AXA Advisors Reviews | Glassdoor

AXA Advisors Reviews

Updated May 23, 2017
642 reviews

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642 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 until you make 15 applications and/or 3,000 PCs (production credits) (in 21 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 (6)

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

    Star Star Star Star Star
    • 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!


  2. "Abt to start working there"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    seems to have good potential to help people while making a good living

    Cons

    long hours and a lot of hard work


  3. Helpful (1)

    "Great culture with plenty of room for growth."

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

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

    Pros

    I joined AXA to learn a new business and take on a new challenge. The company has great benefits and I recommend taking advantage of the stock purchase plan.

    Cons

    The office rent is high but it is in a beautiful building so justified. Some new advisors have complained about lack of guidance from management. There are plenty of other advisors that will help you if you do not hit it off with your manager.

    Advice to Management

    Stay true and do not sugar coat the reality of job. Most that are attracted to the position are intelligent and will appreciate an honest approach.


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  5. "Intern at AXA"

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

    Pros

    Extremely flexible hours, most work can be done remotely

    Cons

    Work is a little menial (basically everything that the financial advisers don't want to do)


  6. Helpful (2)

    "Sales job"

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

    I have been working at AXA Advisors full-time

    Pros

    The employees are all great, the senior employees are very helpful, and the hours are very flexible. Also the company events are cool

    Cons

    It's a sales culture because most of your salary is based on commission which incentivizes you to sell products and service


  7. Helpful (4)

    "SCAM"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Austin, TX
    Former Employee - Financial Advisor in Austin, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    You get to be in the trenches with your coworkers that grows a strong bond. Hot chicks work there

    Cons

    100% commission. They make you bug your family & friends to do business and hurts relationships along the way. Management is terrible. Only hire individuals from wealthy families so they can infiltrate their pocket books.

    Advice to Management

    Don't feed employees false hope. Be honest from interview #1


  8. "Title"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at AXA Advisors full-time

    Pros

    Training for sales and insurance

    Cons

    Constant pressure to sell annuity products


  9. Helpful (1)

    "Financial Advisor"

    Star Star Star Star Star
    • 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

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

    Pros

    flexibility and unlimited income potential

    Cons

    low income in year 1-3, little practical support, poor culture


  10. "Great company"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at AXA Advisors full-time

    Pros

    Great office, Great atmosphere, great pay if you work hard.

    Cons

    You need to put a lot of heart to this job to become successful.


  11. Helpful (3)

    "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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