AXA Advisors

www.axa-equitable.com/axa/careers/axa-advisors.html
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Helpful (4)

Good learning experience, wouldn't recommend

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Consultant
Current Employee - Financial Consultant
Doesn't Recommend
Negative Outlook
Approves of CEO

I have been working at AXA Advisors full-time (More than 3 years)

Pros

Lots of resources, strong insurance brands, LPL Financial Brokerage Platform

Cons

Commission Only, Extremely high cost to operate your practice (at least 20-30k per year), Nickel and dimed for supbar technology and marketing material. No formal training program with a focus on small account production. Compensation & Benefits are too tied to your insurance production. They claim independent open-architecture but the only products they really want you to sell is AXA Equitable Life Insurance and Annuities.

Advice to Management

It's not AXA Equitable, it's AXA Advisors. Insurance is not the end all be all for financial planning. Invest in your producers with a base salary and stop charging them for everything. Also, train your producers to build a pipeline of prospects with minimum asset levels. They spend far too much time servicing non profitable clients with under 100k in assets and don't have the platform to support HNW clients. They can't live and die by VUL and VA's because post financial crisis clients expect a lot of liquidity and are very fee conscious.

Other Employee Reviews for AXA Advisors

  1. It was an ok experience

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

    Pros

    Get to know people in insurance industry

    Cons

    Too much work for intern


  2. Helpful (1)

    Chop shop

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Professional
    Former Employee - Financial Professional
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    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.


There are newer employer reviews for AXA Advisors
There are newer employer reviews for AXA Advisors

See Most Recent

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