AXA Advisors

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

AXA Advisors Reviews

Updated August 26, 2015
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364 Employee Reviews

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  1. Run after you get your licenses!

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in New York, NY
    Current Employee - Financial Consultant in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    they sponser your certifications for your 7 and 66 you have a decent choice of joint work partners that you can choose to work with the location of the office is convenient to get to meetings training provided if you are interested about insurance and insurance products and how to sell them if you are straight out of school, this may be a job to learn

    Cons

    -Everyone is tryign to steal eachother's businesses -Managers encourge you to download attorny lists thats been called again and again so that you may practice on your rebuttals -Have to pay for your own computer, software rentals, and all marketing materials.

    Advice to Management

    Ethics Ethics Ethics


  2. not a good company

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Advisor in Dallas, TX
    Former Employee - Advisor in Dallas, TX
    Doesn't Recommend
    Disapproves of CEO

    Pros

    they will teach you the business and get u all the stuff you need to get started in the financial world

    Cons

    They will cheat you out your pay. esp if you are a new comer and dont know much about how you get paid. They just want your to sell and not care about the clients

    Advice to Management

    be better people... you will make more money if you just stop focusing on the greed


  3. Con Job

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Scottsdale, AZ
    Current Employee - Anonymous Employee in Scottsdale, AZ
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Good Training and proper work atmosphere.

    Cons

    100% commission scam + being pimped out (having to split whatever small commission with your managers for the first 2-3 years). Also have to pay every business expense from your own pocket!

    Advice to Management

    There must be a reason why they are not growing: give employees a chance with a base and much more time to validate contracts.


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  5. Helpful (15)

    This Should Be Your Last Choice of Career Agencies

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in Atlanta, GA
    Current Employee - Financial Consultant in Atlanta, GA
    Doesn't Recommend
    No opinion of CEO

    Pros

    - Benefits are decent if you can stay around long enough to take advantage of them - The flexbility is incredible - Wealth building is among the best in the industry. Very comprehensive but does have long term vesting requirements.

    Cons

    There are numerous downsides to work in the AXA career system, let me debunk some of the myths you will hear recruiters talk about: - Your compensation is what you make of it..........flat out pitch to entice new recruits into the "exciting" world of financial based commission sales. Truth be told, you can earn a nice living for yourself if you make it long enough to see some of the "trails" and "residuals" hiring mangers will talk about. There is no way around it, you WILL NOT MAKE MONEY at AXA during your first 3-6 months. Should you stay the course and pass the Series 7 you will only be given 4-8 weeks of "training allowance" for your efforts. The "training allowance" came about as a result of AXA losing a lawsuit in CA because the majority of their new advisors were not earning a wage equivalent to minimum wage, you read that correctly, the majority of new associates have not been earning an amount equal to minimum wage. You pay over $1000 in licensing fees, burn through your contacts (nope, no leads provided either!!!), buy into the AXA system, and work 60-70 hour weeks trying to earn minimum wage at best. - No stability and home office or local levels. All hiring managers love to talk about stability and how AXA is so great. They are only telling you 1/2 truth, no, we did not take bail-out money. Why? Because we are headquartered in France and not eligible. What did we do instead? Took bail out money from AXA home office in France. Stability at the local level? Thats a joke. Wholesale district and branch manager turnover across the company. The majority of the talent at the agency and district level has fled for greener pastures over the past 12 months as a result of AXA's failure to adapt and change with the times. The only thing consistent at AXA is increasing expenses moved to the sales force, high associate turnover and non-competitive product offerings (detractors will argue that we have an open architecture...................) we do have the ability to sell outside of AXA if we are personally given permission from the agency manager, good luck!!! The agency managers are paid proprietary overrides at a rate nearly 10x what they receive for non-AXA business. Where is the incentive to approve your request? If they do approve the request, any non-AXA business you sell will not count towards benefits validation or wealth building. This is a publicly traded company and treated like one. In fact, they are currently in the process of transitioning a new CEO. The former CEO was excellent and did a wonderful job of navigating AXA through an incredibly difficult financial time, his reward? move over buster here comes the new guy, with new ideas, and new ties to improve the stock price.....how will he do it? Cut costs (i.e. cut salary and payouts) and drive proprietary business sales (making a difficult request even more challenging!!!) - AXA is one of many career agencies that introduce new advisors into the business. Do your homework and don't be afraid to interview with other firms, especially those who actually invest in new associates. I would recommend Guardian, MetLife or Mass. I know that I will get flack for mentioning these firms but I really don't care. Don't let any recruiters fool you or tell you differently, we all do effectively the same type of business, we just go at it different ways. You will sell life insurance and tons of it if you want to succeed at AXA. In closing, I have been a high level producer with AXA for some time and have made it through the challenges described above. My personal wealth is so tied into the AXA value prop that I have no choice but to stay. However, I have not, can not and will not ever refer anyone to work with the firm. I would challenge ANY hiring manager to argue or challenge the points outlined above. I have been pleased with my AXA experience but I doubt you will be so lucky.

    Advice to Management

    As a current financial consultant I would recommend that they reinvest in the field sales force and move towards a more sustainable hiring and development model, as opposed to a "call everyone you know and then be out of the business in 12 months" type of hiring model. Take your own advice: I can't tell you how many times in my career I have been told to invest in my business and think like a business owner. Why doesn't AXA senior management invest in field sales force? Start offering the DSF a true salary option to help smooth out some of the ups and downs and don't hold out a legally mandated minimum wage as a "training allowance" to help get them started in the business. I have personally heard a member of the AXA senior management committee (Yes, the NYC senior management committee, which tells you what kind of producer I am to have access to these persons!!!) complaining about being legally forced to offer new associates a training salary after they pass the Series 7 exam. This resentment is readily apparent in their field communications. Most importantly, VALUE PRODUCERS OF ALL LEVELS, as they help make the company what it is. Losing 9 out of 10 people that start and positioning yourself as the "chosen place to build a career" is flat-out misleading. If you want to be the best, then invest in your business like you mean it!!!


  6. Very Dishonest company

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Buffalo, NY
    Former Employee - Financial Advisor in Buffalo, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    they reward if you make them a lot of money, but thats hard to do

    Cons

    hard to get started, once started its still hard to keep going, always looking for more people to get money from, have to cold call, 12 hour days

    Advice to Management

    It should be so hard to get clients


  7. Horrible, the management is only looking to sell at all cost to anyone

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant in Miami, FL
    Former Employee - Financial Consultant in Miami, FL
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Great learning opportunity. They offer a lot of training and they have excellent systems to do financial analysis and illustrations for clients. It is a great way to get experience and then LEAVE!

    Cons

    They do not offer a base salary. You have to pay for all your expenses (including lap top, marketing materials and any other expense that you might incur to sell). Even though they sell it as if you are your "own boss" you have to go to tons of meetings so that you learn how to counter clients' ojectives, get referrals (you have to sell, sell, sell to everyone and anyone).


  8. Helpful (2)

    Karr Barth/ AXA Advisors Interview Experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Bala Cynwyd, PA
    Former Employee - Financial Advisor in Bala Cynwyd, PA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Very nice building. Staff seemed satisfied and content.

    Cons

    This company goes by Karr Barth Associates and AXA Advisors. They called in about 5 of us for a group interview and gave us more information about the company. Then they said they would be selecting two or three of us to come back. All the other candidates, including myself, had their master's degrees and so did everyone else I spoke with at the company. This gave me a few shreds of hope. I was called in for a second interview to speak with the president and was eventually told that I would have to pay $650-800 to get licensed and that I would have to draw from my "natural market". For those of you who don't know, that is people that you know like your parents, family, and friends. After that, I was told that I could go for 4-5 weeks without receiving a paycheck "due to the peaks and valleys associated with this type of career". Also, they asked that I work until 8pm and come in on weekends because, "It's not a job, it's a career business". Additionally, the president who interviewed me was writing on my resume the entire time I was speaking to him and not making eye contact with me or showing any other social vital signs. I did confirm my third interview (which I will not show up for) to show them that they are not the only ones who can waste other peoples' time.Thanks for the false hope and wasting my gas money. Stay away from this place.

    Advice to Management

    Get professional, it will help you not receive reviews like this.


  9. Helpful (2)

    Life Insurance Sales

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    I worked at AXA Advisors full-time

    Pros

    You get to set your own hours

    Cons

    Dont know how to properly advise...they just peddle life insurance.

    Advice to Management

    Learn more about finance


  10. Great Training But That's It

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Professional in Los Angeles, CA
    Former Employee - Financial Professional in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great place if you're new to the industry. Training is good for overall product knowledge in life vehicles. You will get a good understanding of the uses and needs of life.

    Cons

    They seriously believe Cornerstone is the almighty one all best investment. Pay is crap. 2,000/ month in the rbg. You're dealing w cafe, maintenance, aids, and teachers. The creme brûlée client with wealth management needs, lol. LPL system is complete cramp. Not much is spoken about managed money. It's primarily a life insurance company.

    Advice to Management

    Pay more. Get rid of 6 month contracts and step up to the plate. Otherwise you'll be training with high turn over and be another insurance company. Wall St. will not take you seriously. If there was a way to give them half a star I would. 1 star is too high IMO.


  11. Hostile - Horrible place to learn the business

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Albany, NY
    Former Employee - Financial Advisor in Albany, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    The branch structure is designed to really help new people learn and grow in the business. Training in various locations throughout the country is always a nice perk.

    Cons

    The branch I was at had a lot of issues, an absentee Branch Manager and zero support. Orphaned clients have talked about a "revolving door" of advisors.

    Advice to Management

    Take a good look at the branches in New York.



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