AXA Advisors

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

AXA Advisors Reviews

Updated November 18, 2014
Updated November 18, 2014
316 Reviews
3.2
316 Reviews
Rating Trends

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Approve of CEO
AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
87 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

94 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good, not great.

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

    I have been working at AXA Advisors

    Pros

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

    Cons

    Terrible processes and procedures, limited training, very unorganized

    Advice to ManagementAdvice

    Provide better support system for ALL employees of axa advisors, not just financial professionals.

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

    Good Learning Experience

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

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

    Pros

    Flexible Schedule, Make your own hours, great coworkers

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

    Cons

    Very 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 ManagementAdvice

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 2 people found this helpful  

    Employment requires more luck than hardwork

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

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

    Pros

    *Free to set schedule (most of time, if traditional, or non-RBG group)
    *Easy to join even with no finance background; may help you get experience other firms need before they'll consider you.
    *Online training and frequent branch training (though sometimes too frequent).
    *Cumulative quotas means, if you are lucky, one big case can set you ahead for years. (Though falling behind can also make the next "validation" period much harder.).

    Cons

    *High turnover rate - majority stay less than a year; better (or luckier) offices keep maybe 25% of new hires past 4 years, though a lot retain less than 5%.
    *Rigid quotas (Contrary to popular opinion, they CAN make AN exception once if you miss the deadline however it's VERY rare. Even if you do, you must make up the missing production on top of your next quota or else.)
    *Sure, can set own schedule, but new "advisors" should expect to spend 80% or more of their time as a telemarketer/mailbox stuffer if you want to stay expect 80+ hrs/wk unless you have a lot of rich friends/family or if you pay for an assistant.
    *Cannot retain clients upon leaving. Your accounts will eventually be given out in orphan call lists for other new hires to telemarket. (Note: Plenty of firms do not put a non-compete in their contract.)
    *Even if you close more life sales than your peers, a string of bad luck could cause every one of your cases to be rejected by underwriting.

    Advice to ManagementAdvice

    Branch and district managers: Thanks for the training and all your support the past three years.
    Divisional/national VPs: While quotas are necessary to maintain the bottom line, consider giving un-validated DSF/ESF an option to stay if they pay for their office space/expenses. Thus, those destined to fail no longer suck company resources and those who simply had really back luck with underwriting don't become a competitor with intimate knowledge of AXA's market.

    Neutral Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Grinding sales role

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

    I have been working at AXA Advisors full-time

    Pros

    People are great and the managers are all incredibly smart and talented.

    Cons

    long hours, 8 to 8 everyday, cold calling is what you'll spend 80% of your time doing.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6.  

    Internship

    • Career Opportunities
    Former Employee - Intern in New York, NY
    Former Employee - Intern in New York, NY

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

    Pros

    Learned how to work the phone

    Cons

    A large amount of down time

    Advice to ManagementAdvice

    More structured internship

    Recommends
    Neutral Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Good Sales Training / Poor Sales Leads

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

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

    Pros

    If you already have a network of people who you can target for financial services, there is the potential for significant income. Allows you to use products outside of AXA, but it is not encouraged. Good sales training.

    Cons

    Potential clients aren't familiar with AXA. Expect to be on the phone making a lot of cold calls if you don't have a lead network in place. This would be fine, except that you have to pay for/produce the leads yourself. For younger individuals, it focuses more on annuities then on managed money to accumulate wealth, which is more expensive for the client.

    Advice to ManagementAdvice

    Would be easier for those starting out if they worked under a mentor. Sales could be supplemented by supporting mentor. Base salary. Have a system in place to provide leads.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8.  

    AXA Advisors Internship

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

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

    Pros

    Got to work directly with a wealth management adviser.
    Received a lot of responsibilities right away in researching various mutual funds.
    I also was able to accompany my supervisor while she met with clients and brought me along on presentations of various mutual funds.

    Cons

    A lot of administrative work.
    Many days of making copies, faxes, and scans.
    Work also consisted of researching new clients for the firm which consisted off filling up phone lists during the evening.

    Advice to ManagementAdvice

    Use more mentorship to show interns how portfolios are set for different clients. Teach interns, and give them more responsibility rather than administrative tasks.

    Recommends
    Positive Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Able and willing!!!

    • 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

    Awesome training for those new to the industry and/or profession. It's truly graduate level training at least twice a week. Homework assignments and all but for real life scenarios and client interactions.

    Cons

    Make sure you know your fellow associates well because they will steal commissions which is important because you start out pre-contract (100% commission).

    Advice to ManagementAdvice

    Paid Training!!!!

  10.  

    "A great way to get started in financial advisory."

    • 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 full-time

    Pros

    The company offers many financial services and thus offers advisors multiple platforms to earn and find their own personal niche.

    Cons

    Do not expect to learn /or apply much about financial concepts. This is pretty much sales job. Requires a lot of initial personal investment (time, licensing fees). Hopefully you get a good manager (as I did) that will help you get a foothold in business early before you start to branch out.

    Advice to ManagementAdvice

    Support your advisors as far as infrastructure or tools. This is a major global corporation and advisors should not have to go into their own pocket to enhance their marketing capabilities.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    after being independent for years AXA seemed like a nice fit for a career agency

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Planner in Sarasota, FL
    Current Employee - Financial Planner in Sarasota, FL

    I have been working at AXA Advisors full-time (more than 5 years)

    Pros

    Branch Manager in Tampa Florida was great

    Cons

    Compliance and expense no district manager in Sarasota

    Advice to ManagementAdvice

    find a way to lower advisor expenses

    Recommends
    Approves of CEO

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