AXA Advisors

www.axa-equitable.com/axa/careers/axa-advisors.html
Engaged Employer

AXA Advisors Reviews

Updated July 29, 2015
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129 Employee Reviews

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  1. Good products, not great brand recognition, mediocre training/mentoring

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

    I worked at AXA Advisors full-time (More than a year)

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

    Pros

    Great products and the ability to sell non-proprietary life insurance and annuities when appropriate for a client. Work-life balance is challenging, if you're starting from the beginning.

    Cons

    Very little monetary support; your on full commission within 3 months of starting, and you have to meet minimums to even be offered a contract. Quality of training/mentoring can vary widely; not sure they really train their sales managers at all. To really be of full-service to your clients, you need to spend money on broker/dealer access, etc.

    Advice to Management

    Really be up front with new reps on what it's going to take. Train sales managers/mentors on how to train and support new reps.


  2. Really depend on who your manager is

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

    I worked at AXA Advisors full-time (More than a year)

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

    Pros

    Flexible hours (the more you work, you more you produce... just like any sales job) Great marketing materials available to use with presentations

    Cons

    Very limited income for the first few year unless you get really lucky Your success is very highly dependent on 1) luck and 2) who your manager is. If your manager is competent and able to guide and teach you in the right path, you will do well. If you manager isn't, then you're better off not working there.


  3. Good Company

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

    I worked at AXA Advisors

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good Incentives, Potential for Great money

    Cons

    Lots of time to put in for a slight chance of sucess

    Advice to Management

    Provide better incentives, offer % of cases to new employees to keep them motivated


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  5. Self starting

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

    I worked at AXA Advisors

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Great company and plenty of resources that can help with your start and growth at the company. office culture is decent as well

    Cons

    This company is not well known in the US and will grow to be better but management is highly focused on the compensation from underlings


  6. Helpful (2)

    Not much different than most financial advising companies

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

    I worked at AXA Advisors full-time (Less than a year)

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

    Pros

    -The harder you work, the more you will make. Almost entirely commission based -If you have a lot of customers/clients from another business who trust you, this job is for you. I would say this is ideal for people with previous sales experience and knows a little about finance. Be prepared to contact all your old clients. If you don't have 50-100 people minimum you have worked/sold for in the past, forget it.

    Cons

    -sell to your friends and family if you don't have enough former clients -rent your office back to you


  7. I really did not agree with AXA Advisors approach to financial planning.

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

    I worked at AXA Advisors

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

    Pros

    Flexibility in terms of your schedule. Sky is the limit depending on how hard you want to work.

    Cons

    They push their proprietary products regardless of what is right for the client.

    Advice to Management

    An annuity isn't always the best option for everyone.


  8. Internship

    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at AXA Advisors as an intern

    Pros

    Internship program was a lot of fun, but didn't provide much insight into how being financial advisor would be.

    Cons

    Doesn't portray the financial industry at all for someone trying gain experience.


  9. Advisor

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

    I worked at AXA Advisors full-time (More than a year)

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Great place, great people. Large corporation.

    Cons

    Drink the koolaid/Amway type of atmosphere

    Advice to Management

    For their first year, bring new hires into meetings to learn the ropes instead of having them bring in their own market in for meetings.


  10. Just an ok experience thus far.

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

    I have been working at AXA Advisors full-time (More than a year)

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    There are some pro's to working with AXA. I would say a major pro for me is being able to offer all services as a financial advisor. They lean a little more towards insurance products but thats natural for a company like AXA that specializes in Life Insurance and Annuity products. Decent and competitive Life Insurance products, good annuities for the right situation.

    Cons

    Despite AXA having a good Life Insurance product lineup their underwriting department is absolutely horrendous. I have never dealt with such a disorganized and unprofessional department in all my life. Compensation with the all commission route is really not that competitive and great. When you compare what they pay you vs what an independent advisor gets paid ..it really doesn't fit the bill for your tiny cubicle and what not. Middle management can be greedy, have conflicts of interest on what you sell and some of them are totally inexperienced and dont know what they are are talking about half the time, really just depends on your luck.

    Advice to Management

    Stop with the constant negative reinforcement to your FP's and FC's when they have a down period and are struggling with numbers. Really just takes the wind out of a lot of people's sails. Stop district managers from micromanaging and calling employees during off business time. Own mistakes when they are made rather than deflecting. Fix problems with the underwriting department immediately.


  11. Helpful (3)

    Good products, but terrible training

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

    I worked at AXA Advisors as a contractor (More than a year)

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

    Pros

    Some very competitively priced life products. Note that you do not have to work for AXA Advisors to sell their products. The company will (eventually) reimburse you for exam costs (series 7, 66) but only after successfully passing and only after successfully securing a contract with the company.

    Cons

    Securing a contract consists of bringing in a minimum amount of business in before you are an official employee. Whereas other insurance-oriented companies will provide training and a starter salary, AXA provides little and none of the same. Training varies wildly from manager to manager, and many managers are not very qualified to train in the first place, as they are usually not the top talent. Instead, for being willing to take on new candidates and hires, they have something of an advantage in gaining your clients when you fail to make numbers, which you must do each quarter - otherwise, you are fired. Yes, despite all of your pay coming in from insurance/annuity commissions, you WILL be fired if you cannot make numbers, despite the llack of training or new business leads from AXA.

    Advice to Management

    AXA was apparently once known for training new employees well. Now, with training done so abysmally, anyone who succeeds at AXA would likely have found success at any run-of-the-mill insurance company. The fail rate of new hires at this company is spectacular - probably comparable to Edward Jones.



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