AXA Advisors

  www.axa-equitable.com
  www.axa-equitable.com

AXA Advisors Reviews

Updated 16 December 2014
Updated 16 December 2014
317 Reviews
3.3
317 Reviews
Rating Trends

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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
87 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)

  • 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 Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Not a very helpful

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Professional Trainee in Pittsburgh, PA (US)
    Current Employee - Financial Professional Trainee in Pittsburgh, PA (US)

    I have been working at AXA Advisors (less than an year)

    Pros

    The interview process was easy and the Vice President who interviewed was extremely nice.

    Cons

    There is poor structure and you are just left to do what ever you want. There does not seem to anyone keeping track of what you do, this is frustrating.

  2.  

    Not what they advertise it to be

    Former Employee - Financial Advisor in Denver, CO (US)
    Former Employee - Financial Advisor in Denver, CO (US)

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

    Pros

    You have the potential to run your own business if you have the network to do it.

    Cons

    They like to promote the company and working there by talking about their intense training program and their large retention rate. The training program is almost non-existent and all but 1 of the people I started with have since moved on.

  3. 2 people found this helpful  

    Analyst

    • 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

    Pros

    Good Benefits. Okay Salary. Good at hiring from within

    Cons

    not much growth opportunity within the company

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


  5. 1 person found this helpful  

    Don't work here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Registered Representative in Stamford, CT (US)
    Former Employee - Registered Representative in Stamford, CT (US)

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

    Pros

    Will sponsor for licensing so you can move somewhere else and do better. Some good people work here but a lousy culture

    Cons

    No income except for commission, what you do earn is heavily deducted for everything from advertising materials to rent for the cubicle you occupy. Was not given so much as a paper clip.

    Advice to ManagementAdvice

    Pay people and stop charging rent for a cubicle and every other thing an employee needs to make money for AXA

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6.  

    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
  7. 2 people found this helpful  

    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
  8.  

    Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern in Greenville, SC (US)
    Current Employee - Intern in Greenville, SC (US)

    I have been working at AXA Advisors as an intern (less than an year)

    Pros

    -Flexible schedule
    -Diverse culture/backgrounds
    -Friendly office environment

    Cons

    -Unpaid position
    -Cold calling to recruit other advisors
    -Little Interaction with employees aside from other interns
    -No training

    Advice to ManagementAdvice

    Get your interns involved

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

    Not a good place to build your career.

    • 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 as an intern

    Pros

    Good for people who want to get a sense of working in financial services firm. Young advisors are willing to help you develop your career interests.

    Cons

    Poor training system and very high turnover rate.

  10.  

    Can be a good start point of your professional financial advisor career

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

    I worked at AXA Advisors

    Pros

    Great working environment, it's is easy to get involved into the community. Great team atmosphere with co-workers who become friends.

    Cons

    You might get lazy once you do not have any duties. You have to be self-motivated and find out what you really want to do.

  11.  

    Worth it if you can hack it ...

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AXA Advisors

    Pros

    Like any great company AXA has some challenges, but overall it's a great place to work. Excellent training. Great support from my district manager and a good office culture.

    Cons

    It's very challenging to stay motivated getting having to hear the word "no" more often than yes.

    Advice to ManagementAdvice

    Don't let any weak people through the doors ... it doesn't help when I want to be around others who really want success.

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