AXA Advisors

  www.axa-equitable.com
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AXA Advisors Reviews

Updated 14 August 2014
Updated 14 August 2014
282 Reviews

3.3
282 Reviews
Rating Trends

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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
77 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)

  • Flexible hours most of the time (in 13 reviews)


Cons
  • No base salary offered in Manasquan (in 8 reviews)

  • Sell to family and friends" marketing mentality (in 6 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    This is where you want to be!!!

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

    Pros

    Great Training Programs
    Management team is elite
    Growth potential is astronomical
    Set your own hours
    Help is always just a phone call away

    Cons

    Long hours but the compensation makes up for it
    For the self starting, determined, hard working individuals only
    Difficult for individuals who may need "immediate" compensation

    Advice to ManagementAdvice

    Keep doing what you are doing!!

    Recommends
    Positive Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Good Learning Experience

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

    Pros

    Flexible Schedule, Make your own hours, great coworkers

    People I worked with were very friendly and helpful when asked a question.

    Cons

    Very sales driven, which is not what I expected. Lots of pressure to hit minimum 'numbers'.

    Typically long hours, and not much emphasis on work/life balance.
    Lots of fees associated with running your 'business'.

    Advice to ManagementAdvice

    Be more upfront about job expectations and during interview process including fees and expenses, amount of time spent in field, income expectations.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 2 people found this helpful  

    Horrible! Full time job with part time job pay.

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

    Pros

    None! Wasted time and $$ ( it is very expensive to work for AXA, as they charge you for everything from licenses transfer to new business cards, to number of copies you print using their very, very old computers.

    Cons

    Everything, from dumb management, lack of meaningful support to new agents, to obsolete technology in use.

    Advice to ManagementAdvice

    Resign!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 2 people found this helpful  

    Employment requires more luck than hardwork

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

    Pros

    *Free to set schedule (most of time, if traditional, or non-RBG group)
    *Easy to join even with no finance background; may help you get experience other firms need before they'll consider you.
    *Online training and frequent branch training (though sometimes too frequent).
    *Cumulative quotas means, if you are lucky, one big case can set you ahead for years. (Though falling behind can also make the next "validation" period much harder.).

    Cons

    *High turnover rate - majority stay less than a year; better (or luckier) offices keep maybe 25% of new hires past 4 years, though a lot retain less than 5%.
    *Rigid quotas (Contrary to popular opinion, they CAN make AN exception once if you miss the deadline however it's VERY rare. Even if you do, you must make up the missing production on top of your next quota or else.)
    *Sure, can set own schedule, but new "advisors" should expect to spend 80% or more of their time as a telemarketer/mailbox stuffer if you want to stay expect 80+ hrs/wk unless you have a lot of rich friends/family or if you pay for an assistant.
    *Cannot retain clients upon leaving. Your accounts will eventually be given out in orphan call lists for other new hires to telemarket. (Note: Plenty of firms do not put a non-compete in their contract.)
    *Even if you close more life sales than your peers, a string of bad luck could cause every one of your cases to be rejected by underwriting.

    Advice to ManagementAdvice

    Branch and district managers: Thanks for the training and all your support the past three years.
    Divisional/national VPs: While quotas are necessary to maintain the bottom line, consider giving un-validated DSF/ESF an option to stay if they pay for their office space/expenses. Thus, those destined to fail no longer suck company resources and those who simply had really back luck with underwriting don't become a competitor with intimate knowledge of AXA's market.

    Neutral Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Grinding sales role

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

    Pros

    People are great and the managers are all incredibly smart and talented.

    Cons

    long hours, 8 to 8 everyday, cold calling is what you'll spend 80% of your time doing.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Financial Professional

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

    Pros

    You can make a lot of money if you are truly dedicated and passionate about the job (or about the money). There are some cool people that work here as well and I've made some really awesome friends.
    -Certain managers are very good and you can learn a lot about sales from them.
    -Company trips if you qualify (and want to spend your vacations with people you see everyday.)

    Cons

    All commission, you WILL cold call unless you have some connection somewhere dealing with municipalities for example becasue you have an in there. They may try to tell you in the interview that you don't have to but really almost everyone who starts thats what you are doing.
    -The company does not give you much to work with. They don't give you leads, you have to find them yourself for the most part. They don't give you a computer, or any perks such as free food etc.
    -Long hours are expected even though they tell you your are the CEO of your business...makes zero sense. Especially since you're on 100% commission.

    Advice to ManagementAdvice

    -Hire people you know will succeed, not just any person because even if they fail you can make a couple bucks off of them.
    -Be truthful about the job. Don't have kids going to study for the series 7 for two months and come in there first day and quit because they were misled

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Position was not as good what was sold

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

    Pros

    Flexible hours most of the time

    Cons

    training not so good, more product focused verse how to reach out and build practice.

    Advice to ManagementAdvice

    try training your new reps. for success

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 2 people found this helpful  

    Working as a Financial Advisor was a great way to get licenses, and a LOT of headaches.

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

    Pros

    Fairly easy sales quotas, reimbursement for licensing (and thats it) . Lots of turnover means they hire almost anybody.

    Cons

    Terrible managers in the entire WLA office. New hires are brought in to sell to their families and friends and then dumped.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Good Learning Experience for a salesperson

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Professional  in  San Juan, PR (US)
    Former Employee - Financial Professional in San Juan, PR (US)

    Pros

    My specific supervisor didn't micromanage, I had a lot of freedom with my time, there was a lit of training mostly on thei products and marketing strategies.

    Cons

    Commissions are not as good as other companies in the industry, it actually costs money to work for them, benefits are not very good and you have to pay for most of them.

    Doesn't Recommend
    No opinion of CEO
  11. 2 people found this helpful  

    RBG may seem like a good niche but doesn't compensate enough

    Current Employee - Financial Advisor
    Current Employee - Financial Advisor

    Pros

    Besides management, almost everyone else is new so people are very friendly with one another. Even if new to the financial field, you learn a bit about it.

    Cons

    It takes a while to do any real business. They want you to first start off with family and friends. It may seem that's part of their strategy because they help you sign them up, and get a % of the commisssion, but won't help you to acquire any new business.

    Doesn't Recommend
    Neutral Outlook

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