AXA Advisors

www.axa-equitable.com/axa/careers/axa-advisors.html
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Helpful (3)

They get you off to a good start, then drop you for the next newbie.

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

I worked at AXA Advisors

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

Pros

Compensation is decent. They give a sizeable bonus on top of all production your first year, then scaled it down the second year, and the third. Fourth year becomes increasingly difficult to run a practice if you have not built a strong foundation of investment assets.

Cons

Management pushes Life Insurance and Annuities because it is the best up-front commissionable dollars for them. They suck you dry for your family, friends and energy then management leaves you be to wither away. Your incentive to bring in investible assets is minimal, as they do not train you for this, nor do they have knowledgeable investment head honcho's to assist you. After two-years with the company, I did not have a leg to stand on as I was attempting to continuously new clients. Most of the people I entered AXA with have left due to poor management, or just realizing that this is not the way to run a business. I also received a letter in the mail from a law office, six months after leaving AXA. They state that I owe a significant amount of Pre-Paid Commissions paid by AXA to me, without them receiving payment from the policies that I was paid on. Now let's get this straight. I leave a company, six-months later they send a letter, not from their headquarters, but directly from a law-firm in New York. Sounds a little weird to me. I pulled in quite a bit of assets for them, and if you are to leave the firm and commissions have not paid out to you for a policy in under-writing, they keep the commissions, they don't send them to you. So why in the world, after I sold their products and made sure clients paid their premiums would they come after me now? A comapny with $2trillion of assets should realize that they sucked me and my family dry enough.

Advice to Management

Wake up. You need to run a practice that doesn't allow your employees to look at each client as an annuity/life insurance sale. Focus on trying to retain consultants by pushing for asset management, not just quick one time sales is the way to build a trust-worthy and thriving business. Don't come after employees that dedicated years of their career to your company, and ask them for money back for policies that people stopped paying. That is not my problem. You hire people to get them to pay their premiums as you made us, as employees, do to keep your company going.

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  1. Helpful (1)

    AXA Advisors. Expect to hit up everyone you know to buy Life insurance from you.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant in Stamford, CT
    Former Employee - Financial Consultant in Stamford, CT

    I worked at AXA Advisors

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Full benefits and stock purchase plan.

    Cons

    Very low commission and difficult to make money there.

    Advice to Management

    Don't treat advisors like they are petty employees rather than business owners.


  2. Good Company

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Milwaukee, WI
    Current Employee - Financial Advisor in Milwaukee, WI

    I have been working at AXA Advisors

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    AXA has an open architecture structure giving a financial advisor the freedom to run his business how he wants. Great access to products.

    Cons

    With the independent feel of the company there is sometimes a lack of team work. Success is based largely on production numbers only.

    Advice to Management

    Encouraging teamwork will help advisors collaborate with each other. This will drive sales by allowing individuals to focus on their specialties.


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

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