AXA Advisors

www.axa-equitable.com/axa/careers/axa-advisors.html

AXA Advisors Reviews

Updated January 26, 2015
Updated January 26, 2015
336 Reviews
3.3
336 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
95 Ratings

Review Highlights

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

  • I would suggest buying a book of business, starting from scratch can be daunting (in 6 reviews)

More Highlights

103 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Work Environment

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

    I have been working at AXA Advisors

    Pros

    Great work environment, support staff is friendly and always helpful. Flexible schedule

    Enjoy working with most of the people within my group.

    Good place to start

    Cons

    Lack of training in all areas, as far as product is concerned. Lack of manager knowing some basics. Older reps dont want to work with newer ones to keep building their books of business

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Great Company

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AXA Advisors

    Pros

    Training was exceptional. love it

    Cons

    Long Hours but it pays off

    Approves of CEO
  3.  

    great stepping stone

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Overland Park, KS
    Former Employee - Financial Advisor in Overland Park, KS

    I worked at AXA Advisors full-time (more than 3 years)

    Pros

    the office culture was great, for a few years. The team that was initially in place worked very well together and it made work activities as well as outside work functions enjoyable. The training was second to none, they made sure you understood the model and how to implement it.

    Cons

    the contracts are not structured toward your advantage as a sales rep, its a constant grind as any sales job is. Once you start to get to a point were your production out paces the contract you will have no choice but to find an independent broker dealer to really advance your career if sales is where you stay.

    Advice to ManagementAdvice

    management pried a little to much into the day to day.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Really depend on who your manager is

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Consultant in Los Angeles, CA
    Former Employee - Financial Consultant in Los Angeles, CA

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

    Pros

    Flexible hours (the more you work, you more you produce... just like any sales job)
    Great marketing materials available to use with presentations

    Cons

    Very limited income for the first few year unless you get really lucky
    Your success is very highly dependent on 1) luck and 2) who your manager is. If your manager is competent and able to guide and teach you in the right path, you will do well. If you manager isn't, then you're better off not working there.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Good products, not great brand recognition, mediocre training/mentoring

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

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

    Pros

    Great products and the ability to sell non-proprietary life insurance and annuities when appropriate for a client. Work-life balance is challenging, if you're starting from the beginning.

    Cons

    Very little monetary support; your on full commission within 3 months of starting, and you have to meet minimums to even be offered a contract. Quality of training/mentoring can vary widely; not sure they really train their sales managers at all. To really be of full-service to your clients, you need to spend money on broker/dealer access, etc.

    Advice to ManagementAdvice

    Really be up front with new reps on what it's going to take. Train sales managers/mentors on how to train and support new reps.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Good Company

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

    I worked at AXA Advisors

    Pros

    Good Incentives, Potential for Great money

    Cons

    Lots of time to put in for a slight chance of sucess

    Advice to ManagementAdvice

    Provide better incentives, offer % of cases to new employees to keep them motivated

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Self starting

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

    I worked at AXA Advisors

    Pros

    Great company and plenty of resources that can help with your start and growth at the company. office culture is decent as well

    Cons

    This company is not well known in the US and will grow to be better but management is highly focused on the compensation from underlings

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Not much different than most financial advising companies

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

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

    Pros

    -The harder you work, the more you will make. Almost entirely commission based
    -If you have a lot of customers/clients from another business who trust you, this job is for you. I would say this is ideal for people with previous sales experience and knows a little about finance. Be prepared to contact all your old clients. If you don't have 50-100 people minimum you have worked/sold for in the past, forget it.

    Cons

    -sell to your friends and family if you don't have enough former clients
    -rent your office back to you

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    I really did not agree with AXA Advisors approach to financial planning.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative in Columbus, OH
    Former Employee - Financial Representative in Columbus, OH

    I worked at AXA Advisors

    Pros

    Flexibility in terms of your schedule. Sky is the limit depending on how hard you want to work.

    Cons

    They push their proprietary products regardless of what is right for the client.

    Advice to ManagementAdvice

    An annuity isn't always the best option for everyone.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 3 people found this helpful  

    Good products, but terrible training

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Oakbrook Terrace, IL
    Former Employee - Financial Advisor in Oakbrook Terrace, IL

    I worked at AXA Advisors as a contractor (more than a year)

    Pros

    Some very competitively priced life products. Note that you do not have to work for AXA Advisors to sell their products.
    The company will (eventually) reimburse you for exam costs (series 7, 66) but only after successfully passing and only after successfully securing a contract with the company.

    Cons

    Securing a contract consists of bringing in a minimum amount of business in before you are an official employee. Whereas other insurance-oriented companies will provide training and a starter salary, AXA provides little and none of the same. Training varies wildly from manager to manager, and many managers are not very qualified to train in the first place, as they are usually not the top talent. Instead, for being willing to take on new candidates and hires, they have something of an advantage in gaining your clients when you fail to make numbers, which you must do each quarter - otherwise, you are fired. Yes, despite all of your pay coming in from insurance/annuity commissions, you WILL be fired if you cannot make numbers, despite the llack of training or new business leads from AXA.

    Advice to ManagementAdvice

    AXA was apparently once known for training new employees well. Now, with training done so abysmally, anyone who succeeds at AXA would likely have found success at any run-of-the-mill insurance company. The fail rate of new hires at this company is spectacular - probably comparable to Edward Jones.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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