AXA Advisors Reviews | Glassdoor

AXA Advisors Reviews

Updated March 1, 2017
87 reviews

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

  • Compared to typical salary jobs in this economy, you can advance much quicker and make a lot more money on this platform (in 15 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. Helpful (3)

    "Run For the Hills"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant in Los Angeles, CA
    Former Employee - Financial Consultant in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    -Ability to set your own schedule
    -Essentially starting your own business with little to no oversight and direction

    Cons

    Simply put, do NOT work at AXA Advisors.

    Let me start off at the pay structure. There is no base salary, whatsoever. This is ridiculous for a recent college grad with little to no savings. On the same note, you have to front the money for your tests (series 7 and 63/65/66) where EVERYWHERE else will actually pay for it. That is a lot of capital input for little reward.

    Next up: the support network. None.

    Reimbursements: AXA does not reimburse you for anything. Nothing. This is the only job where I had actual negative cash flows. All in the name of "starting your own business" which is such a joke in itself since most of your actual revenue will be split up amongst the higher members of your team (after you do all of the work sourcing the clients but the "big guns" come in for the close). On average, you are making far below minimum wage and the actual probability of success is fairly low. If you really want to try to battle it out and have a career in wealth management, then try Private Client Services at a bank or work at a RIA.

    In summary, do not work here unless you are super SUPER desperate and you literally do not have any other options.

    Advice to Management

    Completely revamp the company. Once word gets out about the racket that is known as "AXA Advisors", no one will want to work here.


  2. Helpful (2)

    "Financial Advisor?"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor
    Former Contractor - Anonymous Contractor
    Doesn't Recommend

    I worked at AXA Advisors as a contractor

    Pros

    Like any sales job the potential to make a lot of money is there. Good opportunity to hone your sales and cold calling skills.

    Cons

    This is not a job in finance. It is purely sales. No base salary. Can be tough to get off the ground. Seems like they hire anyone that applies. Very little education in the products. Only

    Advice to Management

    Try to build a culture of success through an actual hiring process. Provide more training in the products that you are selling.


  3. Helpful (1)

    "financial advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    I worked at AXA Advisors full-time

    Pros

    If you want to sell products to teachers and other public employees it's a great environment

    Cons

    Very much top down mgt. Little teamwork. Mrs are looking out for their own production goals

    Advice to Management

    Support traditional advisors. Change "on-boarding" process. Use team approach for selling, not by chance but as policy. Treat advisors with respect, not expendibles


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


  5. Helpful (1)

    "Financial consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at AXA Advisors full-time

    Pros

    you could make great commission if you get your business up and running.

    Cons

    they throw you out to the wolves day 1. Training is poor. Cold calling is the only way to survive. No help of any kind is apparent. Long hours, no salary, leads are non-existent

    Advice to Management

    care about your employees. Nowhere to go if struggling. Success or bust. No wonder so many people wash out and Axa has the reputation it does.


  6. Helpful (1)

    "anonymous"

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

    I worked at AXA Advisors (More than 5 years)

    Pros

    None it has very limited management leadership

    Cons

    Most unprofessional Company I have ever dealt with

    Advice to Management

    Start over


  7. "Worked for the company for almost two years. Training was minimal. No local growth opportunities."

    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 (More than a year)

    Pros

    Benefits were good Initially work life balance was good.

    Cons

    Revolving door. Lack of Training. Very small raises.


  8. Helpful (2)

    "If You Want to Be Another Muppet, Join This Company!"

    Star Star Star Star Star
    • Work/Life Balance
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend

    Pros

    Free pizza every Wednesday, you get to dress up in nice, fancy suits and stay in a "hotel" for up to six months!

    Cons

    Prey on people's fear and greed, hours are not flexible and you are not the owner of your business as the hiring manager purported to be when you were first courted, cold calling and new recruit turnover is high.

    Advice to Management

    Manipulation does not work in the end.


  9. Helpful (2)

    ""What you are getting into""

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Financial Representative
    Current Contractor - Financial Representative
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    -The free food on Friday's
    -The feeling (for around 2 weeks) that things are finally looking up for you.
    -There are some really nice people who work in the office.
    -The opportunity to get your Series 7 and 66 but make sure you get them early
    - The opportunity to make a good living selling AXA Products

    Cons

    - Everything they say to you during the interview process is not bona-fide and is a straight sales pitch.
    - The District Managers will say anything to get you to sign their pre-contract even lying to your face.
    - DM's daily schedule is calling college kids all day everyday using the same script they will use on you
    - DM's main strategy is to get you to call mom, dad, and all of your friends then branch out from them (if
       you don't come from a rich family good luck)
    - Not trained on how to sell to the general public. (They script you on how to sell to your own mom)
    - Pre-Contract states that they can terminate you anytime regardless of the 180 day trial period you were
       promised and they will terminate it if you don't call your friends and family.
    - No reimbursement for license fees and your DM keeps your family members that you brought in because
       their retirement products are in-house proprietary products meaning their stuck with AXA products because
       they will take a huge loss for liquidating the plan if they want to withdraw
    - Pyramid Scheme.

    Advice to Management

    - Stop being unethical
    - Train your newcomers on how to sell to the general public instead of forcing them to call family members
       their beginning weeks in. When our family members and friends see us succeed they will join us but
       calling them the first week in when we have no clue what were trying to sell them doesn't look good for us.
    - Don't say if you earn the 5,000 PC'S and pass all your exams under the 180 day trial period you will be
        hired for the full contract when you don't mean it.


  10. Helpful (2)

    "Think twice"

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

    Pros

    Teaches you to present materials professionally and build lasting relationships with clients.

    Cons

    Everything else. Management here is a joke. Once you leave and a client decides to cancel their contract, AXA bills you for the advanced commissions. That's not a problem and I agree money should be reimbursed. However, agents who take over your newly acquired client may churn the account (cancel their existing account and make them open another one within AXA to increase their application count to meet the monthly quota) or simply give bad service making the client want to transfer to a better institution.

    Advice to Management

    Don't just concentrate on one or two of your favorites. Spend more time going over technical information regarding the products you sell.


  11. Helpful (1)

    "If you have ethics this isn't a good place for you."

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

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

    Pros

    Potential to make a lot of money, but only if you sell every client an annuity or insurance.

    Cons

    Management and upper management only care about selling products that aren't in the clients best interests!

    Advice to Management

    Have some ethics and do what's in the clients best interests.



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