Not Recommended if You Want to be an Actual Financial Advisor - Retirement Specialist Equitable Advisors Employee Review

1.0
17 Feb 2025
Recommend
CEO approval
Business outlook

Pros

I really can't say Equitable has any pros from an employee standpoint, unless you like being a telemarketer and handing over clients you put all the work into getting.

Cons

I have been licensed (7 & 63) for 21 years and decided I was tired of making money for Big Corporate. I wanted to work for "me" and decide what clients I wanted to work with. When Equitable Advisors contacted me, they sang me the song of how they would help me get my personal business off the ground. I did they whole PEP, contracted as "commission only" because I believed in their Mission Statement. The training is a big joke. You are assigned a manager who's compensation depends on the amount of business you bring in. Endless cold calling and if that's not happening you are in mandatory Zoom meetings listening to speeches from a bunch of higher ups bragging about their success and how they did it my making 500 calls a day for 2 years. They even make you come into the office just so they can watch you personally make the dials. It's not character building what so ever. Your clients aren't actually your clients like they claim. You're not running your own business, Equitable is running you. When you leave, they force surrender of all of your clients and leave you starting again from the ground up. Then, 2 years later, they come after you for frivolous fees, that you never new existed and threaten your livelihood if you don't pay by having a collector send threatening letters & calls. What a huge mistake, after I contracted I was left cold with a list of "dials" to make. With a lot of effort (on my own) I managed to build up a modest book, just to have it all taken from me when I resigned 2 years later.

Explore other reviews about Equitable Advisors

5.0
7 Nov 2025
Recommend
CEO approval
Business outlook

Pros

A great company to work for

Cons

Hard to get yourself started

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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