AXA Advisors Reviews | Glassdoor

AXA Advisors Reviews

Updated September 19, 2017
709 reviews

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3.8
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
230 Ratings

709 Employee Reviews

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Pros
  • Unlimited earning potential, flexible schedule (get what you put in), growing need for the industry, "be your own boss" (in 19 reviews)

  • You can make a lot of money doing very good work by working for AXA (in 18 reviews)

Cons
  • No base salary until you make 15 applications and/or 3,000 PCs (production credits) (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. "Preliminary Prospective Sales Associate"

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

    I have been working at AXA Advisors part-time

    Pros

    Strong team support, opportunity and help.

    Cons

    I haven't there long enough to identify significant cons


  2. "Intern"

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

    I worked at AXA Advisors full-time

    Pros

    Great Management. Good hours and very insightful meetings

    Cons

    No downsides come to mind

  3. "Financial Professional"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at AXA Advisors full-time

    Pros

    You have a flexible schedule

    Cons

    No established mentor or training.
    You will learn to sell one product and you will not really grow.
    You are pretty much on your own and will have to use your own funds to run your business with no support.


  4. "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    I worked at AXA Advisors full-time

    Pros

    In theory the job sounds great as your earnings potential is limitless and you are the manager of your own schedule.

    Cons

    As a new employee the training program is not sufficient enough to fully prepare you for what the job actually entails.

    Advice to Management

    It would be great if the managers spent more hands on time with each advisor during the first few months.


  5. "Training Process and Communication Needs Improvement"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Associate in Los Angeles, CA
    Former Employee - Sales Associate in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    -Employers really care about you face to face
    -Employees are friendly and nice

    Cons

    -One of the managers is not very professional language wise, uses swear words a lot to express himself. Made me feel uncomfortable as a new comer. He never swore to insult me, he just expresses himself that way.
    -Phone interviews and meetings were always late, never on time.
    -My start date was not honored, and I couldn't even finish the training process because I was still in the process of getting licensed. Perhaps it was my fault for not asking more questions but this was very upsetting to me.

    Advice to Management

    Have staff dedicated to training and bringing in new recruits. They should be communicating with recruits every other day and walk them through every SINGLE detail about whats required before the start working. I would have loved to work with them if they were not so disorganized and unclear about the training process. The process was so frustrating that it left a very bad taste in my mouth.

    -When hiring focus on telling the employees what value AXA brings to the marketplace and why they should work there. Don't put so much emphasis on salaries and tell recruits how much they could make.


  6. Helpful (1)

    "Great career opportunity for talented individuals with incredible work ethic."

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

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

    Pros

    Control your future.
    Help individuals and business owner clients achieve long term financial goals.
    Unlimited income potential.
    Flexible schedule.
    Great team environment.

    Cons

    I do not have any coms. It has been a great 20+ years with incredible income potential. This is a great place for those individuals with the work ethic and a long term view of building a great career.

    Advice to Management

    Keep being great coaches


  7. Helpful (2)

    "Focus is on sale of commission based products"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Phoenix, AZ
    Former Employee - Financial Advisor in Phoenix, AZ
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Initial training product training is good. Branch operations/compliance support is great.

    Cons

    Compensation structure for new financial advisors remains weighted toward commission based products. To be successful and keep your contract you'll need to sell a lot of cash value life insurance and variable annuities. This may not be in the clients' best interest, and new advisors will be hard pressed to navigate this conflict or interest with the focus of doing what's best for the client. Additionally, and perhaps reflecting the AXA's priorities, in response to the DOL ruling, for retirement accounts the only approved variable annuity with income benefits is AXA's own proprietary product. This seems contradictory to the intent of the DOL ruling as other carriers such as Lincoln and Prudential also have similar products.

    Advice to Management

    Other firms have modified their compensation structure to place greater emphasis on new assets regardless of whether invested in advisory accounts or commission based products. AXA seems committed to serving their clients only at the suitability level. If that is is your intent then make it transparent to the client.

  8. Helpful (1)

    "Financial Advisor"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Negative Outlook

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

    Pros

    High Earning Upside, Office located in highly competitive area

    Cons

    Work-Life balance is terrible for incredibly low pay initially. The base salary + commission structure is a scam, and the hiring managers are known for lying about pay structure and work expectations.

    Advice to Management

    Be Transparent. Quite Lying.


  9. "Branch Digital Advisor"

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

    I worked at AXA Advisors full-time

    Pros

    -Clientele provided for you
    -Base salary + commission

    Cons

    -Gonna be calling people all day
    -Long hours


  10. "Good if you're hungry"

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

    I have been working at AXA Advisors full-time

    Pros

    Lots of experienced advisors to lean on if you have questions
    "Unlimited" earning potential if you're good at it

    Cons

    Starting out your success can be heavily dependent on your natural market
    No salary/base pay until you've sold a certain amount to get on contract

    Advice to Management

    Invest in your employees!


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