AXA Advisors Reviews | Glassdoor

AXA Advisors Reviews

Updated February 22, 2017
163 reviews

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5.0
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
88 Ratings

163 Employee Reviews

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Pros
  • Ability to make A LOT of money (paid for what you do) (in 16 reviews)

  • Unlimited earning potential, flexible schedule (get what you put in), growing need for the industry, "be your own boss" (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 20 reviews)

More Pros and Cons

  1. "Hard Work With A Lot of Opportunity to Grow"

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

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

    Pros

    Great work environment where help is always available when needed
    Great opportunities for advancement and management positions
    -Good balance of employee experience levels
    -No salary cap
    -Promotions awarded on merit basis

    Cons

    -Long hours
    -Difficult licensing process
    -Tough to get started

    Advice to Management

    Buy more coffee and do more office outings


  2. "AXA Advisors"

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

    I have been working at AXA Advisors full-time

    Pros

    Great culture
    Veteran Friendly
    Younger environment than most practices and still successful
    No income ceiling
     Training for new advisors is top notch compared to other companies in the industry

    Cons

    Long hours
    Upfront payment for licenses but reimbursed later


  3. "Great Opportunity to Succeed"

    Star Star Star Star Star
    • 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

    Great work environment
    Management is supportive and wants to see you succeed
    Earning potential is unlimited

    Cons

    Requires long hours
    Requires licensing which takes time


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Great place to start your practice"

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

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

    Pros

    -Good Sponsorship program
    -Good Training program
    -Unlimited earning potential
    -Fun work environment

    Cons

    -Long hours
    -Difficult licensing exams
    -Upfront costs


  6. "Financial Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at AXA Advisors full-time

    Pros

    No compensation cap
    You set your own work schedule
    Training every morning
    Great support and business processing staff
    Team camaraderie
    Joint work culture

    Cons

    To start your career off right, you have to put in the long hours early
    Full commission is hard to handle in the beginning but pays great in the long run
    Work life balance is non existent
    High expenses each month

    Advice to Management

    The day for most advisors start at 9am, really need to be getting in earlier
    Let the young advisors in the PEP program stay in longer and build pipeline and not just through them in on contract


  7. "AXA Adivsors Review"

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

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

    Pros

    -Management is hands on
    -Joint-work approach
    -Flexible schedule, with no cap on income
    -Support staff is phenomenal
    -Focus on financial planning, compared to product pushing
    -Company provided resources
    -Compensation and rewards
    -Being in front of clients
    -Not behind a desk all day
    -Education

    Cons

    -Licensing courses can be long
    -Work life balance
    -Need more diversity within the overall industry

    Advice to Management

    More DSF support


  8. "Endless Opportunity"

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

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

    Pros

    Uncapped Commissions
    Flexible Hours
    Great Management Team
    Ability to Create a Customized Business Model
    Social Work Environment
    Ability to Impact LIves (Families, Individuals, and Businesses)

    Cons

    Must be Committed to this Career
    Need to be Resilient/Mentally Tough
    Must have Perseverance

    Advice to Management

    Keep hiring young, motivated individuals


  9. "Great Opportunity"

    Star Star Star Star Star
    • 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

    There are excellent training opportunities and you learn a lot very quickly about this business. There is a great support staff here that will help you every step of the way. You are also able to make a great impact with your clients. The culture here is very youthful.

    Cons

    There are pretty long work days and a licensing process that takes some time. You have to be committed to this career.


  10. "Hard Work but worth it"

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

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

    Pros

    Great Training Programs
    Don't need a natural market
    Great Upside Income Potential
    Family oriented work environment
    You build your own business
    Get to have hands on communication with clients and help them reach their financial goals
    Not a desk job, every day will bring something new/exciting
    Great mentorship programs

    Cons

    With White Collar work, comes White Collar hours in the beginning
    Hard work, be ready to step out your comfort zone
    Have to have a lot of sacrifices to secure a strong future

    Advice to Management

    Keep the culture strong with the LA branch. Not all branches across the US have a great culture as we do in LA. Continue to weed out negative people, this work isn't for everyone and that's ok. Make sure we recognize that before bringing on new consultants.


  11. "Best Firm to start a Financial Advisory Practice"

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

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

    Pros

    - Best training on the street - bar none. You are trained on all aspects of being a financial advisor.....products & accounts (insurance, investments, annuities, employee benefits), strategies (general financial planning, business planning, retirement/ estate planning), sales skills (telephone, presentation, referral asking skills), practice management (time management, delegation). Training is delivered 1x1, group settings, via virtual courses, sometimes offsite conferences.
    - Compensation. I worked at a previous firm where you got about 20% of every $1 of revenue generated. At AXA you get anywhere from 50%-90%, with the big producers getting in the 90% area. Plus have a great stock purchase plan called SharePlan.
    - Great marketing materials. Available for just about any prospect or situation. All are AXa branded.
    - Out of the box ready marketing. Seminars, mailers, letters, campaigns, marketing strategies....all are pre-approved and ready to go. No need to design a marketing strategy yourself.
    - Depth of products. You can be a one stop shop for any prospect/client. No account or household minimums. Some insurance firms allow you to do investments, BUT only after selling insurance for 3+ years, or maybe they only allow mutual funds (from maybe 30 mutual fund families). At AXA you can work with investment clients from the start and work just about all mutual fund families. Also have employee benefits for businesses as well. Only loans and property/casualty insurance are not offered.
    - Technology - AXA has embraced technology more so than other financial service companies, but the industry as a whole is still behind the curve on technology use.

    Cons

    - The industry itself is extremely difficult. The easy part is the accounts / strategies. The hard part is the sales skills and practice management. Most people that fail never grasp that. You have to work the hardest on what you probably don't want to work on at all: prospecting and marketing.
    - You pay for everything, which is a tradeoff for having the best compensation package. The good news is your costs are generally fixed whereas your income can go up. When you are new much of the cost is picked up by AXA, but eventually you do pay for everything.
    - The commission structure is not straightforward. It takes a while to get used to, its like a different language. Once you get it your fine.

    Advice to Management

    Have more transparency and communication between departments. Seems like the left hand does not know what the right hand is doing at AXA sometimes.



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