AXA Advisors

  www.axa-equitable.com
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AXA Advisors Reviews

Updated Jul 26, 2014

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All Employees Current Employees Only

2.9 273 reviews

75% Approve of the CEO

AXA Advisors Chairman and CEO Henri de Castries

Henri de Castries

(73 ratings)

40% of employees recommend this company to a friend

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)

  • Flexible hours most of the time (in 13 reviews)


Cons
  • No base salary offered in Manasquan (in 8 reviews)

  • Sell to family and friends" marketing mentality (in 6 reviews)

More Highlights
50 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Financial advisor

    Advisor (Former Employee) New York, NY

    ProsGood group of people worked there.

    ConsEveryone that succeeded was a lair and didn't care about clients.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Terrible

    Anonymous Employee (Former Employee)

    ProsLooks alright if this is your first experience

    ConsNo structure, cold calling, don't learn anything

    Advice to Senior ManagementIs this an internship

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Waste of time

    Financial Advisor (Former Employee)

    ProsPeople are motivated and really want to make money

    ConsManagement is inept, no support is given whatsoever, you need to fight to earn the right to get paid a salary - and then they ridicule you if you try and choose it, management is clearly trying to just suck people dry and move on

    Advice to Senior ManagementRethink the entire way you do business

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

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Don't fall for the lies...

    Financial Consultant (Former Employee) New York, NY

    ProsEarned and was reimbursed for my NY Insurance license and my Series 7 & 66 exams. Received some valuable insight into the workings of the financial industry.

    ConsI almost went bankrupt and nearly had a nervous breakdown. Spent the last month or two just spaced out, staring at my computer screen and wondering why I didn't continue studying to be an accountant.

    Highly aggressive sales and prospecting environment that encourages use of deceit and intellectual property misappropriation such as lifting corporate directories from conference rooms at target companies to gain access to prospects. Managing VP's tacitly condone misrepresenting relationship between AXA Advisors and other companies to add false legitimacy and get appointments. Advisors are routinely expelled/ banned from office buildings.

    You have to sell your soul to be successful. I saw through the lies pretty fast but was in deep denial, and chased a few opportunities that did not pan out. Hours are not flexible in reality, because your managing VP will guilt you into being there 12 hours a day.

    Watch out for the full of himself guy that has hair like a troll doll.

    Advice to Senior ManagementClean house, it's not just about the money but also integrity. Put the rotten apples in the trash.

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Not what it seems after you get there

    Financial Advisor (Former Employee) Scottsdale, AZ

    ProsGood training if you are new to the industry

    ConsAll promises made in the beginning are not necessarily true. All the leads that AXA is supposed to give to you are either old, or have been recycled so many times by all of the advisors who have come and gone. VERYexpensive, all costs of doing business, office, ink, printer, postage, computer back up , computer phone etc etc is charged to the advisors.

    Advice to Senior ManagementBe honest about the costs of being an advisor at AXA. The way it was explained to me made it sound very minimal and easy to "work off" on a monthly basis, not true at all. You are either micromanaged or left totally alone depending on who your manager is, neither one provides a productive environment.

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

    • Senior Management
    • Comp & Benefits

    1 person found this helpful  

    I paid for my Series 7 & 66 so my managers had no vested money in me and if I worked out great if not oh-well.

    Anonymous Employee (Former Employee)

    ProsIf you have 3-5yrs, work 10-12hrs, love smiling & dialing & live at home you might make it.

    ConsYou eventually pay for your space, computer, etc. & if you are producing and actually making a living But, however, don't meet your current year goals you could be let go, even after 2yrs...

    Advice to Senior ManagementHave a vested interest, help create business, build/demand teams and be part of the teams and if their is someone that has knowledge of a certain area of the business/financial markets harness/hone in on it. This way AXA will not be a swinging door company..

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Don't do it

    Financial Advisor (Former Employee) Scottsdale, AZ

    ProsFlexible schedule(depending on your manager and how long you've been there), Potential for good income(but not very common)

    ConsPoor training, No base salary, Poor benefits(no 401k match), Force you to sell to your family and friends, Have you tell prospects you sell outside products but base your benefits requirement and bonus on AXA Equitable proprietary products, Have you sell primarily life insurance and annuities regardless of clients best interest, every expense is paid for by the advisor including but not limited to: computer rental(required), Errors and Omissions insurance(required), cubicle or office(required), office supplies, personal office equipment(printer, additional monitor, etc), postage on work related documents, etc. No one knows who the company is so you have to sell them on using you and the company. Claim you get several resources from company but most are no longer legitimate since they have been recycled so many times by employees that have quit.

    Advice to Senior ManagementCoach your employees instead of badgering them when they are doing poorly.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    3 people found this helpful  

    Financial Advisor

    Financial Advisor (Current Employee) Dallas, TX

    ProsWide variety of resources since the company is international . Company provides decent sales training if you are new to sales. You will virtually be just a salesman who calls themselves a "Financial Advisor" and you don't even have to have any type of financial background to be a financial advisor which is totally ridiculously sad but true

    ConsCompany will tell you whatever they think you want to hear to get you in the door. They will tell you that you will earn 100k + if you just work hard which only 2% of advisors really make annually . Most advisors make around 20k their first year and you will be fired if you don't meet certain quotas. It's a revolving door company policy and after most employees really see what the company is about they leave. There is over a 60% turnover rate annually so you can do the math

    Advice to Senior ManagementTELL THE TRUTH !! Applicants deserve that at the minimum! Don't just try to get individuals in the door!

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Not a good place to intern

    Financial Planner (Former Employee) New York, NY

    ProsHours are flexible. You get to work with other interns.

    ConsI learned very little through my internship. The manager is still too new in the industry. There are a lot of things he did not know. I did a lot of grunt work, very boring

    Advice to Senior Managementhave a good and planned internship program, have some work for employees

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    A Great Place To Fine Tune Your Skills And Not Worry

    Financial Professional (Former Employee) Los Angeles, CA

    ProsAC, water, and phone worked. Color printer looked nice for the managers otherwise you paid. If you want to be close to your parents this is a great way to move back home to cut back on expenses. Anybody can get a job there, they are very open to anybody that breathes.

    ConsMLM style business. Not really taken seriously by the financial industry because its an insurance company. Great business model for shareholders, except you will always be training good talent and they will end up leaving to greener pastures that actually pay more then minimum wage. Turnover is roughly 1.5-2yrs from what I saw. They try to say otherwise.

    Advice to Senior ManagementQuit being cheap and spend the supposedly wealth you make. Toss the cult style Monday night blabbing by that goone. Turn the place into a real financial firm. Spend the wealth for once.

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

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