AXA Advisors Reviews

Updated July 26, 2014
Updated July 26, 2014
286 Reviews

3.2
286 Reviews
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
78 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)

  • 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

51 Employee Reviews Back to all reviews

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  1. 2 people found this helpful  

    Financial advisor

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

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

    Pros

    Good group of people worked there.

    Cons

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

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

    Terrible

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

    I worked at AXA Advisors as an intern for less than a year

    Pros

    Looks alright if this is your first experience

    Cons

    No structure, cold calling, don't learn anything

    Advice to ManagementAdvice

    Is this an internship

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 2 people found this helpful  

    Waste of time

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

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

    Pros

    People are motivated and really want to make money

    Cons

    Management 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 ManagementAdvice

    Rethink the entire way you do business

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 2 people found this helpful  

    Don't fall for the lies...

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

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

    Pros

    Earned 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.

    Cons

    I 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 ManagementAdvice

    Clean house, it's not just about the money but also integrity. Put the rotten apples in the trash.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Not what it seems after you get there

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

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

    Pros

    Good training if you are new to the industry

    Cons

    All 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 ManagementAdvice

    Be 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.

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

    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

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

    Cons

    You 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 ManagementAdvice

    Have 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..

    Doesn't Recommend
  8. 1 person found this helpful  

    Don't do it

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

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

    Pros

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

    Cons

    Poor 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 ManagementAdvice

    Coach your employees instead of badgering them when they are doing poorly.

    Doesn't Recommend
    No opinion of CEO
  9. 3 people found this helpful  

    Financial Advisor

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

    I have been working at AXA Advisors full-time for more than 3 years

    Pros

    Wide 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

    Cons

    Company 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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Not a good place to intern

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

    I worked at AXA Advisors as an intern for less than a year

    Pros

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

    Cons

    I 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 ManagementAdvice

    have a good and planned internship program, have some work for employees

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    A Great Place To Fine Tune Your Skills And Not Worry

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

    I worked at AXA Advisors as a contractor for more than a year

    Pros

    AC, 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.

    Cons

    MLM 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 ManagementAdvice

    Quit 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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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