AXA Advisors Reviews | Glassdoor

AXA Advisors Reviews

Updated December 10, 2017
230 reviews

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3.0
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
41 Ratings

230 Employee Reviews

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

  • entrepreneurial, if you want to make a lot you can (in 18 reviews)

Cons
  • no base salary is annoying really (in 23 reviews)

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

More Pros and Cons

  1. "AXA good and bad"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - CFP in Chicago, IL
    Current Employee - CFP in Chicago, IL
    No opinion of CEO

    Pros

    If you have a good network and client base, axa is a good place to conduct your business. The payouts (especially on the BD side) are better than most places. You have the opportunity to use outside companies but not encouraged. It is up to you to run your own business which I like

    Cons

    Tough starting out in this industry and at AXA

    Advice to Management

    Fix the recruiting process and how a "newbie" can start at AXA


  2. Helpful (7)

    "Proprietary Insurance Product Pushers"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in San Diego, CA
    Current Employee - Financial Consultant in San Diego, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Entrepreneurial oriented and flexibility of work schedule.

    Cons

    In the Retirement Benefits Group, you sell high fee variable annuity 403b plans to non profit and public school employees. You are assigned a designated territory with a set number of sites. Towards the end of the school year the market becomes saturated and you need to fight tooth and nail to find new accounts. In September, there are more new staff to sign up and activity increases again. You don't make much in commissions the first few years unless you fall into clients with significant assets which is rare and or you have a natural market. You aren't approved to be on site and solicit employees so you have to sneak around and hope you don't get caught. This gets tiresome after months and months of consciously breaking the rules and facing stiff resistance from administrators, district HR people, and union members.

    Advice to Management

    Don't advertise positions as "financial advisors." They make it sound like you have many ways to "help" people in an advisory role but you are essentially a glorified insurance salesman peddling life insurance and high fee annuities.

  3. Helpful (1)

    "Retirement benefits group"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Representative
    Current Employee - Registered Representative
    Doesn't Recommend
    No opinion of CEO

    Pros

    You have a flexible schedule
    Well established company with in the industry
    Very competitive pricing on life insurance family of products

    Cons

    When you are just getting started it can feel like you are paying them to work
    Technology is outdated and complicated to use

    Advice to Management

    Be more up front when interviewing potentional employees on all the cost of working for AXA and how the RBG platform really works.


  4. "good company. tough for a newbie."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in South Florida, FL
    Current Employee - Financial Advisor in South Florida, FL
    Recommends
    No opinion of CEO

    Pros

    Gret People. Very Professional for the most part.
    Commited to Help you learn.
    Lots of opportunities for joint work.
    If you have a lot of contacts you can make a lot of money here.

    Cons

    VERY VERY difficult to start brand new in the business on 100% commision.
    Management only wants yout to focus on insurance products.

    Advice to Management

    change payout structure


  5. "AXA Advisors- OK intern place if you like sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Intern in New York, NY
    Current Employee - Intern in New York, NY
    No opinion of CEO

    Pros

    Ability to learn about financial products.

    Cons

    No respect given to subodinates.

    Advice to Management

    Pay your interns and give them real work. Not make caller lists only!


  6. "As an intern the environment is pretty laid back, but as a wealth manager it could be intense."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Private Wealth Managemtn Intern in New York, NY
    Former Employee - Private Wealth Managemtn Intern in New York, NY
    No opinion of CEO

    Pros

    It is a good place for a first finance related internship, specially for freshman. It is easy to get a job because wealth managers want cheap college students to do their grunt work. Overall, your experience will depend a lot on your boss so be aware in your interview whether or not you like the person who is interviewing you. You'll be working for them directly.

    Cons

    Not as recognizable a name in the finance world. AXA is big, but it's more associated with life insurance than anything.

    Advice to Management

    Perhaps promote teamwork among employees more. The environment can be hostile because everyone is competing for clients; do things to lessen this competition among employees.


  7. "Tough without base salary"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Manasquan, NJ
    Current Employee - Financial Advisor in Manasquan, NJ
    No opinion of CEO

    Pros

    Freedom, good commissions, access to other insurance carriers, LPL Financial for advisory business, good benefits, stock purchase plan, pension

    Cons

    No base salary offered in Manasquan. Recycled leads that everyone in the office already called. Encouraged to push insurance products, even though we are calling ourselves advisors.

    Advice to Management

    Start offering base salary. It would really help new advisors build a quality business. It would also reduce turnover, but I guess it benefits the company when you leave and they keep the clients you were able to bring in.

  8. "I learned a lot, but I wouldn't stay there long-term."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Phoenix, AZ
    Former Employee - Intern in Phoenix, AZ
    No opinion of CEO

    Pros

    Flexible Schedule - may take many sick days if you are on hourly wage
    Nice co-workers - the staff are friendly
    Relaxed environment - it doesn't seem that there are a lot of performance goals

    Cons

    More of an 'I' spirit than a 'team' spirit
    Not much advancement for staff (those that are not financial advisors)


  9. "Tough."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA
    No opinion of CEO

    Pros

    flexible schedule, nice and fun people

    Cons

    sporadic pay, high expectations, large chance of failure

    Advice to Management

    not sure... it's a tough business


  10. "Okay, not good not bad"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in New York, NY
    Former Employee - Intern in New York, NY
    No opinion of CEO

    Pros

    Good experience for college student just starting out and without any real experience

    Cons

    Not much for interns to do other than make calls.


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