AXA Advisors

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

AXA Advisors Reviews

Updated January 25, 2015
Updated January 25, 2015
332 Reviews
3.3
332 Reviews
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
94 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

102 Employee Reviews Back to all reviews

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  1. 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
  2. 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
  3. 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
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  5. 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
  6. 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
  7. 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
  8.  

    An OK Advisory Firm

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

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

    Pros

    There are good smart people that you work with that made it easy to come into work every day. There is access to a wide range of product.

    Cons

    The management was poor. They had an every man for themselves attitude. There was not much direction and guidance for new young advisors. They seem to care more about the money they make from their own clients instead of the overall performance of the whole office.

    Advice to ManagementAdvice

    The management team needs to concentrate more on cultivating their young advisors.

  9.  

    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
  10. 1 person found this helpful  

    AXA is a decent company

    • 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 (more than an year)

    Pros

    Great entry level Finance job and a very stringent learning curve. Great way to get your licences and get sponsored by the company to do so.

    Cons

    You will definitely want a way out due to low compensation unless you truly understand the Entrepreneurial aspect. Very self-driven style of getting things done and you will be out on a limb.

    Advice to ManagementAdvice

    You should as what goals your associates have and help the co-exist with your own.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11. 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

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