AXA Advisors Reviews | Glassdoor

AXA Advisors Reviews

Updated June 30, 2017
29 reviews

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Current Employees

1.0
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
7 Ratings

29 Employee Reviews

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Pros
  • It is true that you can make a lot of money right out of the gates (in 18 reviews)

  • Ability to make A LOT of money (paid for what you do) (in 17 reviews)

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

  • Long hours with a lot of sales training (in 37 reviews)

More Pros and Cons

  1. "liers"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Beverly Hills, CA
    Current Employee - Financial Advisor in Beverly Hills, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    nothing good! management is in 0 level!

    Cons

    lying, lying ,lying.Never trust this company.

    Advice to Management

    Hiring is not important, more important train and support your workers. You only thinking about your pocket,nothing else.


  2. Helpful (9)

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

    StarStarStarStarStar
    • 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!

  3. Helpful (2)

    "Don't"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Pay well in the first year

    Cons

    Allow those who make management money to do and say whatever they want.

    Advice to Management

    Institute a zero tolerance policy for sexual harassment, don't transfer the offender to another branch


  4. "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in San Francisco, CA
    Current Employee - Financial Advisor in San Francisco, CA
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Overall AXA is a good company. There are Mentors that are truly interested in your success.

    Cons

    Managers that are not sensitive to diversity which includes women, working mothers and people of color. I can't speak for all branches, but the San Francisco branch is like a car salesman. They do not do holistic comprehensive Fact Find. They only care about the numbers and volume.
    Managers rush a sale to make numbers. And when numbers are not made. They blame the advisors. When you complain to upper management, they defend their managers because they only look at the numbers. Just because a manger makes a sale and it looks great on paper, it does not make them a great manager that truly cares about the success of their advisors. The SF office is a young office of 20 years old advisors and 30 year old managers that shoot from the hip. They do not bring value to the table. I have lost a few sales because of this.
     It is not an environment for mature women and working mothers. The managers do not care. They hire diversity for for quota only. There is much prejudice in the office, unless you are willing to be whorish to save your position.

    Advice to Management

    Take a lesson on management and diversity, not just look at numbers, but be truly sensitive to diversity.


  5. "Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Edison, NJ
    Current Employee - Financial Advisor in Edison, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Reimbursed licensing nice office nice employees

    Cons

    Everything else is very bad including the products and no leads


  6. Helpful (4)

    "I didn't like working for free."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in Bellevue, WA
    Current Employee - Financial Consultant in Bellevue, WA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Don't work here. There are none.

    Cons

    It's not worth your time and money.

    Advice to Management

    Pay your advisers to come to work.


  7. Helpful (2)

    "Bad experience waste of time"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Fort Lauderdale, FL
    Current Employee - Financial Advisor in Fort Lauderdale, FL
    Doesn't Recommend
    Disapproves of CEO

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

    Pros

    Big company. Not many pros unfortunately. Great location.

    Cons

    many false promises to get you in. Didnt deliver promises. Left you alone to do business like independent not office support as promised. Push there products not real full service and brokerage as claimed.

    Advice to Management

    Get a new manager. Get new life in the office. Do you really want to grow with new people? or just numbers game.

  8. Helpful (5)

    "Exploits new recruits than toss away"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Professional in Los Angeles, CA
    Current Employee - Financial Professional in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    There is absolutely nothing good about this company. Wish I could give 0 stars.

    Cons

    Everything. They continually hire new people to exploit their natural market and once they are out there is absolutely zero support from the company and pushes the out. There is no chance of turning this into a life long career.


  9. Helpful (3)

    "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Dallas, TX
    Current Employee - Financial Advisor in Dallas, TX
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Wide variety of resources since the company is international . Company provides decent sales training if you are new to sales. You will virtually be just a salesman who calls themselves a "Financial Advisor" and you don't even have to have any type of financial background to be a financial advisor which is totally ridiculously sad but true

    Cons

    Company will tell you whatever they think you want to hear to get you in the door. They will tell you that you will earn 100k + if you just work hard which only 2% of advisors really make annually . Most advisors make around 20k their first year and you will be fired if you don't meet certain quotas. It's a revolving door company policy and after most employees really see what the company is about they leave. There is over a 60% turnover rate annually so you can do the math

    Advice to Management

    TELL THE TRUTH !! Applicants deserve that at the minimum! Don't just try to get individuals in the door!


  10. Helpful (4)

    "Don't start your career here!"

    StarStarStarStarStar
    Current Contractor - Financial Advisor Trainee in New York, NY
    Current Contractor - Financial Advisor Trainee in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Sponsorship for Series 7, Series 66 and Life, Accident and Health exams.

    Cons

    Dishonest management
    Unknown fees- $400 to rent a desk every month + other fees like using AXA's website which they won't tell you in the hiring process
    incompetent HR-took over 6 weeks for one HR person to process my information so I could take my Series 7
    Little to know training-In less you consider tactics of harassing people on the phone training
    You can't make a long distance call or print a piece of paper without AXA charging you
    If you sell brokerage you have to pay ALL of your own transaction fees
    Get ready to fork over 50% of your commissions to your supervisor when you're starting
    NO SALARY starting out-naturally when you're starting you'll need to pass your exams and build your book so don't count on AXA to get you through those first couple of months. Just so you know the average for starting brokers is anywhere from 300-1000 salary while training.
    They'll take anyone with a pulse off the street and hire them
    They're so desperate they reach out to people that have quit and try to get them back (I've probably received about 10+ phone calls from recruiters since I stopped working there).
    Also...before you start working there just google "AXA Advsors" you'll probably hear more of the same, but check out how many law suite they've been involved in.

    Advice to Management

    None, this company is hopeless.


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