AXA Advisors

  www.axa-equitable.com
  www.axa-equitable.com

AXA Advisors Reviews

Updated December 18, 2014
Updated December 18, 2014
319 Reviews
3.3
319 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
88 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

Employee Reviews

Sort: Popular Rating Date
  1.  

    Con Job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Scottsdale, AZ
    Current Employee - Anonymous Employee in Scottsdale, AZ

    I have been working at AXA Advisors

    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 ManagementAdvice

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

    Doesn't Recommend
    Disapproves of CEO
  2.  

    not a good company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Advisor in Dallas, TX
    Former Employee - Advisor in Dallas, TX

    I worked at AXA Advisors

    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 ManagementAdvice

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

    Doesn't Recommend
    Disapproves of CEO
  3.  

    Run after you get your licenses!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Consultant in New York, NY
    Current Employee - Financial Consultant in New York, NY

    I have been working at AXA Advisors

    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 ManagementAdvice

    Ethics Ethics Ethics

    Doesn't Recommend
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 2 people found this helpful  

    working as an Axa Advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Professional in San Francisco, CA
    Current Employee - Financial Professional in San Francisco, CA

    I have been working at AXA Advisors

    Pros

    If you like Axa Equitable as a company, than Axa is the place for you. If you want to be a more well rounded advisor and think outside the box, it is not.

    Cons

    Working at Axa Advisors is best described as working as a sales rep for Axa Equitable. The advisors have the ability to sell a multitude of financial products, but every incentive in the world to sell only Axa Equitable products, which are obviously not the most appropriate in every circumstance.

    Advice to ManagementAdvice

    My advice to management is that they treat thier employees better. Don't nickel and dime them as much as you do.

    Doesn't Recommend
    No opinion of CEO
  6. 4 people found this helpful  

    Don't touch axa with a 10 foot pole!

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

    I worked at AXA Advisors

    Pros

    If you're a cold calling machine...prepare to be a millionaire!
    Of the less than 1% who make it successfully the contracts and comissions are some of the highest in industry.
    They have joint partners and experts in all types of planning.
    They have advisors and offices everywhere!
    The experienced advisors are some of the best planners in the industry,very professional and polished.
    Great place for advisors who come with a market already and can easily achieve goals,you will make more money here.

    Cons

    Poor management
    Pre contract period where you give all your natural market with no comitment from axa
    No pay..at all...must put up over $500 out of pocket for exams..
    Spray and pray environment........interview 1000 people...5 crazy people join..cold call till you die..see dozens come and go..demoralizing...
    Stressful environment with management breathing down your neck for calling hours, 15 appts etc..
    If you do not raise between $3k to $7k in first 6 months...you're most likely done..and they keep your natural market will be passed on to another senior adviser..they claim work hours are flexible..but expect you there 8am to 8pm every day of the week..including Saturday...
    Many other companies are far more competitive than Axa in terms of initial compensation and you can get a contract right away somewhere else...people do not buy companies..they buy you
    One of the worse places for new people to start as an advisor

    Advice to ManagementAdvice

    If you offered a small base for the first few years with comissions,your company would interview and retain higher quality people. Which would mean less time wasted by mangers interviewing 1000 low quality people to find gem. As well, this would greatly improve the reputation of the firm as management would be more selective with candidates and would make being an axa advisor something to aspire. As well, the gorilla campaign cannot erase the bad taste left in the mouths of thousands of failed pre contract advisors and their orphan clients who were their natural market. What a terrible system..even if it makes you profitable. Simply attract good people with nice initial compensation and fire those who do not meet expectations.

    Doesn't Recommend
    Disapproves of CEO
  7. 2 people found this helpful  

    Very unethical.

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

    I worked at AXA Advisors

    Pros

    Freedom to work how and when you want.
    Very little to no micro-management.
    Incredible amount of earning power if you stick with it 5+ years or have people working under you.

    Cons

    The interviewer completely misrepresents the position as being a financial advisor that helps people with their finances. In reality you are a sales person that will end up mainly selling life insurance to people who don't need it.
    Very unethical sales strategies.
    The best way to make money is basically lie (mostly by omission but sometimes outright) about the products features, and if you are an ethical person you will go broke from paying gas and food expenses.
    No help and very little pay first 2 years.
    More of a fraternity than office.
    They call it a multi-level marketing strategy, which are fancy words for pyramid scene. Your boss will make money on everything you sell.
    Working there will give you absolutely no skills or experience that will be transferable to another employer.

    Advice to ManagementAdvice

    Represent the job accurately to new recruits. Explain that it is a sales position. Monitor sales practices more closely (stop employees lying to get a sale).

    Doesn't Recommend
    No opinion of CEO
  8. 1 person found this helpful  

    Compentence is not important

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at AXA Advisors

    Pros

    some of the people are nice. AXA pays well at the upper levels. Benefits are good but expensive.

    Cons

    most of the good managers were forced out in 2007. there is no career path unless you have a prior attachment to the current management Hard work is rarely rewarded. Thinking out of the box is not encouraged at all. Staff is treated badly. We should keep our heads down and just be happy we have a job. If we don't like it....then leave....there are plenty of people out of work to take your place.

    Advice to ManagementAdvice

    Stop running the broker dealer by the buddy system. Reward accomplishments not friendships

    Doesn't Recommend
  9. 2 people found this helpful  

    If this would be your first job in financial services -RUN, and don't look back

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Consultant in Edison, NJ
    Current Employee - Financial Consultant in Edison, NJ

    I have been working at AXA Advisors

    Pros

    flexible schedule, ability to choose your joint work partner and decide commission splits amongst yourselves

    Cons

    Everyone lies to you, about everything. Start-up costs are never completely disclosed, same goes for on-going expenses (about $450 per month, not including health insurance costs and any marketing you want to do). IF you actually make any money, the commission statements are impossible to read, and costs are deducted -often ending in NEGATIVE commissions that go into "recovery" that they will send lawyers after you to regain. There are SO MANY negatives here, it's rediculous. Unless you have a pre-established book of business you KNOW you can work, DO NOT WASTE YOUR TIME HERE!

    Advice to ManagementAdvice

    pay a true base salary, have SOME sort of structured training program; mandate pairing your senior agents with newbies so they can actually learn something

    Doesn't Recommend
    No opinion of CEO
  10.  

    Cannon Fodder

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

    I worked at AXA Advisors

    Pros

    Opportunity to learn about the benefits of various financial products

    Cons

    You are tied to the manager who hired you. Sales production is the only goal. Earnings come very slowly and are shared with your manager.

    Advice to ManagementAdvice

    Change the name to AXA Insurance Sales

    Doesn't Recommend
    No opinion of CEO
  11. 1 person found this helpful  

    Treat you like real crap

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

    I worked at AXA Advisors

    Pros

    set your own schedule, lots of flexibility, easy to get hired, set your own schedule, very empowered in regards to work ethic

    Cons

    every person in a setting like this is a huge phony. not only that, but the little training that you get basically teaches you to squeeze every dollar out of people that you can. the company itself adheres to this by squeezing every dollar out of you that it can. they pay for NOTHING. not even pencils! even the senior management will go out of their way to try and get your commission if they can find a way. trust me. i've seen it happen

    Advice to ManagementAdvice

    there's no real advice to give other than: learn to respect your fellow human being as a person and not a money-making machine.

    Doesn't Recommend
    Disapproves of CEO

Work at AXA Advisors? Share Your Experiences

AXA Advisors

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.