Jun 8, 2021
Fun
Anonymous employee
Equitable Advisors reviews
3.7
63% would recommend to a friend
Mark Pearson
80% approve of CEO
63% positive business outlook
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1.0
Jun 4, 2021
Recommend
CEO approval
Business Outlook
Pros
It can work for you if you are fresh out of college or have no need for income for atleast a year. For example, if you’re living with your parents and have no responsibilities then this is a great learning opportunity. If you’re anyone outside of that, it’s not for you.
Cons
They paint a false picture for you in the interview process. They tell you that you’ll have a base plus commission once you start in office. Then you get into the office and it’s a complete lie. You are 100% commission until you attain certain metrics that take about 10-12 months to accomplish on average. What they’re doing is completely illegal. Also, it’s never a good feeling to be misled by a company.
3.0
Jun 3, 2021
Recommend
CEO approval
Business Outlook
Pros
The team oriented culture under some of the managers makes it, nearly, worth while. Great company to gain financial knowledge. For this, I believe that it's a good starting spot for an aspiring Financial Professional. While you, most likely, wont receive a salary, the compensation schedule is above average in comparison to the overall industry. You receive roughly 44% with a 30% bonus. This equates to roughly 58%. This bonus will deteriorate with time though. Still, this is nothing in comparison to the upwards of 90% that Independent Advisors receive. Regardless, you have unlimited potential in what you can make and can do incredibly well for yourself with hard work, a good natural market, and some luck.
Cons
The focus is on heavy client acquisition and not building a sustainable practice with trails or re-occurring income. High-cost high-commission variable annuities with poorly rated sub accounts are pushed. This is very rarely in the best interest of "your" client. Your is in quotes because your client is really the companies client. You are sold on the position as if you are independently contracted and have the freedom to build and run your practice in the manner that you see fit. This is not the case. You will be expected to put in a minimum of 60 hours weekly, attend numerous company meetings throughout the week, and work weekends. There is very minimal work-life balance. Although, this isn't a knock on the company specifically. More so on the outdated financial industry as a whole, as this is all common practice throughout the industry.
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