High turnover, success very dependent on how good of a manager you get - Financial Consultant Equitable Advisors Employee Review

3.0
9 Aug 2021
Recommend
CEO approval
Business outlook

Pros

Very autonomous Limitless earning potential Get out what you put in, the harder you work, the more money you’ll make Good place to get experience in the industry and helps sales skills They’ll get you licensed and experienced. Before building up a practice that’s too big, start looking for other firms that hire experienced hires only.

Cons

Hire tons of people expecting only a few of them to make it past 6 months Every manager has a different style: some want you to cold call, others want you to talk to your natural market. Some managers are a lot better than others, and your experience at the firm is VERY dependent on the manager that hires you. Lack of good training Depending on manager, might not learn a real financial planning process. All has to do with the manager you get. Some are very product-focused, some are better planners. VERY HARD when first starting off to make money and get clients. Make sure you have enough money saved as a buffer for at least a few months - don’t expect to earn a livable income in the first few months of working.

Explore other reviews about Equitable Advisors

5.0
24 Nov 2025
Recommend
CEO approval
Business outlook

Pros

The education, resources, and support provided provided by leadership at the branch level (regional: OH and IN) and district level (local: Carmel Office) are excellent. If you want the best shot at succeeding in this career you'll be hard-pressed to find a better firm and a better team to do it with.

Cons

The statistics tell a story: As many as 9 in 10 people who become financial advisors are have left the career within their first three years. Its a challenging career path, period. But there are companies with better than average development and retention rates and Equitable is one of them for good reason.

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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