AXA Advisors Reviews

Former Employee – worked at AXA Advisors full-time for less than a year

Pros – The company invests more in its advisors than any other company

Cons – You have to be a driven person to succeed in this business. First few years the pay is minimal compared to the work but in the latter years the pay exceeds most other jobs.

Advice to Senior Management – For new advisors, invest more material into educating them in what exactly they need to do to succeed instead of loading them with excessive product knowledge at first.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Former Employee – worked at AXA Advisors as an intern for less than a year

Pros – Good working environment. Handle with cases directly. No big pressure.

Cons – No need brain while working. Don't know what exactly the products are.

Current Employee – been working at AXA Advisors full-time for more than a year

Pros – As an employee, you enjoy a regular schedule that is also flexible based on agreement between yourself and the FPs you support. You get to know many people at different stages in their career and learn how best to help them, and in turn the company, do better. The company has lots of internal opportunities for advancement and development.

Cons – Unless you are in a main branch office, your ability to advance within the company in the same location may be limited. You may be the only employee in the area, so when conferences and other employee meetings take place, you are unable to attend because it is your responsibility to "man the fort" at your local office. You also need to play a balancing game with the FPs, as you want to not be perceived as playing favorites.

Yes, I would recommend this company to a friend

Former Employee – worked at AXA Advisors full-time for less than a year

Pros – Autonomous Structure
Vast Networking
Potential for High Income
They make you feel like you are your own boss

Cons – Extremely low financial security
Mostly Commisions
There is way too much funding on your end in the short run
Feels like you're paying them to work for them in the beginning

Advice to Senior Management – Invest in your advisors more. It will motive them to earn you more.
Invest in recent graduates who do not have the financial stability to front payments in the short run.

Yes, I would recommend this company to a friend

Former Employee – worked at AXA Advisors full-time for more than 3 years

Pros – Excellent product brokerage division. Senior employees who have been in the industry for decades and built successful careers can be an excellent resource, but it is self-initiated.

Cons – Managers unable to retain quality employees, as the training and assistance is sub-par. Limited potential as a new advisor.

Advice to Senior Management – Re-evaluate the RBG program as a whole.

Current Employee – been working at AXA Advisors as an intern

Pros – Rotation, flexible work hours, very nice people.

Cons – Pretty much the only path you have as an option after the internship is to become an insurance salesman.. LOTS and LOTS of cold calling.

No, I would not recommend this company to a friend

Current Employee – been working at AXA Advisors full-time for more than 7 years

Pros – Entrepreneurial. Unlimited earnings potential, work as much or as little as you like, you're basically a small business owner. Open architecture, advisory and brokerage platform through LPL Financial (largest independent broker/dealer). Insurance products, in addition to AXA Equitable Life & Annuity can be sourced through other companies (MetLife, Genworth, Allianz, Prudential, Hartford, Genworth, WilliamPenn, Banner, etc). *See advice to management*

Cons – "Eat what you kill" culture. Zero base salary, 100% commission. You need to find your own clients/prospects generally through old calling. Unless you have an established network that can provide sustainable/consistent lead sources, but that is the exception not the norm. Highly political management is all sales guys who are given incentives to increase their override over what's necessarily right for the advisor or client. *See advice to management.

Advice to Senior Management – District managers are incentivized to hire quantity over quality, and push proprietary products. This results in managers hiring whoever can breath, throwing them against the wall and seeing who sticks. Ultimately this results in a lot of people failing out of the business, but this is ok for managers because their compensation is heavily tied to first year proprietary production, where new advisors burn through their family, friends and network, and worst case are "cheap labor" cold calling for other advisors, which is justified as joint work to learn from more experienced advisors. Also managers push option 1 commissions where a higher one-time commission is paid out but no future commissions/fees are paid out because their override is tied to the bigger number and weighted more on new advisors than experienced advisors. This is bad for the advisor and client long-term: there is no longer an incentive for the advisor to service that client and the advisor is hurting himself by living sale-by-sale instead of growing a reoccurring revenue stream. It should be management goal for each advisor to build a practice that generates a reoccurring revenue stream - this will incentivize the advisor to stay longer and to service the client better. The advisor will have a more steady predictable income source and have a more valuable practice that can be sold at retirement to another advisor because the reoccurring revenue can be valued.

No, I would not recommend this company to a friend

Current Employee – been working at AXA Advisors full-time for more than a year

Pros – Place to go and work

Cons – Many start up costs that they don't tell you about and high turn over rate

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at AXA Advisors full-time

Pros – *everyone is friendly and wants to see you do well
*managing team does well with pre contracting meetings to help you see what's in store when you pass all your licensing exams
*they don't bs with you, they tell you straight up that this is a difficult profession, you get out of it what you put in

Cons – *have you pay for your tests up front (reimburse after you contract)
*paynwont be great to start
*at the beginning the only way you'll make decent money is by going through your natural market

Former Employee – worked at AXA Advisors full-time for more than 10 years

Pros – Breadth of products; LPL; global presence

Cons – Little name recognition, unstructured training;