AXA Advisors Reviews | Glassdoor

AXA Advisors Reviews

Updated February 21, 2017
190 reviews

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190 Employee Reviews

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

  • Unlimited earning potential, flexible schedule (get what you put in), growing need for the industry, "be your own boss" (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 20 reviews)

More Pros and Cons

  1. Helpful (1)

    "Financial Professional"

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

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

    Pros

    Autonomy, Income potential, Licensing and learning to prospect and sell. As this was my first job out of school and having graduated with a degree in finance there are worse places to begin your career as an advisor or in the finance sector. I have learned a lot about the business in my time here. Opportunities to move into management and climb the corporate ladder.

    Cons

    I genuinely think the management here cares about the employees, but the way the compensation structure is built there is literally no way the client can ever come first. Make no mistake, financial planning/advisory is a SALES position. You have to bring in clients and assets. The question any young person should ask themselves, is do I know what I want to sell and what is your ideal business model. I cannot say this enough, TALK TO OLDER ADVISORS from different firms/ business models and ask them what they do!!! While you can sell products from a number of companies as well as do broker/dealer and advisory business, none of this is "benefits eligible" comp. You will not get a 401k contribution, pay S.S. tax, OASDI, health benefits paid for without selling an AXA proprietary product. When you start making good money from outside of the proprietary realm, this can be a real issue.

    Advice to Management

    Make it clear that at the end of the day you are going to have to sell PROPRIETARY LIFE AND ANNUITY to meet your validations, as well as experience the full breadth of the wealth package. Stop pretending the client comes first, making an AXA product fit the mold is the priority.


  2. "Financial advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Danbury, CT
    Current Employee - Financial Advisor in Danbury, CT
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Scheduling; flexibility. Plenty of opportunities

    Cons

    Straight commissions. No training to speak of.


  3. Helpful (2)

    "Financial Advisor at AXA"

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

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

    Pros

    Colleagues were good people, manager is very friendly and was very helpful. training was helpful in meetings multiple times a week.

    Cons

    System in which they implement starting Advisors by selling 403bs using yellow pad presentation was not the best. YMMV but some school districts were not open to work in, which made it much harder to get cases. Some things that were mentioned in the interview were twisted truths that needed other events to occur before the statements made would follow through.

    Advice to Management

    Implement a better system for new advisors who haven't gotten their feet planted into the industry.


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


  5. "Worth it"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Hauppauge, NY
    Former Employee - Intern in Hauppauge, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at AXA Advisors (Less than a year)

    Pros

    You can learn products of AXA
    Nice Manager

    Cons

    It was unpaid
    Need to work on weekend sometimes


  6. "Extremely difficult for a young advisors"

    Star Star Star Star Star
    Current Employee - Financial Advisor in Portland, OR
    Current Employee - Financial Advisor in Portland, OR
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Amazing co-wrokers. Great location. Great support system. It just will not work for most people, even if they are good.

    Cons

    It is hard. You literally have to become an over-night salesman and a really good. This is a life insurance company. There are opportunities to do some wealth management, but you bosses will highly encourage you to look at life insurance.

    Advice to Management

    It's a good business and you are helping some people. There needs to be greater mentorship here. You have extremely talented people that can make you lots of money if you just guide them along better.


  7. "Decent, could definitely use a lot of improvement."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Professional in Houston, TX
    Current Employee - Financial Professional in Houston, TX
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Flexible schedule if you have a good manager that lets you run your business the way that works best for you instead of them.

    Cons

    Nickel and dimed for everything directly out of your paycheck, like monthly software fees. You're required to buy a computer that has ridiculous specs to run their software which you will end up paying over $1,000 for. You do not get paid nearly enough for the amount of work. More like a sweat shop where you build your managers book of business for them. You almost always give at least 10% of every case to someone else. The reputation of "selling a 403b in a cafeteria" is spot on.

    Advice to Management

    If you would pay better you would have better retention instead of having a revolving door of interviewees. Cut out all of the fees and support employees so they want to stay and aren't forced to find a different job to pay bills.


  8. "Marketing Intern"

    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
    No opinion of CEO

    Pros

    good pay, fairly easy work load, good for students looking for an easy internship

    Cons

    very little engagement/work as an intern, not like the description, not challenging

    Advice to Management

    Make sure interns have specific projects they can work on, more mentorship


  9. "Administrative Assistant"

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

    Pros

    People were nice to work with and the pay was ok. Work/life balance is fine too. Otherwise it's an ok place to work.

    Cons

    The benefits were expensive and copays were high. Computer system needs to be updated. Difficult to complete work when systems are down or wi fi is too slow.

    Advice to Management

    Provide better technology so that the people working for you can get the job done. There are no resources to help employees to move ahead.


  10. "Financial Adviser"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Minneapolis, MN
    Current Employee - Anonymous Employee in Minneapolis, MN
    Positive Outlook

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

    Pros

    Very supportive with a tremendous opportunity to build a client base and grow a network.

    Cons

    Stressful when starting out, and you have to go through a several step initial certification program before getting your feet wet.


  11. "Financial Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant
    Former Employee - Financial Consultant
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great training program and the sponsor your series 7 and series 66 exams.
    Learned a lot about managed money accounts and SEC registered products.

    Cons

    To work at AXA Advisors and maintain your contract you must product a certain amount in commission and sometimes pay for your own materials and events. You are basically a business owner.

    Advice to Management

    Be transparent and disclose everything.



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