AXA Advisors Financial Advisor Reviews | Glassdoor

AXA Advisors Financial Advisor Reviews

Updated April 8, 2017
158 reviews

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Financial Advisor

3.6
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
62 Ratings

Employee Reviews

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Pros
  • It is true that you can make a lot of money right out of the gates (in 17 reviews)

  • Ability to make A LOT of money (paid for what you do) (in 16 reviews)

Cons
  • No base salary until you make 15 applications and/or 3,000 PCs (production credits) (in 21 reviews)

  • This of course is after you have recruited your friends and family to the company (in 21 reviews)

More Pros and Cons

  1. Helpful (3)

    "AXA Advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Washington, DC
    Current Employee - Financial Advisor in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at AXA Advisors full-time (More than a year)

    Pros

    Having worked in the RBG (Retirement Benefits Group) for just about 2 years now, I have learned an incredible amount most of which I probably would not have learned had it not been for accepting a position here at AXA. When you join, you join a family. This job takes discipline and perseverance and you have a team of other advisors that will push you to do your best. If you are the type of person who loves a great community that provides the resources you need as well as having the opportunity to meet and help someone new every day this is a great place.

    The people and culture is incredible.
    Experienced advisors are always open and willing to help out newer advisors.
    No shortage of training.
    Always potential for joint work.
    Many opportunities for advancement (Management, Producer Groups, etc.)
    Flexible work schedule. (Later in Career)

    Cons

    Though many training's are offered some tend to become repetitive.
    Credentialing and Licensing is a long process and expensive.
    If in the RBG there is a lot of driving.
    Have to work long hours and weekends early on to succeed.
    Pay is variable, never guaranteed a paycheck

    Advice to Management

    Work on setting up training's that will aid in the building of a business (i.e. do's and dont's, having experienced advisors give their experiences, etc.)
    Keep Training Different! Many training's are extremely repetitive.
    Focus more on coaching DSF to walk before having them go into a full on sprint.


  2. Helpful (1)

    "Financial Advisor"

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

    I have been working at AXA Advisors full-time (More than 10 years)

    Pros

    flexibility and unlimited income potential

    Cons

    low income in year 1-3, little practical support, poor culture


  3. Helpful (4)

    "SCAM"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Austin, TX
    Former Employee - Financial Advisor in Austin, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    You get to be in the trenches with your coworkers that grows a strong bond. Hot chicks work there

    Cons

    100% commission. They make you bug your family & friends to do business and hurts relationships along the way. Management is terrible. Only hire individuals from wealthy families so they can infiltrate their pocket books.

    Advice to Management

    Don't feed employees false hope. Be honest from interview #1


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  5. "Great place to start your practice"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Raleigh, NC
    Current Employee - Financial Advisor in Raleigh, NC
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at AXA Advisors full-time (Less than a year)

    Pros

    -Good Sponsorship program
    -Good Training program
    -Unlimited earning potential
    -Fun work environment

    Cons

    -Long hours
    -Difficult licensing exams
    -Upfront costs


  6. "Hard Work With A Lot of Opportunity to Grow"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Raleigh, NC
    Current Employee - Financial Advisor in Raleigh, NC
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at AXA Advisors full-time (Less than a year)

    Pros

    Great work environment where help is always available when needed
    Great opportunities for advancement and management positions
    -Good balance of employee experience levels
    -No salary cap
    -Promotions awarded on merit basis

    Cons

    -Long hours
    -Difficult licensing process
    -Tough to get started

    Advice to Management

    Buy more coffee and do more office outings


  7. "Chop Shop"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in New York, NY
    Former Employee - Financial Advisor in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Interesting people, light-hearted atmosphere

    Cons

    Pyramid Scheme esq, little to no training at all, on your own.

    Advice to Management

    Improve training


  8. "AXA Atlanta, GA Branch"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Atlanta, GA
    Current Employee - Financial Advisor in Atlanta, GA

    I have been working at AXA Advisors full-time (Less than a year)

    Pros

    A great place to work. Extremely good training materials and helpful experienced sales force. The challenge is to get potential clients to let us show them the appropriateness of our programs.

    Cons

    Not for the faint hearted. You have to believe in yourself, and be able to give yourself time to grow, and to trust the advice and participation of colleagues. The concept of Commissioned earnings may be intimidating. The Benchmark thresholds seem inflexible.

    Advice to Management

    Give new starters a little more time to grow. The body of material is immense but interesting and pertinent. Reassess the mentoring program on a continuous basis.


  9. "Financial Professional"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Columbia, MD
    Current Employee - Financial Advisor in Columbia, MD
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at AXA Advisors full-time (Less than a year)

    Pros

    Great work place and culture

    Cons

    The training program wasnt what I expected


  10. "Don't Work for AXA Advisors"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Woodbridge, NJ
    Former Employee - Financial Advisor in Woodbridge, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    They have an office to go to every day.

    Cons

    No Management of employees, no instruction on how to become a good financial advisor, the product being offered isn't special and they shouldn't have to cold call your family to generate business.

    Advice to Management

    There are a lot of different pieces of advice I would say to AXA's management, but I'll keep it to three things: I would help your new financial advisors with having a salary until they are good enough to generate the commission on there own, I would have analysts and market trackers in the office to best give the advisors the proper information and I would suggest they have the senior advisors there go through extensive management training to properly train the advisors.


  11. "Advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Houston, TX
    Former Employee - Financial Advisor in Houston, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at AXA Advisors full-time

    Pros

    Got client experience and the company reimburses you for certification.

    Cons

    Hard to initially get clients. The primary market is teachers.

    Advice to Management

    Give a higher base salary