AXA Advisors Reviews in Portland, OR | Glassdoor

AXA Advisors Portland Reviews

5 reviews

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Portland, OR Area

4.2
Star Star Star Star Star
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
2 Ratings

5 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 is annoying really (in 22 reviews)

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

More Pros and Cons

  1. "Great Local Leadership"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Portland, OR
    Former Employee - Anonymous Employee in Portland, OR
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at AXA Advisors (More than 5 years)

    Pros

    I worked at AXA Portland for over 5 years. I've seen that the local management really cares about their Advisors and their clients. Their doors are always open to employees and advisors, from the most successful to the newest and most struggling, and they try their best to give everyone the tools and mentoring to be successful. Not everyone has what it takes to be successful in their business, but they seem to be doing their best to pick the best people and doing what they can to give them their best shot.
    The office environment is also very positive. Great, friendly, and helpful staff to offer support, and a friendly/competitive camaraderie environment which encourages people to do their best, while also encouraging teamwork. Fun competitions and events, birthday parties, summer picnics, happy hours, etc.
    Professional environment too; management takes care to avoid HR issues and has encouraged a fun, productive, cooperative environment, while keeping things PC and office-appropriate. Though the majority of the Financial Advisors are men, this isn't the place where you'll hear a lot of swearing or inappropriate jokes or comments.
    I was a great place to work and I would recommend it to anyone looking for a positive environment for an admin or Financial Advisor job. Just be prepared to work hard.
    Also, benefits are really good.

    Cons

    Being a Financial Advisor is a tough job! But it's tough everywhere. The retention rate at AXA is higher than at most Financial Service firms, so they're doing something right, even in this extremely difficult industry.

    Advice to Management

    Keep doing what you're doing, and trying new things and making changes whenever you see room for improvement. You've been great at implementing new ideas/processes/programs/trainings.
    To management outside of the local branch: enough with the red tape! Allow individual branches to make their own staff hiring decisions, and allow staff to move up the ranks of the organization without roadblocks.


  2. "Extremely difficult for a young advisors"

    Star Star Star Star Star
    Current Employee - Financial Advisor in Portland, OR
    Current Employee - Financial Advisor in Portland, OR
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Amazing co-wrokers. Great location. Great support system. It just will not work for most people, even if they are good.

    Cons

    It is hard. You literally have to become an over-night salesman and a really good. This is a life insurance company. There are opportunities to do some wealth management, but you bosses will highly encourage you to look at life insurance.

    Advice to Management

    It's a good business and you are helping some people. There needs to be greater mentorship here. You have extremely talented people that can make you lots of money if you just guide them along better.


  3. "Financial Professional"

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

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

    Pros

    AXA gives you the opportunity to work with an entrepreneurial spirit. Some warm clients may be provided, but you are expected to earn your clients, which leads to a more successful overall relationship

    Cons

    Its a tough business, and its easy to get by management with minimal effort and not be noticed. However, this will come back to haunt you. You will not be successful. The success rate in this industry is 9%.


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  5. Helpful (1)

    "A tough and rewarding career."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Financial Representative in Portland, OR
    Current Contractor - Financial Representative in Portland, OR
    Recommends
    Positive Outlook

    I have been working at AXA Advisors as a contractor (More than a year)

    Pros

    Open architecture - While AXA does have proprietary products, I can still go out to the network if needed to provide the best solutions for my clients. AXA was the closest to being an independent as I could find and still have the backing and training of a very large, successful company.
    Autonomy - Schedule your day the way you want. Your success is in your own hands.

    Cons

    Autonomy - being new to the industry I would have liked more one on one mentoring. In the Portland office there are plenty of useful training meetings but you still have to be very self directed.

    Advice to Management

    Set expectations. I knew going in (Thanks to some personal mentors) that this was a very hard industry to break into. I have seen many people come and go but the one thing they had in common was not truly understanding that it takes time to build a successful practice. This business is very rewarding but difficult to start.


  6. "Financial Professional"

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

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

    Pros

    AXA Advisors is a great place to learn the business and build a thriving financial practice, covering planning, asset management, and risk management. The company provides a combination of online learning, classroom learning, and mentoring. The benefits include commissions, stock options, 401K, and pension plan. Successful advisers typically make over $100,000 after three to four years.

    Cons

    The company makes clear that it is looking for people who are entrepreneurial. This job is not easy. Fewer than 20% of the people that start at AXA Advisors (similar to industry avg.) can make it a career. Advisers after six months most pay E&O insurance, software licensing fee, etc. It adds up, if you're not making money.

    Advice to Management

    AXA needs to improve it's technology. Getting approval for advertising, etc. can be very cumbersome.


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