AXA Advisors

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AXA Advisors Reviews

Updated February 23, 2015
Updated February 23, 2015
58 Reviews
1.0
58 Reviews
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
58 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

58 Employee Reviews Back to all Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    "What you are getting into"

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

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

    Pros

    -The free food on Friday's
    -The feeling (for around 2 weeks) that things are finally looking up for you.
    -There are some really nice people who work in the office.
    -The opportunity to get your Series 7 and 66 but make sure you get them early
    - The opportunity to make a good living selling AXA Products

    Cons

    - Everything they say to you during the interview process is not bona-fide and is a straight sales pitch.
    - The District Managers will say anything to get you to sign their pre-contract even lying to your face.
    - DM's daily schedule is calling college kids all day everyday using the same script they will use on you
    - DM's main strategy is to get you to call mom, dad, and all of your friends then branch out from them (if
       you don't come from a rich family good luck)
    - Not trained on how to sell to the general public. (They script you on how to sell to your own mom)
    - Pre-Contract states that they can terminate you anytime regardless of the 180 day trial period you were
       promised and they will terminate it if you don't call your friends and family.
    - No reimbursement for license fees and your DM keeps your family members that you brought in because
       their retirement products are in-house proprietary products meaning their stuck with AXA products because
       they will take a huge loss for liquidating the plan if they want to withdraw
    - Pyramid Scheme.

    Advice to ManagementAdvice

    - Stop being unethical
    - Train your newcomers on how to sell to the general public instead of forcing them to call family members
       their beginning weeks in. When our family members and friends see us succeed they will join us but
       calling them the first week in when we have no clue what were trying to sell them doesn't look good for us.
    - Don't say if you earn the 5,000 PC'S and pass all your exams under the 180 day trial period you will be
        hired for the full contract when you don't mean it.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Think twice

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

    I have been working at AXA Advisors

    Pros

    Teaches you to present materials professionally and build lasting relationships with clients.

    Cons

    Everything else. Management here is a joke. Once you leave and a client decides to cancel their contract, AXA bills you for the advanced commissions. That's not a problem and I agree money should be reimbursed. However, agents who take over your newly acquired client may churn the account (cancel their existing account and make them open another one within AXA to increase their application count to meet the monthly quota) or simply give bad service making the client want to transfer to a better institution.

    Advice to ManagementAdvice

    Don't just concentrate on one or two of your favorites. Spend more time going over technical information regarding the products you sell.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    If you have ethics this isn't a good place for you.

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

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

    Pros

    Potential to make a lot of money, but only if you sell every client an annuity or insurance.

    Cons

    Management and upper management only care about selling products that aren't in the clients best interests!

    Advice to ManagementAdvice

    Have some ethics and do what's in the clients best interests.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Do not work here

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

    I worked at AXA Advisors

    Pros

    Great industry, nice offices, enthusiastic managers

    Cons

    no base salary, have to pay for everything to work here including desk, phone, printer, COMPANY SOFTWARE.

    Advice to ManagementAdvice

    Actually do something

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  6.  

    Absolute scam, do not work here under any circumstances

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

    I worked at AXA Advisors full-time

    Pros

    none at all, dont join

    Cons

    borderline chop shop, all you will do is push unsuitable annuities

    Doesn't Recommend
    No opinion of CEO
  7. 1 person found this helpful  

    Don't work here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Registered Representative in Stamford, CT
    Former Contractor - Registered Representative in Stamford, CT

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

    Pros

    Will sponsor for licensing so you can move somewhere else and do better. Some good people work here but a lousy culture

    Cons

    No income except for commission, what you do earn is heavily deducted for everything from advertising materials to rent for the cubicle you occupy. Was not given so much as a paper clip.

    Advice to ManagementAdvice

    Pay people and stop charging rent for a cubicle and every other thing an employee needs to make money for AXA

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8.  

    Crooked advisors !! Run !

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

    I have been working at AXA Advisors

    Pros

    They sell u themselves to sucker u in and pay them

    Cons

    They charged u for being an employee! Cubicle, laptop u pay for

    Advice to ManagementAdvice

    Pay for our cubicle

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    I didn't like working for free.

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

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

    Pros

    Don't work here. There are none.

    Cons

    It's not worth your time and money.

    Advice to ManagementAdvice

    Pay your advisers to come to work.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 2 people found this helpful  

    Bad experience waste of time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Fort Lauderdale, FL
    Current Employee - Financial Advisor in Fort Lauderdale, FL

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

    Pros

    Big company. Not many pros unfortunately. Great location.

    Cons

    many false promises to get you in. Didnt deliver promises. Left you alone to do business like independent not office support as promised. Push there products not real full service and brokerage as claimed.

    Advice to ManagementAdvice

    Get a new manager. Get new life in the office. Do you really want to grow with new people? or just numbers game.

    Doesn't Recommend
    Disapproves of CEO
  11. 3 people found this helpful  

    No True Leadership

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

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

    Pros

    You can earn your FINRA licensing.

    Cons

    Without real leadership this group of offices in West LA, Woodland Hills, Irvine and Koreatown will always under perform. Branch managers say they have an open door policy, but don't have time or interest in speaking to you. Divisional Managers lack management and leadership skills.
    You can't hire everyone and spread managers too thin to train the new advisors, Make a mistake and you might receive a rude call from the compliance bulldog. I could never understand a word she said but knew she was not happy. I spent long days learning from those who would give me time but in the end I realized that this group did not care about me at all. I wanted to learn and bee successful and I put in the time, but needed guidance.

    Advice to ManagementAdvice

    Stop looking at this as a numbers game. You hire everyone who interviews and then it is sink or swim. Those with a good network in the area seem to survive and those who don't have a network fail and move on. Take the time to get to know your people and grow them into Financial Advisors instead of being hands off.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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