AXA Advisors Reviews

Pros

Flexible Schedule - may take many sick days if you are on hourly wage
Nice co-workers - the staff are friendly
Relaxed environment - it doesn't seem that there are a lot of performance goals

Cons

More of an 'I' spirit than a 'team' spirit
Not much advancement for staff (those that are not financial advisors)

Pros

Extensive training in both sales and products.

Freedom to concentrate on any area of business you like.

Minimal supervision although most senior FAs are very willing to help.

Earn full commissions on minimal production across all product lines.

Cons

Low pay to start makes it tough unless there is another income in family.

Same as pro: Success or Failure is 100% under your control. Need to be self-motivated.

Quality of DMs varies.

Advice to Senior Management

Continue working on technology.
Expand brokerage offerings to allow options for those who are trained.
Bring in more experienced reps rather than new guys out of college.

Pros

Freedom, good commissions, access to other insurance carriers, LPL Financial for advisory business, good benefits, stock purchase plan, pension

Cons

No base salary offered in Manasquan. Recycled leads that everyone in the office already called. Encouraged to push insurance products, even though we are calling ourselves advisors.

Advice to Senior Management

Start offering base salary. It would really help new advisors build a quality business. It would also reduce turnover, but I guess it benefits the company when you leave and they keep the clients you were able to bring in.

Pros

Room for advancement, recognizes potential, rewards you for hard work.

Cons

The structure of the pay fluctuates.

Pros

1. Team.and family environment.
2. Managers genuinely care about their agents/employees and seem to always be available, you don't even have to go to a manager, but other agents are always available as well.
3. Training is great.
4. Rewards are great with stock, pension, health/dental, 401k, etc.
5. Recognition is great on both a local and national level.
6. Joint work is always an option for both the newer and older agent.

Cons

1. You have to work 40 + hours if you're going to make it in the business. There is no such thing as overtime pay.
2. Technology is not new.

Advice to Senior Management

Update the technology.

Pros

AXA Advisors is where I started my career and after just 3 short years, I can easily say it is where I will likely finish it. A company is only as good as the people who comprise it, and I will say the people that make up our organization are truly amazing. In a day where financial services companies seem to offer any and every product and service under the sun, AXA Advisors has been able to differentiate itself through its innovation, dedication and support. The platform we operate on is extensive, the level of training is unparalleled, and the resources available to a 24 year old financial professional are unmatched. When I started, if you would have told me I would be teaching CPAs and attorneys about certain elements of complex trust and estate planning strategies across the country, I would have thought you were crazy. The leadership, management, and resources backing our firm allow me to not only work in that space, but to thrive in it.

From a compensation standpoint, I have found AXA Advisors’ payouts to be amongst the most competitive in the industry. The potential for virtually unlimited compensation and my entrepreneurial spirit allow me to work when and where I desire and ultimately say, "If it's to be, it's up to me."

I have been truly blessed to come into a situation with phenomenal leadership, excellent systems, and a career opportunity where the demand for what I do appears to be increasing exponentially as the baby boomer generation continues to age. I believe that successful people will be successful regardless of the situation they are in. AXA Advisors enables those types of individuals to truly impact the lives of hundreds if not thousands of people, while providing the potential for substantial income.

Cons

Describe some of the downsides of working at AXA Advisors

Advice to Senior Management

Offer some advice or feedback to the leadership at AXA Advisors

Pros

Tremendous opportunity for earnings growth if you are willing to work hard. Great support early on in the career - excellent training program. Managers help you to get used to the sales process. Excellent marketing support. Team oriented environment.

Cons

you have to be willing to work hard to make it, but there is great support to do so. Once you grow your practice to a certain level it gets a lot easier.

Pros

-Everyone knows everyone
-Good compliance support team from SF office
-Has their annual compliance meeting at the Cornelian room on top of the B of A building.

Cons

-Must have a big book to be able to make good money.
-Doesn't have the same prestige as working for other Fortune 500 firms

Pros

Unlimited growth potential, because you determine how much work you put into the growth of your book for business.

Cons

As a new or young advisor, this position has little to no salary which can make it one of the most difficult jobs to begin with no experience.

Advice to Senior Management

offer a competitive salary for advisors within their first 5 years of business

Pros

You control your schedule. You control your career growth. You control your income. Tremendous long term earnings opportunity.

Great client interaction and a great platform to help client achieve their goals.

Great teamwork and great people. I'm proud to work for AXA and feel rewarded for my hard work that is paying off.

Cons

High stress level at beginning of career.

Overworked and underpaid for the first 2-5 years of your career.

May have to cold call when you start unless you have a strong support group of people who are open to doing business with you and/or provide you with referrals.

Advice to Senior Management

The industry flaw is how challenging it is for new associates to begin their career. Associates need help financially when they start and if they are not adequatly capitalized, they may fail.

Technology could be improved.