO

63% positive business outlook

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635 reviews

Reviews about "Compensation"

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1.0
Jul 29, 2021

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Recommend
CEO approval
Business Outlook

Pros

Easy to get a job there if you are decently intelligent and can pass your licensing tests. They paid for me to get my licenses which is great.

Cons

Brutal industry, prepare to cold call endlessly or go in person to grovel for money random people. Also really low salary or full commission. Fees are fairly high in their products and performance isn’t great. Those 2 aspects are the main selling points and it’s important to work for a competitive firm on both. Seems like they try to hire a bunch of people new to the industry which allows them to get away with a lot. They came to my school with lofty stories about “I made $250k my first year” because it’s unlimited commissions. They don’t tell you it’s a lot about who you know and getting lucky by landing a big case. If you aren’t, be prepared to live at home with your parents or live paycheck to paycheck. I would recommend looking for a firm with better name recognition, offers a decent salary based on where you live, helps you build your book of business, has a huge list of self directed clients that you can prospect on, and has natural organic growth of their client base. Equitable/AXA had none of these aspects when I worked there but now I work for one of the top 5 brokerage firms and it’s a better experience

1.0
Jul 25, 2021
Recommend
CEO approval
Business Outlook

Pros

You must earn your life, accident, and health insurance license which allows you to learn the nuances and benefits of these types of insurance.

Cons

You will earn ZERO compensation for the hours (i.e. months) spent studying for your insurance license and the SIE. In addition to time spent studying, you’ll have to spend unpaid hours and hours each week going to meetings. Unlike some better companies, you will have to pay for your employee training materials and license exams.

1.0
Jul 24, 2021
Recommend
CEO approval
Business Outlook

Pros

they'll sponsor your licenses, although you still have to pay for them.

Cons

I worked here for almost a year and was lied to from the first interview. I was told I'd have a salary, later found out that I'd be commission only (it was better for my manager if I was commission only). Was told expenses (i.e. gas, Bart fare to see clients etc.) would be covered. This was not the case. Was also told I'd be reimbursed for my tests after I passed, but it turns out you only get reimbursed once you've been there for 6 months. The list goes on and on. This company is as close to a scam as you can get, and is worse than a pyramid scheme. Constantly forcing clients into annuities with high fees knowing that it's not the best decision for the client, but the one that pays out the best. No wonder they rebranded to get away from their reputation under AXA (shocker - they're just as bad with a new name). Employees were constantly pressure (sometimes forced) to write positive Glassdoor reviews, especially after a bad one would surface. I'd be super wary of the 5 star reviews on here, especially the ones that say "all it takes is commitment."

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