Boiler Room in real life. - Investment Advisor Representative Equitable Advisors Employee Review

2.0
17 Feb 2025
Recommend
CEO approval
Business outlook

Pros

They will sponsor you to get your SIE licenses; S7 & S66. *note I had to push to get my S66 to become an advisor, but equitable tries to push just the 63.

Cons

Working at Equitable Advisors felt like a scene straight out of Boiler Room. Managers lure recruits with exaggerated promises—mine claimed, “You’ll make enough to buy a McLaren.” In reality, you’re placed in an empty office with a handful of other new hires, making 200 cold calls a day. The real goal is to push annuities and insurance products, often under the guise of being a financial advisor. The company operates on a commission-only model while expecting you to work 60-hour weeks. To top it off, I received a class action settlement about a year after leaving.

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.

2.0
24 June 2026
Recommend
CEO approval
Business outlook

Pros

Accessible stepping stone into the industry. Flexibility

Cons

Little transparency for employees, high pressure annuities and insurance sales with little real education or support on product or sales practice knowledge. Expect long hours while you learn to do recordkeeping and support work on your own while trying to meet goals that make sense for someone with a few years of prior experience, staff to help with paperwork and recordkeeping, and a decent lead funnel. You may not get any of these depending on branch and territory but you will still have a performance goal to keep your base pay and benefits that feels absurd to the new entrants they primarily target for recruitment.

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