AXA Advisors
3.0 of 5 266 reviews
www.axa-equitable.com New York, NY 1000 to 5000 Employees

AXA Advisors Reviews

Updated Jun 19, 2014

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3.0 266 reviews

                             

76% Approve of the CEO

AXA Advisors Chairman and CEO Henri de Castries

Henri de Castries

(71 ratings)

41% of employees recommend this company to a friend
72 Employee Reviews Back to all reviews
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    advisor

    Financial Advisor (Former Employee)
    Chicago, IL

    Prosgreat place to work good people

    Consmoney not great but if you work hard you can make bank

    Advice to Senior Managementbe willing to put in time

    Yes, I would recommend this company to a friend

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    growing experience

    Anonymous Employee (Former Employee)
    Los Angeles, CA

    ProsDespite the cons, it's definitely a place where you'll experience the most character development. It'll force you to either give up the comfort of a high paycheck in the beginning or to have you reach out and network with people you never thought you would talk to for life. But through these processes, it's personal growth and relationship building, whether you made a sale or not at the end of the day. Plus as AXA advertises, it's not about selling but about helping, which I genuinely believe it's true otherwise I would've never even stepped in this industry if the company or the industry is not filled with people who are kind at heart. I was there for 6 months but I believe I've seen both the goods and the bads. I still believe given the motivation and passion in insurance and retirement planning and a kind heart, you will succeed. Also you will meet some of the smartest coworkers because they all have good degrees. Despite the fact that most people don't make it, those that do are high-achieving and intelligent.

    ConsIt's more on you to make a difference. Not so much relying on the manager or the company to push you. No parking. No base salary in the beginning. A lot of cold-calling before successfully building that referral network.
    Definitely not for everyone.

    No, I would not recommend this company to a friend

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    make sure you're ready

    Anonymous Employee (Former Employee)

    Prosgreat products great company one of the largest finance companies in the world.

    Consits difficult to get started in this industry make sure you are ready when considering this as a career choice.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Lots of potential & good training but have deep pockets for your first few years

    Financial Consultant (Former Employee)

    ProsIt all depends on the manager of the branch. No company can dictate the culture of a local agency, so check out your VP and local culture. My branch was big on joint work, so expect to split commissions. Good training for those new to the business, company paid travel to training in NY during 2nd year. Good wholesalers, insurance and investment. Good products with option to go outside brokerage (limited crump) on insurance products if needed. Technology is decent, e-apps and salesforce. LPL is behind on adapting site to iPad.o

    ConsBrand recognition in US, which can be important to newbies, continues to be a challenge. Expenses can be high (E&O, appointments, limited free marketing materials, purchase your own computer & stationary, LPL fees, etc). Training was REQUIRED in my branch even if you don't need it, until you hit certain production numbers.
     Joint work is great training, but check out your work partner on FINRA broker check. I didn't and lost a big client (1m aum) because my "expert" joint work partner had a client complaint and I didn't know about it.
    Need a STRONG natural market to approach or lack of filters. Orphan clients have been recycled many many times.

    Advice to Senior Managementtraining is good, incorporate some how to run a business (my VP didn't know much about home office deductions for statutory employees). Develop customized training at local branch level to avoid wasting time in training when it's not needed.
    senior company execs can seem a tad conceited - introducing themselves to a room of 100+ advisors with their first names when we have no idea who they are or their position, seemed like we were expected to know.

    No, I would not recommend this company to a friend

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    As long as you are aware there is no job security

    Financial Advisor (Current Employee)

    ProsGood training and the ability to earn an excellent income with hard work. Flexibility in working hours although you will probably work far more hours than in a traditional job.

    ConsYou are encouraged to believe that you are starting your own business, but the business is always theirs.
    Selling life insurance and annuities produces renewals that are supposed to be with you as long as the business is on the books and as long as you are vested. There is a small pension, but the allure of the insurance business is that your renewals will be your true pension. The contract you sign says that at some point the renewals become "service fees". Even if you are still servicing the clients and have your licence, you must still must produce new business or they will terminate you and you will lose all "service fees". that you have built up over the years and "your" clients will be given to other agents or retained by the company.

    Advice to Senior ManagementNew business should not be required of a representative after an agent reaches 65 and signs retirement papers. . If the agent is compliant and servicing his business he should not be required to go out and hustle new business. Terminating these representatives, not allowing the client to be serviced by their trusted adviser and absorbing their hard earned fees is tantamount to stealing. I would say that you should find a firm that actually lets you keep your clients as long as you are vested and able to service their accounts.

    No, I would not recommend this company to a friend

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    Marketing Internship

    Marketing (Former Employee)
    Phoenix, AZ

    ProsEasy-going, non micromanaging and generally friendly working environment. The people are nice and encouraging. Not a bad place to start a career out of school.

    ConsThe pay is very low starting. It is hard to get clients and very little to no training is provided.

    Advice to Senior ManagementKnow what the job can offer before offering the job.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    An OK Advisory Firm

    Financial Advisor (Former Employee)
    Honolulu, HI

    ProsThere are good smart people that you work with that made it easy to come into work every day. There is access to a wide range of product.

    ConsThe management was poor. They had an every man for themselves attitude. There was not much direction and guidance for new young advisors. They seem to care more about the money they make from their own clients instead of the overall performance of the whole office.

    Advice to Senior ManagementThe management team needs to concentrate more on cultivating their young advisors.

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    Good, not great.

    Anonymous (Current Employee)

    ProsMassive company, dominating market share, offers many different types of investment options, plenty of external support from various internal but offsite call centers.

    ConsTerrible processes and procedures, limited training, very unorganized

    Advice to Senior ManagementProvide better support system for ALL employees of axa advisors, not just financial professionals.

    Yes, I would recommend this company to a friend

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    AXA is a decent company

    Anonymous Employee (Current Employee)

    ProsGreat entry level Finance job and a very stringent learning curve. Great way to get your licences and get sponsored by the company to do so.

    ConsYou will definitely want a way out due to low compensation unless you truly understand the Entrepreneurial aspect. Very self-driven style of getting things done and you will be out on a limb.

    Advice to Senior ManagementYou should as what goals your associates have and help the co-exist with your own.

    No, I would not recommend this company to a friend

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    Good Learning Experience

    Financial Professional (Current Employee)
    Houston, TX

    ProsFlexible Schedule, Make your own hours, great coworkers

    People I worked with were very friendly and helpful when asked a question.

    ConsVery sales driven, which is not what I expected. Lots of pressure to hit minimum 'numbers'.

    Typically long hours, and not much emphasis on work/life balance.
    Lots of fees associated with running your 'business'.

    Advice to Senior ManagementBe more upfront about job expectations and during interview process including fees and expenses, amount of time spent in field, income expectations.

    No, I would not recommend this company to a friend

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