AXA Advisors

www.axa-equitable.com/axa/careers/axa-advisors.html
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AXA Advisors Reviews

Updated April 22, 2015
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Employee Reviews

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  1. A Great Place To Fine Tune Your Skills And Not Worry

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

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    AC, water, and phone worked. Color printer looked nice for the managers otherwise you paid. If you want to be close to your parents this is a great way to move back home to cut back on expenses. Anybody can get a job there, they are very open to anybody that breathes.

    Cons

    MLM style business. Not really taken seriously by the financial industry because its an insurance company. Great business model for shareholders, except you will always be training good talent and they will end up leaving to greener pastures that actually pay more then minimum wage. Turnover is roughly 1.5-2yrs from what I saw. They try to say otherwise.

    Advice to Management

    Quit being cheap and spend the supposedly wealth you make. Toss the cult style Monday night blabbing by that goone. Turn the place into a real financial firm. Spend the wealth for once.

  2. Helpful (1)

    Terrible, management gets better off at other places and leaves interns to their own

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Sales Agent
    Former Intern - Sales Agent

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

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

    Pros

    Relaxing, Flexible Hours, Air Conditioning, Good environment, Some kind people, a TV

    Cons

    If management finds a better company to work for they drop all of their interns to go screw themselves and leave them hanging even though they promised sponsorship for series 7 series 6, etc.

    Advice to Management

    Don't betray your newly interns

  3. Helpful (2)

    Felt mislead and strung along during the onboarding process. Very poor choice for recent college grads.

    • 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

    Pros

    Really none to speak of.

    Cons

    Dishonest, always additing caveats. Invested over $1,000 of my own money to get licenses only to find out that the reimbursement date was contingent upon further sales, not passing the tests.

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  5. Helpful (1)

    Legal corporate pyramid scheme

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

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Unlimited "days off", follow the school schedule for work days

    Cons

    Commission-based pay, paying for office space, miserable co-workers, cannibalistic office mentality, constant pressure to sell life insurance

    Advice to Management

    Quit

  6. Helpful (1)

    Chop shop

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

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Sponsorship for Series exams, entrepreneurship, time management.

    Cons

    Pressure to solicit family and friends, poor guidance, salaried for only the first month then 100% commissions.
    It's a tough business and extremely difficult to begin with any company in this industry.

    Advice to Management

    Focus on providing more guidance for your employees to help get the ball rolling. Stop pressuring new hires to ask all their family and friends for business and instead help them develop a book of clients. Also provide longer financial support for your new hires rather than the one month make it or break it.

  7. Hostile - Horrible place to learn the business

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

    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

    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.

  8. Great Training But That's It

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

    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 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.

  9. Helpful (2)

    Life Insurance Sales

    • 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

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    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. Bad

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

    I worked at AXA Advisors

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

    Pros

    The pros are that the office is in New York, but other than that, none. Unless you like cold calling all day.

    Cons

    No money at first. All cold calling. Your told you'll make a lot but unless your one of the few who gets lucky, you wont.

  11. Helpful (4)

    Don't start your career here!

    Current Contractor - Financial Advisor Trainee in New York, NY
    Current Contractor - Financial Advisor Trainee in New York, NY

    I have been working at AXA Advisors as a contractor (Less than a year)

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

    Pros

    Sponsorship for Series 7, Series 66 and Life, Accident and Health exams.

    Cons

    Dishonest management
    Unknown fees- $400 to rent a desk every month + other fees like using AXA's website which they won't tell you in the hiring process
    incompetent HR-took over 6 weeks for one HR person to process my information so I could take my Series 7
    Little to know training-In less you consider tactics of harassing people on the phone training
    You can't make a long distance call or print a piece of paper without AXA charging you
    If you sell brokerage you have to pay ALL of your own transaction fees
    Get ready to fork over 50% of your commissions to your supervisor when you're starting
    NO SALARY starting out-naturally when you're starting you'll need to pass your exams and build your book so don't count on AXA to get you through those first couple of months. Just so you know the average for starting brokers is anywhere from 300-1000 salary while training.
    They'll take anyone with a pulse off the street and hire them
    They're so desperate they reach out to people that have quit and try to get them back (I've probably received about 10+ phone calls from recruiters since I stopped working there).
    Also...before you start working there just google "AXA Advsors" you'll probably hear more of the same, but check out how many law suite they've been involved in.

    Advice to Management

    None, this company is hopeless.

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