AXA Equitable Reviews

Pros

flex schedule. will pay for series 66 and 7. everyone is treated fairly and equal opportunity for advancement in every branch.

Cons

you must get your own clients. this can be hard in the area near where you work because senior mangement probably took most convenient clients

Advice to Senior Management

try to make a higher salary based pay depending on how well the employees have been doing to advance in the company.

Pros

You largely get to choose your own hours, seeing as how you are employed by yourself. Get sponsorship for your licensing. . . good to have in finace.

Cons

It's an environment that is about selling. As in many "sales" positions you must sell and meet the numbers to be in good standing with management. Not a lot of opportunity for sophisticated financial planning

Advice to Senior Management

More attention to the advancement of employees within the organization. There were far too many times that I didn't feel like an individual important to the company, just a number to produce "numbers"

Pros

Great training program from the San Diego branch. This could be largely a function of the management at that particular location as I noticed that many other consultants from throughout the country were much less educated and savy when conversing with them at conventions and training functions. Good suite of products to offer.

Cons

The neccesity to sell a minimum amount of proprietary products in order to "validate", have your expenses covered, made it difficult to offer truly unbiased recommendations all the time. However, this is the case at most if not all large insurance/investment outfits.

Advice to Senior Management

Continue to focus on training and development but integrate more training on prospect generating and not just product and planning related.

Pros

AXA will pay you very well once you start under contract, which can take up to three months. You usually make 3% of all the money you bring in, depending on what you are selling. Company is very focused making your numbers. You can either choose a salary($24,000) plus 50% commissions or all commissions plus bonus. Some make over $500,000.

Cons

You do not get paid for the months before you sign your contract other than any commissions. I went three months before collecting any money. It is very political and older advisors tend to rule the building.

Advice to Senior Management

Pay something for months before signing contract. Allow mentoring from experienced advisors.

Pros

This is a great company to work for, there are global opportunites, the pay is competitive and we are given quite a bit of vacation time for the year, as well as "unlimited" sick days.

Cons

The yearly performance review process is painful, there are a lot of processes that seem unnecessary other than to keep HR in business.

Advice to Senior Management

Get rid of the performance reviews, they are a waste of time. Also, control expenses, but don't make it impossible for me to order pencils without getting approval from 2 managers.

Pros

they dont know what I do

Cons

Profits come from proprietary products vs advisors so they really only care about producers who push the company store

Advice to Senior Management

good luck

Pros

Management is looking to empower employees to provide their ideas to provide a better company for all stakeholders. AXA is an extremely merit-based environment and an excellent place to work.

Cons

Fear of speaking out of turn in a hierarchical environment. Further there appears to be significant disadvantage in career trajectory and recognition in traditionally

Advice to Senior Management

Encourage mentoring program and collaboration among all departments, with emphasis on overlooked departments, where many "stars" tend to hide.

Pros

Great Benefits, Paid on par with the market. Flexible working Hours. Some departmets are laid back and lack the sense of urgency.

Cons

Not much growth. Some departmets are laid back and lack the sense of urgency. Good place to work if you are not ambitious or close to retirement..

Advice to Senior Management

Wake up and be agile.

Pros

sky is the limit with income (commissions). professional atmosphere. series 7

Cons

commission based salaries are unstable. cold calling

Advice to Senior Management

Not sure.

Pros

good job growth opportunity
set your own schedule

Cons

poor management and training
have to pay for expenses yourself

Advice to Senior Management

In order to improve employee morale, better managers should be placed in each department. If they can groom a group properly, everybody profits.