Not for Everyone - Financial Representative Equitable Advisors Employee Review

2.0
30 Mar 2023
Recommend
CEO approval
Business outlook

Pros

there are many young individuals to work around - everyone is very nice - autonomy - flexibility

Cons

-technology, no laptop for the first 90 days until you contract. shows how many people make it out of the first 90 days - once you get through the attrition period - you are thrust into a very weak training schedule where they talk about how to sell annuities, nothing else - you have to pay for everything yourself, office space, your technology, licensing, CE credits, your own office supplies like pens, sticky notes, sign here, postage, FedEx/UPS (they have a corporate login you can use but you pay for everything) - there is no direction, they pose it as freedom and autonomy but imagine starting a new job and everyone just lets you go do what you want, you have no idea what you are doing - pay is abysmal, you would be better off working for a local bank branch or schwab or fidelity to start, at least there you get benefits right away, no contracting period and you don't have to beg friends and family to buy the flavor of the month at Equitable -kind of similar structure to a pyramid scheme, once you contract your manager gets a bonus (large btw) and then for every case you find, you have to put them on for 10-25% if you do all the work yourself, if they help they take 50%! - i worked off only commission which was nearly impossible with the state of school/municipal building access given the recent events at schools the last 8-10 years, it is so difficult to make money on your own, and if you do you have to give a chunk to someone who hired you! -not for everyone, some people love cold calling (only met about 2 people) and that is all you are going to do - industry wide, this company is not highly reputable

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
26 June 2026
Recommend
CEO approval
Business outlook

Pros

Complete freedom to build your book of business anmd schedule.

Cons

Horrendous place to start. Managers run their own practice and have little to no time to actually help you outside of your joint meetings so you're on your own. They only give you 2 options to get clients, cold calling or their retirement benefits group through schools. Basically the whole advising piece is to just to sell life insurance and annuities. The support staff is thin so you're kind of on your own with paperwork and compliance docs. They just genuinely offer you nothing. No help with covering costs (you pay for all your licensing and marketing materials), they even charge you for using the company laptop and fees for programs you will never use. They will mislead you about the commission payouts and you only really get something if you get them to buy an annuity or life insurance. If you also have a remaining balance of any fees when you leave, they will literally sending you threatening letters demanding the money and threaten you with claims court if you don't pay it back.

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