AXA Advisors Reviews | Glassdoor

AXA Advisors Reviews

Updated May 17, 2017
124 reviews

Filter

Filter


124 Employee Reviews

Sort: Popular Rating Date

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 (1)

    "Unprofessional office culture. Little managerial or team support."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Brighton, Monroe, NY
    Former Employee - Financial Advisor in Brighton, Monroe, NY
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Uncapped earning potential and good benefits, flexible work hours
    You get a base salary the first two years

    Cons

    Constantly driving, doesn't make up for commissions in the 403b market.

    Advice to Management

    Prep meetings better with new advisors,
    This is how you lose cases.


  2. Helpful (1)

    "Entry level candidates"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Advisor/Support in New York, NY
    Former Employee - Investment Advisor/Support in New York, NY
    Negative Outlook

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

    Pros

    Office environment was easy going, Upper management was friendly.

    Cons

    Poor business model for entry level candidates. Managers showed little attention and provided little direction toward building a client list.


  3. Helpful (3)

    "Financial Advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Professional in Bala Cynwyd, PA
    Former Employee - Financial Professional in Bala Cynwyd, PA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Ability to sell both insurance and manage retirement funds. I believe this product mix allows for complete problem solving when working with a customer. The AXA name carries some level of respect: the company has not endured the financial strife that others in the industry have.

    Cons

    Costs: A never ending cascade that constantly chips away at your ability to become fully self sufficient. Office space, IT support, internet, liability insurance, senior management support, etc.

    Absence of Investment/Support: you are regaled with stats on how associates that are with the company for 3 years are the highest in the industry. That's great unless you're in year 1 or 2. There is a culture of "you're on your own" so don't expect any help from established advisors to work their book to pick up some scraps to help offset what you're doing on your own. You will be pushed hard to use your network of family, friends, and former co-workers to sell product to but keep in mind that after you leave, those customers get absorbed by the firm. This is straight commission so you will be worked hard and no one will care if you don't make it...another crop of young people sucked in by the promises of wealth and the ability to be their own boss will arrive.

    Ask why their are so many empty cubicles for such a successful firm. It's not an expansion it's churn and burn. If you have friends in the industry ask them about this place: it's positioned as a personal touch company interested in your success but they are no different that anyone else.

    If you are a trust fund kid or someone that has minimal personal expenses it may be worth a shot.

    Advice to Management

    Actually back up the talk about the "support" and being "invested in our success". Partner a senior associate to mentor a new hire and provide actual experience and the ability to make some small commission $.


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


  5. Helpful (2)

    "Sales, is not financial advising"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Intern in New Rochelle, NY
    Current Employee - Intern in New Rochelle, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Could be a DECENT place to start a sales job

    Cons

    It's all about Prospecting. YOU HAVE TO PAY FOR YOUR LICENSES, the company does not sponsor you fully.
    Commission structure the only way you will make a living.

    Advice to Management

    Awful management, transparency is one thing, but it should never lead to humiliating or belittling


  6. Helpful (6)

    "Advisor"

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

    I worked at AXA Advisors full-time (More than 3 years)

    Pros

    A sales job with decent earning potential. Access to full brokerage outside of insurance/annuities. Reasonable sales goals.

    Cons

    Passes on (forcefully in some cases) literally every cost you can imagine to the advisor. Completely opaque compensation structure that is extremely time consuming to track to see if the company is stealing from you after passing on every cost. Useless middlemen/whole saler types in a company filled with middlemen.

    Worst of all, as a Life Insurance Company, the only universally loathed department within the company is AXA's very own underwriting/national operations life insurance processing unit.

    The company itself may profit from some of the "tools" it "provides" (charged to the advisor)

    Advice to Management

    Take all that money you are wasting to hire cronies, hacks, and the worst kind of middle manager and hire more underwriters and staff that have more than just a pulse and alleviate some of the cost burdens to the advisors.

    The lack of any formal HR of any kind and organizational controls (protecting the advisors) may haunt you in the form of a class action law suit for breach of labor laws.


  7. Helpful (4)

    "Must be extremely driven to succeed"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Financial Professional in Bellevue, WA
    Former Contractor - Financial Professional in Bellevue, WA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at AXA Advisors as a contractor (Less than a year)

    Pros

    - Earn Series 7, 63, and L&D Insurance Licenses in first few weeks
    - Potential for growth and large financial gains
    - Compensation reflects performance

    Cons

    - Not paid for first 2-4 months
    - Must pay for own exam fees and study materials
    - Insurance company so managers push insurance onto clients
    - Start at 50% commission & 24k salary, so conflict of interest with clients

    Advice to Management

    Don't hire as many people and focus on a more select few of qualified and driven individuals. Team managers don't have enough time to maintain own business and train team members.


  8. "Summer Internship"

    Star Star Star Star Star
    Former Employee - Administrative Assistant in Los Banos, CA
    Former Employee - Administrative Assistant in Los Banos, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Great work environment. Management and employees are friendly and happy to talk and help you with what you need.

    Cons

    I was mostly assigned to do menial tasks and my day-to-day was the same almost every single day. Other tasks that I was assigned were not particularly exciting. Perhaps the only thing that I got out of this internship was that I don't want to go into the life insurance industry


  9. Helpful (3)

    "Sale, Sale, Sale"

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

    I have been working at AXA Advisors (More than a year)

    Pros

    there are no pros, they don't help you get clients, the training is a joke, and they fire you if you don't hit quotas also they have a big turn over rate.

    Cons

    you must pay for you licenses and they only reimburse a 80% and managers are there to take advantage of you.


  10. Helpful (1)

    "Really depends on the team you are with"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant in New York, NY
    Current Employee - Assistant in New York, NY
    Doesn't Recommend
    Neutral Outlook

    I have been working at AXA Advisors full-time (More than 5 years)

    Pros

    Flexibility
    Potential to make good money

    Cons

    AXA home office doesnt really care about the AXA Advisors branch, so the budget is not good for things like supplies, competent operational staff, etc.

    Advice to Management

    N/A


  11. "Branch Operations employee satisfaction depends on specific branch location"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Branch Operations Manager in Salt Lake City, UT
    Former Employee - Branch Operations Manager in Salt Lake City, UT
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    great benefits, strong company, ongoing online training programs

    Cons

    the sales manager is king of the branch. if you work well with this person and if the branch is growing and successful, you may enjoy the branch. If not, it's going to be a tough struggle. Also, local branch offices feel a little like a small company, but with huge bureaucratic home office politics and confusion to report back to.

    Advice to Management

    the branch operations manager used to have a separate manager and liaison. AXA no longer has this supporting manager to help the operations team run a successful branch. This has created a disastrous environment for the operations team.


Showing 124 of 745 reviews
Reset Filters