Very unethical. - Financial Professional Equitable Advisors Employee Review

1.0
19 Feb 2010
Recommend
CEO approval
Business outlook

Pros

Freedom to work how and when you want. Very little to no micro-management. Incredible amount of earning power if you stick with it 5+ years or have people working under you.

Cons

The interviewer completely misrepresents the position as being a financial advisor that helps people with their finances. In reality you are a sales person that will end up mainly selling life insurance to people who don't need it. Very unethical sales strategies. The best way to make money is basically lie (mostly by omission but sometimes outright) about the products features, and if you are an ethical person you will go broke from paying gas and food expenses. No help and very little pay first 2 years. More of a fraternity than office. They call it a multi-level marketing strategy, which are fancy words for pyramid scene. Your boss will make money on everything you sell. Working there will give you absolutely no skills or experience that will be transferable to another employer.

Explore other reviews about Equitable Advisors

5.0
2 Apr 2026
Recommend
CEO approval
Business outlook

Pros

Compensation structure, product availability, brokerage system, overall tools, open structure to do best for your clients

Cons

Support staff are more hands off, not a lot of in house support staff members.

1.0
8 June 2026
Recommend
CEO approval
Business outlook

Pros

Good place for career changers to get financial licenses (they will license anybody)

Cons

Very bad pay model for new hires- will tell you 6% commissions on certain products but then you have to kick up 10% to your manager and the other half of what's left to whoever is working w you because they make you go out in pairs...and mostly seem want to get ahold of all your friends and family for sales you can't participate on without the 66....but you have no time to study that bc you are too busy selling for the products that don't require it to make quota, as your clock starts when you pass the 7, so pretty much they just want your people. It's very eat what you kill, and then only after it's been picked over.... which is fine if you're young with no obligations, but not great if you have a family. If you were an existing advisor and had your own book/contacts it could work. Otherwise get your licenses, learn a little, but don't be afraid to move on to other opportunities.

See reviews by: Helpful|Rating|Date|All