Complete Joke - Financial Advisor Equitable Advisors Employee Review

2.0
12 Jan 2021
Recommend
CEO approval
Business outlook

Pros

The managers seemed to care a lot about you--until you found out they make money off everyone hired and take a percentage from all the clients you bring on at the beginning. Training was in depth.

Cons

Everything from the initial interview sounded great. The manager interviewing me explained the difficulty of a financial advisor and I knew that it's not a cake walk. However, they told me (and the other individuals I started with, who BOTH quit) I'd get a base salary plus commission. My thought was I'd be able to keep my head above water and pay bills. Before getting hired you have to pass the Life and Health exam and SIE. You then start in office and be prepared to call all the people you know the first day and set meetings up for their pyriamid scheme. While in office and setting meetings and training you will also have to pass the Series 7. Until you pass your Series 7 you CANT sell any securities, only life insurance. Not to mention that you will only be getting paid $300 measly for the first week of training, and after that you better hope you are selling insurance to your family members! You won't be making any money for several months. There's a reason there are several young, fresh out-of-college individuals that start here and it's because they don't know anything about the workforce or know better. PLEASE don't fall into this trap. The entire Independence, Income, Impact might be a reality for financial advising, but I'd rethink doing that with this firm.

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.

1.0
26 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Complete freedom to build your book of business anmd schedule.

Cons

Horrendous place to start. Managers run their own practice and have little to no time to actually help you outside of your joint meetings so you're on your own. They only give you 2 options to get clients, cold calling or their retirement benefits group through schools. Basically the whole advising piece is to just to sell life insurance and annuities. The support staff is thin so you're kind of on your own with paperwork and compliance docs. They just genuinely offer you nothing. No help with covering costs (you pay for all your licensing and marketing materials), they even charge you for using the company laptop and fees for programs you will never use. They will mislead you about the commission payouts and you only really get something if you get them to buy an annuity or life insurance. If you also have a remaining balance of any fees when you leave, they will literally sending you threatening letters demanding the money and threaten you with claims court if you don't pay it back.

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