AXA Advisors

www.axa-equitable.com/axa/careers/axa-advisors.html
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AXA Advisors Reviews

Updated 21 April 2015
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3.1
372 Reviews
Rating Trends
Recommend to a friend
Approve of CEO
AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
105 Ratings

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)

  • Creating your own work schedule/ Flexible Hours (This is not a 8-5 job) (in 14 reviews)

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

  • I would suggest buying a book of business, starting from scratch can be daunting (in 6 reviews)

More Pros and Cons

Employee Reviews

Sort: Popular Rating Date
  1. Financial Advisory

    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at AXA Advisors

    Pros

    Learn more about the insurance industry, products they offer and the trend in insurance industry

    Cons

    Limited access to other departments

  2. Advisor

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

    I have been working at AXA Advisors

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Flexability in making your own hours.

    Cons

    Building a business, takes time and money.

  3. Helpful (2)

    Financial Representative (RBG)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at AXA Advisors full-time

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    A really good set-up to build a client base and obtain large numbers of clients quickly.

    Cons

    Very salesy. Obtained low new-worth clients that were very un-educated and difficult to deal with.

    Advice to Management

    Tell prospective employees about ALL requirements and fees they will be charged.

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Tough start up

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

    I have been working at AXA Advisors as a contractor (More than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    You have to get your series 7, 66, and life/health license
    They reimburse you for the tests after 6 months
    Potential to make a lot of money
    They offer strong financial platforms
    Office atmosphere is great

    Cons

    You have to front all the money for your certifications
    It's either 100% commission or salary/half commission
    Expenses are high (they pay for nothing!)
    Management is terrible and so is training. Their training just consists of pitching life insurance to your clients. its the same thing over and over
    Everyone just cares about themselves/lots of competition
    If you can't produce a lot then don't take this job. You will have more in deductions in your check each month then you will be making
    Most importantly you have to validate to keep your job! if you aren't producing enough then you could lose your job

    Advice to Management

    Fix the training program. Training should cover things that people in there first couple years need help on like different yellow pad techniques, how to properly fill out paperwork, especially transfer paperwork for other companies. Not focusing on Pension Max or advanced things with life insurance.

  6. Advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY (US)
    Former Employee - Anonymous Employee in New York, NY (US)

    I worked at AXA Advisors full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    A sales job with decent earning potential. Access to full brokerage outside of insurance/annuities. Reasonable sales goals.

    Cons

    Passes on (forcefully in some cases) literally every cost you can imagine to the advisor. Completely opaque compensation structure that is extremely time consuming to track to see if the company is stealing from you after passing on every cost. Useless middlemen/whole saler types in a company filled with middlemen.

    Worst of all, as a Life Insurance Company, the only universally loathed department within the company is AXA's very own underwriting/national operations life insurance processing unit.

    The company itself may profit from some of the "tools" it "provides" (charged to the advisor)

    Advice to Management

    Take all that money you are wasting to hire cronies, hacks, and the worst kind of middle manager and hire more underwriters and staff that have more than just a pulse and alleviate some of the cost burdens to the advisors.

    The lack of any formal HR of any kind and organizational controls (protecting the advisors) may haunt you in the form of a class action law suit for breach of labor laws.

  7. Helpful (1)

    Must be extremely driven to succeed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Financial Professional in Bellevue, WA (US)
    Former Contractor - Financial Professional in Bellevue, WA (US)

    I worked at AXA Advisors as a contractor (Less than a year)

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

    Pros

    - Earn Series 7, 63, and L&D Insurance Licenses in first few weeks
    - Potential for growth and large financial gains
    - Compensation reflects performance

    Cons

    - Not paid for first 2-4 months
    - Must pay for own exam fees and study materials
    - Insurance company so managers push insurance onto clients
    - Start at 50% commission & 24k salary, so conflict of interest with clients

    Advice to Management

    Don't hire as many people and focus on a more select few of qualified and driven individuals. Team managers don't have enough time to maintain own business and train team members.

  8. financial advisor

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

    I have been working at AXA Advisors full-time

    Pros

    Potential to make money is high, can really own your own business and be an entrepreneur

    Cons

    Making any money can take more than 6 months, market is saturated, LOTS of cold calling

  9. Good Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Falls Church, VA (US)
    Current Employee - Financial Advisor in Falls Church, VA (US)

    I have been working at AXA Advisors full-time (More than a year)

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Flexible schedule, You have full power to ensure your success. The potential is great if you work hard.

    Cons

    No salary. The benefits here are poor

    Advice to Management

    Have more call lists and programs so the fresh associates can succeed

  10. Financial Professional

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Anonymous Contractor in Troy, MI (US)
    Current Contractor - Anonymous Contractor in Troy, MI (US)

    I have been working at AXA Advisors as a contractor (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great training for those entering the financial service industry.

    Cons

    Lack of true office support.

    Advice to Management

    Provide true office support for it's financial professionals.

  11. Great company if you like sales

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

    I worked at AXA Advisors

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    They put a lot of time and effort into you, lots of opportunities for joint work, at least one training per week for new advisors

    Cons

    It's sales so if you're not good at that don't bother. There's a 6 month pre-contract period where its' 100% commission based so unless you have a strong support at home you're going to struggle financially. I'm talking weeks without a paycheck or if you finally get one it's like $200. Also, your manager has his team plus his book of business to worry about so unless you're working on a big case it's going to be hard to get them to run appointments with you. And don't think this is a normal 9-5, I was working crazy hours. Like leaving my house at 6 and getting home around 8 or 9.

    Advice to Management

    Make your schedule more open so you can run with your team.

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