AXA Advisors

  www.axa-equitable.com
  www.axa-equitable.com

AXA Advisors Reviews

Updated November 19, 2014
Updated November 19, 2014
320 Reviews
3.3
320 Reviews
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
88 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

54 Employee Reviews Back to all reviews

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  1. 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 (more than an 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
  2. 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 (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
  3. 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 (less than an 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
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  5.  

    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 (more than an 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
  6. 2 people found this helpful  

    Felt mislead and strung along during the onboarding process. Very poor choice for recent college grads.

    • 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

    Really none to speak of.

    Cons

    Dishonest, always additing caveats. Invested over $1,000 of my own money to get licenses only to find out that the reimbursement date was contingent upon further sales, not passing the tests.

  7. 1 person found this helpful  

    Terrible, management gets better off at other places and leaves interns to their own

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

    I worked at AXA Advisors as an intern (less than an year)

    Pros

    Relaxing, Flexible Hours, Air Conditioning, Good environment, Some kind people, a TV

    Cons

    If management finds a better company to work for they drop all of their interns to go screw themselves and leave them hanging even though they promised sponsorship for series 7 series 6, etc.

    Advice to ManagementAdvice

    Don't betray your newly interns

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Legal corporate pyramid scheme

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

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

    Pros

    Unlimited "days off", follow the school schedule for work days

    Cons

    Commission-based pay, paying for office space, miserable co-workers, cannibalistic office mentality, constant pressure to sell life insurance

    Advice to ManagementAdvice

    Quit

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

    Chop shop

    • 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 (less than an year)

    Pros

    Sponsorship for Series exams, entrepreneurship, time management.

    Cons

    Pressure to solicit family and friends, poor guidance, salaried for only the first month then 100% commissions.
    It's a tough business and extremely difficult to begin with any company in this industry.

    Advice to ManagementAdvice

    Focus on providing more guidance for your employees to help get the ball rolling. Stop pressuring new hires to ask all their family and friends for business and instead help them develop a book of clients. Also provide longer financial support for your new hires rather than the one month make it or break it.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Hostile - Horrible place to learn the business

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

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

    Pros

    The branch structure is designed to really help new people learn and grow in the business. Training in various locations throughout the country is always a nice perk.

    Cons

    The branch I was at had a lot of issues, an absentee Branch Manager and zero support. Orphaned clients have talked about a "revolving door" of advisors.

    Advice to ManagementAdvice

    Take a good look at the branches in New York.

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

    Great Training But That's It

    • 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 full-time (more than an year)

    Pros

    Great place if you're new to the industry. Training is good for overall product knowledge in life vehicles. You will get a good understanding of the uses and needs of life.

    Cons

    They seriously believe Cornerstone is the almighty one all best investment. Pay is crap. 2,000/ month in the rbg. You're dealing w cafe, maintenance, aids, and teachers. The creme brûlée client with wealth management needs, lol. LPL system is complete cramp. Not much is spoken about managed money. It's primarily a life insurance company.

    Advice to ManagementAdvice

    Pay more. Get rid of 6 month contracts and step up to the plate. Otherwise you'll be training with high turn over and be another insurance company. Wall St. will not take you seriously. If there was a way to give them half a star I would. 1 star is too high IMO.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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