AXA Advisors Reviews | Glassdoor

AXA Advisors Reviews

Updated April 24, 2017
634 reviews

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634 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 is annoying really (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. Helpful (2)

    "Not really worth it"

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

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

    Pros

    Learn about actual financial products, see accounts in action, work with people with good sales skills

    Cons

    Outdated IT system/database, cold calling, doing other people's paperwork


  2. "Financial Advisor"

    Star Star Star Star Star
    Current Employee - California in San Francisco, CA
    Current Employee - California in San Francisco, CA

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

    Pros

    Currently best branch to work for in the country. The branch has an amazingly contagious competitive sprit.

    Cons

    A lot of the protecting is done by thinking outside the box, referrals and lots of cold calling.


  3. Helpful (1)

    "Financial Professional"

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

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

    Pros

    - By being immediately thrown to the wolves in their sink or swim environment, I was able to learn and develop certain skills quicker than at other places
    - Pizza on Wednesdays

    Cons

    -Their staff is completely inept, and oftentimes you are payed significantly less money than you earned. And on top of that, after they underpay you, they find ways of making it so that you owe them money, not the other way around (based on the experience of the majority of my coworkers as well as my own). AXA will bleed your wallet as much as they can while you are there.
    - Successful advisors love talking about how much money they made, but none of them address how much they had to spend to make that money (mostly because if they do, their accomplishments are no longer impressive).
    - You are given minimal support and have to dive blindly into everything you do. They will not help you get leads, and you will receive minimal (if any) guidance on how to build your book of business from the ground up.
    - The "Financial Professionals" are salesmen with no financial acumen or literacy. Most AXA Advisors are able to memorize presentations, which makes them appear to have the knowledge and skillset that they actually lack
    - Their commission system and awards oftentimes make FP's have to chose between doing what is best for their client, and doing what is best for their them personally or their family. It is rarely the same thing.
    - They want their FP's and FA's to blindly buy into what they tell them. Regardless of any evidence contrary to what they say. "I know it hasn't worked for you yet, but just trust the process". This often causes the smart and knowledge-oriented employees to seek opportunities elsewhere.

    Advice to Management

    - Invest in your new FP's. The money you save with the sink or swim approach ultimately costs you more since most FP's do not have the resources to survive in that environment and ultimately do a bad job of bringing in clients.
    - Get with the times, and create a greater focus on wealth management. The current way of doing things will become obsolete in the next 5-10 years.
    - Do a better job of training your employees on actual investment education. That way your advisors could bring distinctly more value to their clients than their clients opening a simple Vanguard account


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  5. "Financial Professional"

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

    I have been working at AXA Advisors full-time (More than 8 years)

    Pros

    Very rewarding career. I wake up every day knowing I have the ability to help people plan for their retirement and the future of their families. You definitely need to be self-motivated, organized and very entrepreneurial. There is no cap on earnings and payouts are liberal compared to most broker dealers.

    Cons

    You earn a living by helping people plan for the future. This is a career not a job to take for a paycheck. You have to be "on your game" every day and dedicated to your clients and your business.

    Advice to Management

    Make sure new candidates understand success as a financial professional requires long hours, evenings and often weekends meeting with potential clients, and a deep commitment to help improve the lives of others.


  6. "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


  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. "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


  9. "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


  10. "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


  11. Helpful (2)

    "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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