AXA Advisors Reviews | Glassdoor.com.au

AXA Advisors Reviews

Updated 21 May 2017
199 reviews

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3.0
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
39 Ratings

199 Employee Reviews

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Pros
  • It is true that you can make a lot of money right out of the gates (in 17 reviews)

  • Ability to make A LOT of money (paid for what you do) (in 16 reviews)

Cons
  • No base salary until you make 15 applications and/or 3,000 PCs (production credits) (in 21 reviews)

  • This of course is after you have recruited your friends and family to the company (in 21 reviews)

More Pros and Cons

  1. "good career with tons of dedication and some luck"

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

    I worked at AXA Advisors full-time

    Pros

    great learning experience (finance, entrepreneurship, sales, etc)

    Cons

    difficult to find answers; proprietary business sales pressure

    Advice to Management

    a happy, supported employee leads to a healthier, sustainable business for everyone


  2. Helpful (2)

    "Great potential for long-term career if you're willing to put in the work.."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant in New York, NY (US)
    Former Employee - Financial Consultant in New York, NY (US)
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    -Running your own schedule: You set your own hours but its a very competitive field so if you're not working 50+ hours a week in your first two years you won't make it for long. If you put in the hours and see enough people, you're bound to get some good clients.

    -Uncapped Income: For most advisors, you're going to come across a few clients that close big cases for you and you earn big commissions. Truly uncapped but again depending on how much work you put in, and how lucky you get, to come across such big cases.

    -Plenty of resources: AXA does give you the tools to succeed but they won't hold your hand the entire way. It's up to you to go out and do the market researching, lead generating, and all other types of income-generating activities that takes for you to succeed. If you're self-motivated and can manage yourself, you're going to do great.

    -Great environment: My team was great and we all got along very well. I made very close friends in the time I was there. My team would plan team-trips once in a while just to hangout outside the office, and the company itself provides company-trips for those who qualify.

    -Location: I worked in the midtown Manhattan branch and the office was very nice. Many companies close by to prospect at, many good food choices, and access to all types of trains. When clients would come over for a meeting they mostly would compliment the nice reception/conference room area.

    -Long-term opportunities: You truly set your own future here. If you want to be just an insurance agent then you can focus on insurance and make a great living. If you want to be just an investment advisor then AXA offers great funds through LPL Financial (it will just take you a while to build your book). You can become a manager after a couple of years and train people. The choice is yours, just make a decision and commit to it if you want to last.

    Cons

    -Your entire income is through commissions. If you stop working hard and stop prospecting, then your income will show in a month or so when the business starts slowing down. This can be an issue if you don't have any savings on the side.

    -Negative Commissions: Most of the commission you take on life-insurance products are "paid up" commissions, which means that they are paying you a year's-worth of commission upfront in anticipation that the client will keep paying their premiums as they promised. If the client does not pay most of what they promised, then AXA will take back what they paid you in commissions accordingly. This can be an issue if you close a $5,000 commission client, then 6 months later the company tells you that the client stopped funding their policy and now you're in a hole of $3-5K with AXA and they will take it off from your next commission until its all paid off. Again, if you're not prospecting constantly, and managing you existing clients, then you're gonna find yourself in some tough situations.

    -Big push for insurance products: AXA is a financial firm with a strong focus on insurance (life, disability, long-term care, variable annuities, etc.) If you're not selling insurance products then your not making a lot of money.

    Advice to Management

    Focus on training agents better on whats going on in the markets. Insurance is very important but its only a piece of financial planning.


  3. "good company on the global scale"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    The company helps you get up and running with licensing and training. The company has some top-notch products and is stable.

    Cons

    The focus is on Life insurance and Annuities for young reps, financial advising training is only for Annuity products. Many coworkers have a what's in it for me attitude and some will not interact with you until you make it and are around for a few years unless you do "joint work" splitting commissions. They want you to sell to your family and friends just like any other Life insurance company. If you leave the "joint partners" usually get all your family, friends, and clients that you brought to the company.

    Advice to Management

    Support staff, well you get what you pay for I guess. The support structure needs to change for new sales employees to succeed past year 3, just because people stay for 3 years (on subsidy) does not mean you have a low turn over rate.


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  5. "advisory intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Data Analyst in New York, NY (US)
    Former Intern - Data Analyst in New York, NY (US)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    really no pros i can think of

    Cons

    repetitive work, just copy and paste


  6. "Abt to start working there"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    seems to have good potential to help people while making a good living

    Cons

    long hours and a lot of hard work


  7. Helpful (2)

    "Sales job"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Representative in Los Angeles, CA (US)
    Current Employee - Registered Representative in Los Angeles, CA (US)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at AXA Advisors full-time

    Pros

    The employees are all great, the senior employees are very helpful, and the hours are very flexible. Also the company events are cool

    Cons

    It's a sales culture because most of your salary is based on commission which incentivizes you to sell products and service


  8. Helpful (1)

    "Financial Advisor"

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

    I have been working at AXA Advisors full-time (More than 10 years)

    Pros

    flexibility and unlimited income potential

    Cons

    low income in year 1-3, little practical support, poor culture


  9. "review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at AXA Advisors full-time

    Pros

    great company , good product as

    Cons

    lacking proper training and mentor programs

    Advice to Management

    Train your trainees ...without fleecing them of their commissions


  10. Helpful (2)

    "Not really worth it"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Los Angeles, CA (US)
    Former Employee - Anonymous Employee in Los Angeles, CA (US)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at AXA Advisors part-time (More than a year)

    Pros

    Learn about actual financial products, see accounts in action, work with people with good sales skills

    Cons

    Outdated IT system/database, cold calling, doing other people's paperwork


  11. "registered representative"

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

    I worked at AXA Advisors full-time

    Pros

    great environment, co-workers will help

    Cons

    limited exposure, not much marketing


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