AXA Advisors Reviews | Glassdoor

AXA Advisors Reviews

Updated July 25, 2017
678 reviews

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Pros
  • Ability to make A LOT of money (paid for what you do) (in 18 reviews)

  • If you have a large family with lots of money you can sell annuities too then you can make a lot of money (in 17 reviews)

Cons
  • Lying to clients, friends and family that trusts you (in 22 reviews)

  • No base salary until you make 15 applications and/or 3,000 PCs (production credits) (in 21 reviews)

More Pros and Cons

  1. Helpful (1)

    "Avoid at all costs"

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

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

    Pros

    I can't think of any

    Cons

    Straight commission, the "contracting" process is more subjective than objective...not only do you have to produce a certain amount, but management has to deem you worthy of "contracting" through subjective measures. Cold calling sucks, you basically con people into meeting with you.

    Advice to Management

    Be more straightforward in the interview process about what you're running - a pyramid scheme. The senior advisors rely on the junior advisors to toss business their way so they can make money off other people's relationships when it doesn't work both ways. Also don't lead people to believe they'll make more money than they actually will or get paid more than they actually will during the time before "contracting".


  2. Helpful (3)

    "Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in New York, NY
    Current Employee - Financial Consultant in New York, NY

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

    Pros

    -Great resources and benefits packages

    Cons

    - Long hours due to independence

  3. Helpful (1)

    "AXA Advisors"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Milwaukee, WI
    Current Employee - Consultant in Milwaukee, WI

    I have been working at AXA Advisors full-time

    Pros

    Management is great and very personal

    Cons

    Long hours with a lot of sales training

    Advice to Management

    Keep up the good work


  4. "AXA"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AXA Advisors full-time

    Pros

    Great Company, Nice people, Technology, Products, Relationships

    Cons

    Cold calling, PEP, expensive, products, fees


  5. "good career with tons of dedication and some luck"

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

    I worked at AXA Advisors full-time

    Pros

    great learning experience (finance, entrepreneurship, sales, etc)

    Cons

    difficult to find answers; proprietary business sales pressure

    Advice to Management

    a happy, supported employee leads to a healthier, sustainable business for everyone


  6. Helpful (1)

    "Lies Lies and more Lies"

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

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

    Pros

    Make a lot of money

    Cons

    Lying to clients, friends and family that trusts you


  7. "Financial Professional"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend

    I have been working at AXA Advisors full-time

    Pros

    Wide variety of products to position in front of clients.

    Cons

    You get nickle and dimed for everything. Placed with inexperience manager. Very poor employee benefits. People are willing to help, but you have to give them a cut of your commission.

  8. Helpful (3)

    "Great potential for long-term career if you're willing to put in the work.."

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

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

    Pros

    -Running your own schedule: You set your own hours but its a very competitive field so if you're not working 50+ hours a week in your first two years you won't make it for long. If you put in the hours and see enough people, you're bound to get some good clients.

    -Uncapped Income: For most advisors, you're going to come across a few clients that close big cases for you and you earn big commissions. Truly uncapped but again depending on how much work you put in, and how lucky you get, to come across such big cases.

    -Plenty of resources: AXA does give you the tools to succeed but they won't hold your hand the entire way. It's up to you to go out and do the market researching, lead generating, and all other types of income-generating activities that takes for you to succeed. If you're self-motivated and can manage yourself, you're going to do great.

    -Great environment: My team was great and we all got along very well. I made very close friends in the time I was there. My team would plan team-trips once in a while just to hangout outside the office, and the company itself provides company-trips for those who qualify.

    -Location: I worked in the midtown Manhattan branch and the office was very nice. Many companies close by to prospect at, many good food choices, and access to all types of trains. When clients would come over for a meeting they mostly would compliment the nice reception/conference room area.

    -Long-term opportunities: You truly set your own future here. If you want to be just an insurance agent then you can focus on insurance and make a great living. If you want to be just an investment advisor then AXA offers great funds through LPL Financial (it will just take you a while to build your book). You can become a manager after a couple of years and train people. The choice is yours, just make a decision and commit to it if you want to last.

    Cons

    -Your entire income is through commissions. If you stop working hard and stop prospecting, then your income will show in a month or so when the business starts slowing down. This can be an issue if you don't have any savings on the side.

    -Negative Commissions: Most of the commission you take on life-insurance products are "paid up" commissions, which means that they are paying you a year's-worth of commission upfront in anticipation that the client will keep paying their premiums as they promised. If the client does not pay most of what they promised, then AXA will take back what they paid you in commissions accordingly. This can be an issue if you close a $5,000 commission client, then 6 months later the company tells you that the client stopped funding their policy and now you're in a hole of $3-5K with AXA and they will take it off from your next commission until its all paid off. Again, if you're not prospecting constantly, and managing you existing clients, then you're gonna find yourself in some tough situations.

    -Big push for insurance products: AXA is a financial firm with a strong focus on insurance (life, disability, long-term care, variable annuities, etc.) If you're not selling insurance products then your not making a lot of money.

    Advice to Management

    Focus on training agents better on whats going on in the markets. Insurance is very important but its only a piece of financial planning.


  9. Helpful (2)

    "Great culture with plenty of room for growth."

    StarStarStarStarStar
    • 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.


  10. Helpful (1)

    "Horrible Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Professional in Cleveland, OH
    Former Employee - Financial Professional in Cleveland, OH
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    When everyone is struggling, it makes the job seem less terrible.

    Cons

    Horrible pay structure but told "your income is unlimited", terrible and long hours but told "you can work as much as you want", mediocre benefits

    Advice to Management

    Care about your employees and actually help them. Don't spread managers too thin.


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