AXA Advisors

  www.axa-equitable.com
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AXA Advisors Reviews

Updated Jul 17, 2014

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All Employees Current Employees Only

3.0 269 reviews

76% Approve of the CEO

AXA Advisors Chairman and CEO Henri de Castries

Henri de Castries

(72 ratings)

41% of employees recommend this company to a friend

Review Highlights

Pros
  • Flexible hours most of the time(in 13 reviews)

  • You can make a lot of money if you are truly dedicated and passionate about the job (or about the money)(in 7 reviews)


Cons
  • No base salary offered in Manasquan(in 8 reviews)

  • Sell to family and friends" marketing mentality(in 6 reviews)

269 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
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    • No Opinion of CEO

     

    Good place to learn the basics.

    Financial Advisor (Former Employee) Columbia, MD (US)

    ProsGood basic training to get acquainted with financial services. If you're a "drink the Kool-Aid" sort of person, you'll fit right in.

    ConsCrummy products to sell. Good people come and go. Sketchy people make a career there.

    No, I would not recommend this company to a friend

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    • Approves of CEO

     

    Not Bad At All

    Anonymous Employee (Former Employee)

    ProsGreat opportunities for hard workers.

    ConsLots of hours are needed and expected, but not required management.

    Yes, I would recommend this company to a friend

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    • No Opinion of CEO

    1 person found this helpful  

    Not Quite a pyramid scheme, but. . .

    Financial Consultant (Former Employee)

    ProsGood resources to get started. You control your own schedule. They hire people with no previous experience. I met some great people there (who have all left).

    ConsThere is a very high liklihood that you're going to get a ton of accounts and end up turning them over to your manager when you leave. They really push proprietary products. If you don't sell AXA products you're not going to have benefits. When you compare AXA compensation to what you get as an independent advisor you'll be shocked by how much AXA DOESN't pay their advisors.

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Sales not an Advisor

    Financial Advisor (Former Employee)

    ProsEasy way to get your Series 7/66 & LAH Licenses. Can provide some beneficial financial services industry experience. If you know a lot of people with large retirement accounts you can make large sums of money very quickly.

    ConsYou will be forced to sell to your friends, family and then just about anyone who will still talk to you or answer your phone calls. Little to no help will be given to you once they see you as having tapped your "natural market" and you will be discarded. Compensation is purely commission based making almost everything you sell an inherent conflict of interest.

    Advice to Senior ManagementProvide some support for your advisors. Marketing, financial, training or anything would be helpful.

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

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    • No Opinion of CEO

     

    Take Initiative

    Intern (Current Employee) Los Angeles, CA (US)

    ProsGreat people to work with and it's a nice balance between professionalism and having fun. As an intern you aren't disrespected and you can become part of the team if you want to be. Do your work, don't complain and they'll appreciate you, the work isn't too complicated. You can attend client meetings as well, but you have to ask-again take initiative. They are very lax with students and you can rearrange your schedule, they don't mind if you take a day off or two for tests or other things.

    ConsThere isn't really much formal training so you have to quickly pick up things yourself and take initiative to learn. Also the internship isn't really on a track for a financial advisor role, I look at it more as a way to potentially get hired or make connections. Again if you want to learn things about being an advisor you have to take initiative and ask A LOT of questions.
    If you aren't into learning or selling insurance, this isn't the right place to learn about other investment services. Yes they do money management and other things, but it is very limited and again you to have actively search for someone who actually does those things and work with them.
    Sometimes it's hard to look at your day and say "wow I just gained an invaluable amount of knowledge", but then again you are just an intern.. This goes back to the grooming aspect

    Advice to Senior ManagementWork with interns to grow them into the advisors you want them to be. It's almost like you're expecting them to leave, when you should be courting them to stay. There are may areas for improvement that the branch can take:
    -utilize intern to make you more money, phone calls, scheduling reviews, gathering client information
    -Stress how much money you can make from a given client or case
    -Make them smarter and more knowledgeable than when they walked in by providing classes/presentations specifically for interns.

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

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    • Approves of CEO

    1 person found this helpful  

    Awesome if your district and branch managers are good

    Financial Consultant - Sales Force Associate (Current Employee)

    Pros-This is going to depend entirely on which branch you're based out of but the leadership is friendly and there are always people looking to help anyone who's new.
    -Lot's of flexibility with hours and time off
    -Eat what you kill (commission; "pro" if you're good)
    -Unlimited earning potential

    Cons-Not a 40 hours a week/9-5 job. If you want to survive, you'll work at least 50 every week.
    -Eat what you kill (commission)
    -Lots of "no", you have to have thick skin
    -High rate of attrition (same as anyone in the business)

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

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    • Approves of CEO

     

    advisor

    Financial Advisor (Former Employee) Chicago, IL (US)

    Prosgreat place to work good people

    Consmoney not great but if you work hard you can make bank

    Advice to Senior Managementbe willing to put in time

    Yes, I would recommend this company to a friend

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    2 people found this helpful  

    Lots of potential & good training but have deep pockets for your first few years

    Financial Consultant (Former Employee)

    ProsIt all depends on the manager of the branch. No company can dictate the culture of a local agency, so check out your VP and local culture. My branch was big on joint work, so expect to split commissions. Good training for those new to the business, company paid travel to training in NY during 2nd year. Good wholesalers, insurance and investment. Good products with option to go outside brokerage (limited crump) on insurance products if needed. Technology is decent, e-apps and salesforce. LPL is behind on adapting site to iPad.o

    ConsBrand recognition in US, which can be important to newbies, continues to be a challenge. Expenses can be high (E&O, appointments, limited free marketing materials, purchase your own computer & stationary, LPL fees, etc). Training was REQUIRED in my branch even if you don't need it, until you hit certain production numbers.
     Joint work is great training, but check out your work partner on FINRA broker check. I didn't and lost a big client (1m aum) because my "expert" joint work partner had a client complaint and I didn't know about it.
    Need a STRONG natural market to approach or lack of filters. Orphan clients have been recycled many many times.

    Advice to Senior Managementtraining is good, incorporate some how to run a business (my VP didn't know much about home office deductions for statutory employees). Develop customized training at local branch level to avoid wasting time in training when it's not needed.
    senior company execs can seem a tad conceited - introducing themselves to a room of 100+ advisors with their first names when we have no idea who they are or their position, seemed like we were expected to know.

    No, I would not recommend this company to a friend

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    1 person found this helpful  

    growing experience

    Anonymous Employee (Former Employee) Los Angeles, CA (US)

    ProsDespite the cons, it's definitely a place where you'll experience the most character development. It'll force you to either give up the comfort of a high paycheck in the beginning or to have you reach out and network with people you never thought you would talk to for life. But through these processes, it's personal growth and relationship building, whether you made a sale or not at the end of the day. Plus as AXA advertises, it's not about selling but about helping, which I genuinely believe it's true otherwise I would've never even stepped in this industry if the company or the industry is not filled with people who are kind at heart. I was there for 6 months but I believe I've seen both the goods and the bads. I still believe given the motivation and passion in insurance and retirement planning and a kind heart, you will succeed. Also you will meet some of the smartest coworkers because they all have good degrees. Despite the fact that most people don't make it, those that do are high-achieving and intelligent.

    ConsIt's more on you to make a difference. Not so much relying on the manager or the company to push you. No parking. No base salary in the beginning. A lot of cold-calling before successfully building that referral network.
    Definitely not for everyone.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

    1 person found this helpful  

    make sure you're ready

    Anonymous Employee (Former Employee)

    Prosgreat products great company one of the largest finance companies in the world.

    Consits difficult to get started in this industry make sure you are ready when considering this as a career choice.

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

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