AXA Advisors Reviews

Updated 9 October 2014
Updated 9 October 2014
296 Reviews
3.2
296 Reviews
Rating Trends

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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
80 Ratings

Review Highlights

Pros
  • You can make a lot of money if you are truly dedicated and passionate about the job (or about the money) (in 8 reviews)

  • Salary, plus commissions flexible schedule and the opportunity to meet different people everyday (in 13 reviews)


Cons
  • No base salary, heavy sales focus, no formal training (in 8 reviews)

  • And its commission based salaries for the most part so good luck building up that book of business to gain a decent earnings (in 6 reviews)

More Highlights

88 Employee Reviews Back to all reviews

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  1.  

    Tons of calling, 60+ hours per week necessary for new advisors

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Advisor in Miami, FL (US)
    Current Employee - Financial Advisor in Miami, FL (US)

    I have been working at AXA Advisors full-time (more than 5 years)

    Pros

    Unlimited earning potential, flexible schedule (get what you put in), growing need for the industry, "be your own boss"

    Cons

    Very long hours needed to succeed, hundreds of cold calls per week to get going in the position, no one is interested in what you do for a living, career carries a bad reputation

    Advice to ManagementAdvice

    Stop pushing new reps to sell friends and family first. No one benefits in the long run unless that advisor stays in the industry

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  2.  

    3.5 Rating at Best -- Coming from a once dedicated worker and AXA advocate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Consultant
    Current Employee - Financial Consultant

    I have been working at AXA Advisors full-time (more than an year)

    Pros

    Great benefits. Salary for the first few years of building your client base. Wonderful management support in Texas. Young group of workers with personalities that mesh well. Great culture overall. Great support team to help you get service work and paperwork completed efficiently. Only in office for maybe two days a week within the RBG group. Otherwise, out in the field prospecting new clients. Has been a wonderful experience and great start to career to gain industry experience and open up doors to new opportunities. Great sales experience. RBG is encouraged to meet new leads face to face rather than cold calling. Developed experience in financial planning that will help with personal future goals, savings and investments. Great company products across the board.

    Cons

    Have to be extremely dedicated because a lot of times the negatives outweigh the positives in the first 5 years. Have to be a hard worker to get where you want to be in your career and to succeed a lot quicker than most.

    They nickel and dime you from the time you contract on. At different increments in your career you start having to pay for new things: software, E&O insurance, state insurance licenses, continuing ed credits, FINRA service fees, and more. They also never give you a heads up when new items will start being deducted from your check, you are just shocked one day when another $100 comes out of your check per month. After two years, I now have $700 coming out of my check not including med benefits. This is fine as long as your market isnt saturated and you're consistently selling.

    After two years and several additional starting advisors come on board, you begin to feel a little bit like a number. Management support falls off a bit and they almost seem to want to help the new people succeed at that point rather than the veterans with experience but still havent made it to their 5th year yet (so they still need help).

    Dont even think about taking time off. When you take time off, you dont get paid. And if you're having trouble making ends meet anyway then theres no way you'll be able to eat the next month. (When you sell a product in one month, you dont get paid on it until the next month.) So if you like to spend time with your family, friends, or take trips better think twice about this position.

    Advice to ManagementAdvice

    There needs to be different contract options available that help with each person's different situation. May be beneficial to review contract relevance at each year end as well. Some may not be ready to force 100% commission after just two years in the business. In RBG, if advisor is working in a colder district, it may have taken them longer to get to a comfortable position to be able to jump onto 100% commission. So evaluations at each year end may be the best way to determine readiness.

    Bonuses are wonderful. However, during second year, you receive the 12 month bonus and then have to wait 12 more months to receive another bonus (instead of 6 months). A bonus every 6 months needs to be put into place, especially with how much in expenses the company takes out of our check in that second year, and with the second year being the hardest in the business...hence, "Sophomore Slump".

    Lastly, when an employee expresses a need, you better listen....or else you will find yourself without that employee. In my case, you would be losing a really hard worker, team asset, who just got tired of the politics.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3. 3 people found this helpful  

    Advisor

    Former Employee - Financial Advisor in Cleveland, OH (US)
    Former Employee - Financial Advisor in Cleveland, OH (US)

    I worked at AXA Advisors full-time (more than an year)

    Pros

    Schedule Flexibility, sales training, professional atmosphere. If you are entrepreneurial, and disciplined, and focus on the proper activity to build a network of prospects and centers of influence you may succeed over time.

    Cons

    You eat what you kill. Not for those who are there to kick the tires. Your either all in, or all out.

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  5. 1 person found this helpful  

    Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Dallas, TX (US)
    Former Employee - Financial Advisor in Dallas, TX (US)

    I worked at AXA Advisors as an intern (less than an year)

    Pros

    Very family-oriented company, great Work Life Balance, everyone was so nice

    Cons

    Lack of professional training, high turnover, no base pay for entry-level employees, not very interesting job

    Advice to ManagementAdvice

    The management themselves were capable, but needed to deliver the excellence effectively to their subordinates

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6.  

    Internship

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AXA Advisors

    Pros

    Great training experience, good staff, fun environment

    Cons

    zero on the job experience

  7.  

    Working with AXA

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Consultant in Los Angeles, CA (US)
    Former Employee - Financial Consultant in Los Angeles, CA (US)

    I worked at AXA Advisors full-time (more than an year)

    Pros

    open architecture, competitive products, starting base salary plus commission. Flexible schedule but the more time you put in the more you'll get out of it.

    Cons

    No brand awareness, Lack luster management, lots of traveling

    Advice to ManagementAdvice

    Work with new hires and provide dedicated time to help them build.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Inside AXA Advisors - Simple Overview

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Consultant - Sales Force Associate in New York, NY (US)
    Current Employee - Financial Consultant - Sales Force Associate in New York, NY (US)

    I have been working at AXA Advisors full-time (more than an year)

    Pros

    Good Support, Good Managers. Great group of people!!!!! Everyone gets a fair shot at the prize and is treated equally. Management goes above and beyond to improve sales!

    Cons

    No guarantee you'll find the High-Net-Worth clients you'll need to have a Job. Long start-up, unless you have access to wealthy contacts. Very difficult for anyone in need of a livable salary for first 1-3 years; benefits of making great money should kick in by year 5, but you do starve in the beginning and you pay for everything yourself!

    Advice to ManagementAdvice

    No advice to give management, as they've stated, "We know everything!"

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Good company to work at and Great team members! Must learn to adapt to change.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at AXA Advisors

    Pros

    Great team members! Great benefits throughout. Company has been around since 1800's and global.

    Cons

    Have to be able to be capable and adapt to change.

    Advice to ManagementAdvice

    Acknowledgement goes a long way...positive or otherwise.

  10.  

    People are very happy and help each other.

    Current Employee - Financial Advisor in Minneapolis, MN (US)
    Current Employee - Financial Advisor in Minneapolis, MN (US)

    I have been working at AXA Advisors full-time (more than an year)

    Pros

    A lot of potential and a lot of freedom. Work hard and make a great living or just try to do it and flounder, it is your choice.

    Cons

    The public is very smart and savvy on how to avoid salespeople, you need to be very creative and genuine.

    Advice to ManagementAdvice

    Keep up the good work

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Success depends entirely on you

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Consultant in Los Angeles, CA (US)
    Current Employee - Financial Consultant in Los Angeles, CA (US)

    I have been working at AXA Advisors full-time (more than an year)

    Pros

    Create your own schedule
    Control your success
    Flexibility
    Incredible earnings potential
    One of the few companies that will hire you even if you don't have a series 6 or 7 and will sponsor you for the test.

    Cons

    100% prospecting and sales oriented.
    Must have a large natural market and be willing to tap into that market or be willing to spend an extraordinary amount of time prospecting (cold calling, canvassing, networking).
    Can take a while before commissions start rolling in.

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