AXA Advisors, not a job for most - Financial Consultant Equitable Advisors Employee Review

2.0
24 Feb 2010
Recommend
CEO approval
Business outlook

Pros

The flexibility to create your own schedule. The ability to take personal time if needed. Experience in selling financial products to individuals.

Cons

The expenses are not fully disclosed with the exception of buying a computer and testing. Expenses include, testing ($1300, 900 is reimbursed), a computer (1500), workstation access (65 month), gas (easily $150 a month), business cards (30, that's right you pay for business cards!), stationary (30), extra marketing materials (10). RBG planner (25). These expenses are among others and quickly add up. The pre-contract period can be 6 months or greater in which you are not making any money. The hiring process is "churn and burn." They will hire as many people as they can to try to keep up with the attrition. This makes it difficult to get any guidance or training from mangers as they assume you will most likely be gone in a year. They don't have any sort of training orientation for new hires. Level 1 training is offered but some do not go to it until 1 year after their pre-contract date. Your job title should be "prospector," or "insurance peddler." In no way are you Advising or Consulting anyone on their financial affairs. If you find a worthwhile potential customer with assets, then you have to bring in a more experienced associate or manager to close the sale because you have not been trained in product knowledge or any necessary selling skills. You will at least get half of the sale...

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.

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