AXA Advisors Reviews | Glassdoor

AXA Advisors Reviews

Updated May 21, 2017
641 reviews

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Full-time Part-time

3.7
Star Star Star Star Star
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
204 Ratings

641 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. "Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in New York, NY
    Current Employee - Financial Consultant in New York, NY

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

    Pros

    -Great resources and benefits packages

    Cons

    - Long hours due to independence


  2. "AXA Advisors"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Milwaukee, WI
    Current Employee - Consultant in Milwaukee, WI

    I have been working at AXA Advisors full-time

    Pros

    Management is great and very personal

    Cons

    Long hours with a lot of sales training

    Advice to Management

    Keep up the good work


  3. Helpful (1)

    "Great potential for long-term career if you're willing to put in the work.."

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

    I worked at AXA Advisors full-time (More than 3 years)

    Pros

    -Running your own schedule: You set your own hours but its a very competitive field so if you're not working 50+ hours a week in your first two years you won't make it for long. If you put in the hours and see enough people, you're bound to get some good clients.

    -Uncapped Income: For most advisors, you're going to come across a few clients that close big cases for you and you earn big commissions. Truly uncapped but again depending on how much work you put in, and how lucky you get, to come across such big cases.

    -Plenty of resources: AXA does give you the tools to succeed but they won't hold your hand the entire way. It's up to you to go out and do the market researching, lead generating, and all other types of income-generating activities that takes for you to succeed. If you're self-motivated and can manage yourself, you're going to do great.

    -Great environment: My team was great and we all got along very well. I made very close friends in the time I was there. My team would plan team-trips once in a while just to hangout outside the office, and the company itself provides company-trips for those who qualify.

    -Location: I worked in the midtown Manhattan branch and the office was very nice. Many companies close by to prospect at, many good food choices, and access to all types of trains. When clients would come over for a meeting they mostly would compliment the nice reception/conference room area.

    -Long-term opportunities: You truly set your own future here. If you want to be just an insurance agent then you can focus on insurance and make a great living. If you want to be just an investment advisor then AXA offers great funds through LPL Financial (it will just take you a while to build your book). You can become a manager after a couple of years and train people. The choice is yours, just make a decision and commit to it if you want to last.

    Cons

    -Your entire income is through commissions. If you stop working hard and stop prospecting, then your income will show in a month or so when the business starts slowing down. This can be an issue if you don't have any savings on the side.

    -Negative Commissions: Most of the commission you take on life-insurance products are "paid up" commissions, which means that they are paying you a year's-worth of commission upfront in anticipation that the client will keep paying their premiums as they promised. If the client does not pay most of what they promised, then AXA will take back what they paid you in commissions accordingly. This can be an issue if you close a $5,000 commission client, then 6 months later the company tells you that the client stopped funding their policy and now you're in a hole of $3-5K with AXA and they will take it off from your next commission until its all paid off. Again, if you're not prospecting constantly, and managing you existing clients, then you're gonna find yourself in some tough situations.

    -Big push for insurance products: AXA is a financial firm with a strong focus on insurance (life, disability, long-term care, variable annuities, etc.) If you're not selling insurance products then your not making a lot of money.

    Advice to Management

    Focus on training agents better on whats going on in the markets. Insurance is very important but its only a piece of financial planning.


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  5. Helpful (1)

    "Great culture with plenty of room for growth."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in San Diego, CA
    Current Employee - Financial Consultant in San Diego, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    I joined AXA to learn a new business and take on a new challenge. The company has great benefits and I recommend taking advantage of the stock purchase plan.

    Cons

    The office rent is high but it is in a beautiful building so justified. Some new advisors have complained about lack of guidance from management. There are plenty of other advisors that will help you if you do not hit it off with your manager.

    Advice to Management

    Stay true and do not sugar coat the reality of job. Most that are attracted to the position are intelligent and will appreciate an honest approach.


  6. Helpful (2)

    "Sales job"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Representative in Los Angeles, CA
    Current Employee - Registered Representative in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at AXA Advisors full-time

    Pros

    The employees are all great, the senior employees are very helpful, and the hours are very flexible. Also the company events are cool

    Cons

    It's a sales culture because most of your salary is based on commission which incentivizes you to sell products and service


  7. Helpful (5)

    "Not what I was promised - I will be leaving this horrible pyramid scheme soon!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in Buffalo, NY
    Current Employee - Financial Consultant in Buffalo, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    The flexibility of your schedule

    Cons

    Managers lie to recruits and promise rainbows of unlimited income - they will hire ANYBODY which has given this place a horrible reputation. It's getting to the point where you talk to a potential client and they know about AXA because they or someone they knew got scammed by a family or friend into putting all of their money into an expensive AXA annuity and then they left AXA soon after.

    The only people who win at this game are the managers who end up inheriting the clients left behind

    Advice to Management

    Hire people that will have a chance of making it in the industry. Stop focusing on upping the "body count" and stop lying to people. Managers are judged on how many people they hire which leads to garbage man today and "Financial Consultant" tomorrow

    I will be leaving this horrible place within a month to get a real job!


  8. 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


  9. "Great Place to Work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Syracuse, NY
    Current Employee - Anonymous Employee in Syracuse, NY
    Recommends
    Positive Outlook

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

    Pros

    You really feel like a part of a family at AXA. As a Financial Professional, AXA provides you the tools and training you need to build your practice and be successful. Trainings and meetings are held throughout the year to help keep you on top of the industry, and the staff is knowledgeable and supportive in helping you along the way. From a cultural standpoint, there are many events held throughout the year to build - from client appreciation events to branch night outs to incentive trips. AXA works to recognize your hard work and show that it is appreciated.

    Cons

    The only con is if you're not working here!


  10. "Great company, great place to build a career"

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

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

    Pros

    Culture in the office is wonderful, advisors with all experience levels are always willing to help in their specialized areas which leads to a positive work environment

    Cons

    Long hours early in the career are necessary to build a business

    Advice to Management

    Continue doing what you are doing which is positively impacting peoples lives.


  11. "Wonderful company in a challenging field"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in San Diego, CA
    Current Employee - Manager in San Diego, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Local Leadership cares about the branch and the reps deeply. Commissions are higher than most competitors. Lots of Products. Excellent sales training. Good benefits.

    Cons

    It's a highly competitive field. If you don't pass licenses you are terminated. Income will be inconsistent for a while. Lots of prospecting is required.

    Advice to Management

    Hire more serious sales people.


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