AXA Advisors

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

AXA Advisors Reviews

Updated December 18, 2014
Updated December 18, 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

96 Employee Reviews Back to all reviews

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  1. 2 people found this helpful  

    Hit and Miss

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

    I have been working at AXA Advisors full-time (more than an year)

    Pros

    Good product mix to offer customers and there are some decent advisors that are willing to partner with you knowing that it benefits them and the company.

    Cons

    Ultimately you are on an island. For all the talk of great training, reputation, and support you are expected to do the classic "hit up your family/friends/previous co-workers" to get business and then work on referrals. You will find that on the insurance side that there is a long time frame before you get paid. very frustrating

    Advice to ManagementAdvice

    Take some ownership with the people you bring in the company because the place is turnover-city. Brutal the way people work hard and nobody seems to care if they stay: stop parroting the company line and the formula for success when it really depends upon the partnership of senior advisors working with new people to get them through the first 2 years while they develop their own personal markets.

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

    Good experience, but moving on

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

    I worked at AXA Advisors full-time (more than 3 years)

    Pros

    It was a good place to start after college. Learned a lot about different product platforms and underwriting process. Was able to arrange time off to travel.

    Cons

    It feels as though you never "arrived" or accomplished anything since the tasks/processes are continual. Also bad pay and benefits are at the whim of the employer you work for.

    Advice to ManagementAdvice

    An HR department and corporate to invest in administrative support for Advisors. Advisors are great at seller, but more often than not bad at managing.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Good place to learn the basics.

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

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

    Pros

    Good basic training to get acquainted with financial services. If you're a "drink the Kool-Aid" sort of person, you'll fit right in.

    Cons

    Crummy products to sell. Good people come and go. Sketchy people make a career there.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Not Bad At All

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

    I worked at AXA Advisors

    Pros

    Great opportunities for hard workers.

    Cons

    Lots of hours are needed and expected, but not required management.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 4 people found this helpful  

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

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

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

    Pros

    It 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

    Cons

    Brand 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 ManagementAdvice

    training 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.

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

    advisor

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

    I worked at AXA Advisors full-time (more than 3 years)

    Pros

    great place to work good people

    Cons

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

    Advice to ManagementAdvice

    be willing to put in time

    Recommends
    Neutral Outlook
    Approves of CEO
  8. 1 person found this helpful  

    growing experience

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

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

    Pros

    Despite 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.

    Cons

    It'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.

    Doesn't Recommend
  9. 1 person found this helpful  

    make sure you're ready

    • 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 (more than 5 years)

    Pros

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

    Cons

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

    Recommends
    Positive Outlook
    No opinion of CEO
  10. 2 people found this helpful  

    As long as you are aware there is no job security

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

    I have been working at AXA Advisors as a contractor (more than 10 years)

    Pros

    Good 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.

    Cons

    You 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 ManagementAdvice

    New 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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Marketing Internship

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

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

    Pros

    Easy-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.

    Cons

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

    Advice to ManagementAdvice

    Know what the job can offer before offering the job.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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