AXA Advisors

www.axa-equitable.com/axa/careers/axa-advisors.html
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AXA Advisors Reviews

Updated May 27, 2015
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2.0
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
4 Ratings

Pros
  • You can definitely make a lot of money, if you choose to focus on the life insurance side of the business (which they heavily encourage/promote) (in 8 reviews)

  • Creating your own work schedule/ Flexible Hours (This is not a 8-5 job) (in 14 reviews)

Cons
  • No base salary, heavy sales focus, no formal training (in 8 reviews)

  • Hard industry to break into, a lot of time will be devoted to establishing your Book of Business (in 6 reviews)

More Pros and Cons

34 Employee Reviews

Sort: Popular Rating Date
  1. Sales, is not financial advising

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Intern in New Rochelle, NY
    Current Employee - Intern in New Rochelle, NY

    I have been working at AXA Advisors (Less than a year)

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

    Pros

    Could be a DECENT place to start a sales job

    Cons

    It's all about Prospecting. YOU HAVE TO PAY FOR YOUR LICENSES, the company does not sponsor you fully.
    Commission structure the only way you will make a living.

    Advice to Management

    Awful management, transparency is one thing, but it should never lead to humiliating or belittling


  2. Stagnant Growth

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

    I have been working at AXA Advisors

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Family centered culture. Amazing Opportunities for the right employee.

    Cons

    Small offices and very sales oriented.

    Advice to Management

    Need more communication


  3. Hard Job

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

    I have been working at AXA Advisors

    Pros

    You are able to use their market

    Cons

    No assistance, need to be self taught


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Tough start up

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

    I have been working at AXA Advisors as a contractor (More than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    You have to get your series 7, 66, and life/health license
    They reimburse you for the tests after 6 months
    Potential to make a lot of money
    They offer strong financial platforms
    Office atmosphere is great

    Cons

    You have to front all the money for your certifications
    It's either 100% commission or salary/half commission
    Expenses are high (they pay for nothing!)
    Management is terrible and so is training. Their training just consists of pitching life insurance to your clients. its the same thing over and over
    Everyone just cares about themselves/lots of competition
    If you can't produce a lot then don't take this job. You will have more in deductions in your check each month then you will be making
    Most importantly you have to validate to keep your job! if you aren't producing enough then you could lose your job

    Advice to Management

    Fix the training program. Training should cover things that people in there first couple years need help on like different yellow pad techniques, how to properly fill out paperwork, especially transfer paperwork for other companies. Not focusing on Pension Max or advanced things with life insurance.


  6. Helpful (1)

    financial advisor

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

    I have been working at AXA Advisors full-time

    Pros

    Potential to make money is high, can really own your own business and be an entrepreneur

    Cons

    Making any money can take more than 6 months, market is saturated, LOTS of cold calling


  7. Caution

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AXA Advisors

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

    Pros

    Great management support. Good education

    Cons

    Extremely expensive overhead charge for all advisors. No return on the charge. Limited products. Must seek 3rd party products constantly to be competitive or to even have a client solution. Commissions are low. Split too many ways.


  8. Sale, Sale, Sale

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in New York, NY
    Current Employee - Financial Representative in New York, NY

    I have been working at AXA Advisors (More than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    there are no pros, they don't help you get clients, the training is a joke, and they fire you if you don't hit quotas also they have a big turn over rate.

    Cons

    you must pay for you licenses and they only reimburse a 80% and managers are there to take advantage of you.


  9. Helpful (1)

    Really depends on the team you are with

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant in New York, NY
    Current Employee - Assistant in New York, NY

    I have been working at AXA Advisors full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Flexibility
    Potential to make good money

    Cons

    AXA home office doesnt really care about the AXA Advisors branch, so the budget is not good for things like supplies, competent operational staff, etc.

    Advice to Management

    N/A


  10. Financial Advisor Intern

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

    I have been working at AXA Advisors

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

    Pros

    The company provided helpful feedback throughout training and how to become successful. However, it is a difficult industry which is known for a high failure rate

    Cons

    Long hours does not fit the amount paid in the beginning.


  11. Helpful (1)

    Great opportunity

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Professional in Omaha, NE
    Current Employee - Financial Professional in Omaha, NE

    I have been working at AXA Advisors full-time (More than a year)

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

    Pros

    Opportunity to use Network with Insurance and Investments, 401k match group life di. No real schedule you work when your clients need you.

    Cons

    W-2 vs other networks 1099 pay, health benefits awful, cost of E&O Insurance is outrageous, cost of salesforce and other required CRM is outrageous, minimum requirements to not be fired are high. Opportunity is just that, you still need to go find your clients.

    Advice to Management

    Take away minimum requirements, let us choose our own E&O, and get rid of the W-2 system, I lose 1/3 of my paycheck to the government and they aren't working any harder.



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