AXA Advisors

www.axa-equitable.com/axa/careers/axa-advisors.html
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Helpful (4)

Good learning experience, wouldn't recommend

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Financial Consultant
Current Employee - Financial Consultant

I have been working at AXA Advisors full-time (More than 3 years)

Doesn't Recommend
Negative Outlook
Approves of CEO
Doesn't Recommend
Negative Outlook
Approves of CEO

Pros

Lots of resources, strong insurance brands, LPL Financial Brokerage Platform

Cons

Commission Only, Extremely high cost to operate your practice (at least 20-30k per year), Nickel and dimed for supbar technology and marketing material. No formal training program with a focus on small account production. Compensation & Benefits are too tied to your insurance production. They claim independent open-architecture but the only products they really want you to sell is AXA Equitable Life Insurance and Annuities.

Advice to Management

It's not AXA Equitable, it's AXA Advisors. Insurance is not the end all be all for financial planning. Invest in your producers with a base salary and stop charging them for everything. Also, train your producers to build a pipeline of prospects with minimum asset levels. They spend far too much time servicing non profitable clients with under 100k in assets and don't have the platform to support HNW clients. They can't live and die by VUL and VA's because post financial crisis clients expect a lot of liquidity and are very fee conscious.

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  1. Hostile - Horrible place to learn the business

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Albany, NY (US)
    Former Employee - Financial Advisor in Albany, NY (US)

    I worked at AXA Advisors full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    The branch structure is designed to really help new people learn and grow in the business. Training in various locations throughout the country is always a nice perk.

    Cons

    The branch I was at had a lot of issues, an absentee Branch Manager and zero support. Orphaned clients have talked about a "revolving door" of advisors.

    Advice to Management

    Take a good look at the branches in New York.

  2. Your average insurance company

    • Senior Management
    Former Intern - Intern in Los Angeles, CA (US)
    Former Intern - Intern in Los Angeles, CA (US)

    I worked at AXA Advisors as an intern (Less than a year)

    No opinion of CEO
    No opinion of CEO

    Pros

    Generally friendly people. There is no office politics because everyone is on their own. Like all insurance business the reward is substantial if you do it well, and you don't really need to come to office

    Cons

    Office has poor ventilation. Low starting wage. If you don't fill targets you're in deep trouble.

    Advice to Management

    Renovate the office. It's not 1980s

There are newer employer reviews for AXA Advisors
There are newer employer reviews for AXA Advisors

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