AXA Advisors Reviews | Glassdoor

AXA Advisors Reviews

Updated April 24, 2017
634 reviews

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Full-time Part-time

634 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 is annoying really (in 22 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 (2)

    "Financial advisor"

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

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

    Pros

    Good group of people worked there.

    Cons

    Everyone that succeeded was a lair and didn't care about clients.


  2. Helpful (5)

    "Exploits new recruits than toss away"

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

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

    Pros

    There is absolutely nothing good about this company. Wish I could give 0 stars.

    Cons

    Everything. They continually hire new people to exploit their natural market and once they are out there is absolutely zero support from the company and pushes the out. There is no chance of turning this into a life long career.


  3. Helpful (4)

    "Financial Advisor Program"

    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
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Sponsorship for the series 7

    Cons

    You are not even a part time worker until you pass the series 7, then you are only part time until you do enough business to go on contract full time, then congratulations, you have to pay your your desk space and E&O insurance. You cold call all day to sell bankers and lawyers variable insurance or annuities, that's it.

    Advice to Management

    Managers are idiots that know nothing about the markets. All they know how to sell is insurance and annuities. They sell YOU in order for you to agree to come onboard, the entire process is smoke and mirrors. Dont believe a word they say.


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  5. Helpful (1)

    "Insurance Sales is all you'll be incentivized to do..."

    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
    Neutral Outlook
    Disapproves of CEO

    Pros

    Autonomy to create your own schedule etc...

    Cons

    Somewhat deceptive management and sales tactics. Cold call or hit up your personal contacts to see who wants to buy 1) Life insurance 2) Annuities... that's all this gig is about.

    Advice to Management

    Be Honest


  6. Helpful (1)

    "Fraudulent and Unethical"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant - Sales Force Associate in Phoenix, AZ
    Former Employee - Financial Consultant - Sales Force Associate in Phoenix, AZ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    There were no pros at this place of employment. Very disturbing experience.

    Cons

    In my time at this company I witnessed numerous client complaints from unsuitable investment recommendations and poor customer service. There reports of dishonest activities, taking advantage of customers, driven by greed with a total disregard of industry regulations. You can read about illegal kickbacks and ponzi schemes with charges and litigation pending. The sales force does not meet regulatory requirements to conduct business as registered investment advisors. Testimonials from employees and customers reveal disturbing facts about compliance violations, unethical behavior, and criminal activities.

    Advice to Management

    Please go out of business.


  7. Helpful (5)

    "They will make you lie"

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

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

    Pros

    You can get your licenses quickly but you have to pay for them yourself. There is not really any other positive thing to say here

    Cons

    They will make you call all your friends and family even before you are licensed and sell them high-priced and poor performing annuities and whole life insurance policies. This is a 100% commission job and they will charge you for everything such as stamps to mail out documents to clients

    Advice to Management

    Being honest is a better long term business plan. Do not nickle and dime your employees when you are making so much off their backs


  8. Helpful (1)

    "Summer Internship"

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

    Pros

    Fellow Interns were cool but that is pretty much it.

    Cons

    Too many to list them all. For starts the District VP that i was assigned to was oblivious on what to assign to interns. Most days the interns would just sit there and do nothing or sit on the internet and play games because nothing was assigned to them.


  9. Helpful (2)

    "Horrible! Full time job with part time job pay."

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

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

    Pros

    None! Wasted time and $$ ( it is very expensive to work for AXA, as they charge you for everything from licenses transfer to new business cards, to number of copies you print using their very, very old computers.

    Cons

    Everything, from dumb management, lack of meaningful support to new agents, to obsolete technology in use.

    Advice to Management

    Resign!


  10. Helpful (5)

    "You are not a financial advisor, you are an insurance sales person"

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

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

    Pros

    The office address is nice.

    Cons

    Management will hire anyone. Your group benefits are tied to how much AXA insurance you sell (which does not put the client first). They are annuity and life insurance sales people that don't do what is best for clients. You are expected to market to schools which do not want you on or around campus before, during, or after school. There is no marketing budget for new people.

    Advice to Management

    Set more rigorous standards for your hiring process.


  11. Helpful (4)

    "No True Leadership"

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

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

    Pros

    You can earn your FINRA licensing.

    Cons

    Without real leadership this group of offices in West LA, Woodland Hills, Irvine and Koreatown will always under perform. Branch managers say they have an open door policy, but don't have time or interest in speaking to you. Divisional Managers lack management and leadership skills.
    You can't hire everyone and spread managers too thin to train the new advisors, Make a mistake and you might receive a rude call from the compliance bulldog. I could never understand a word she said but knew she was not happy. I spent long days learning from those who would give me time but in the end I realized that this group did not care about me at all. I wanted to learn and bee successful and I put in the time, but needed guidance.

    Advice to Management

    Stop looking at this as a numbers game. You hire everyone who interviews and then it is sink or swim. Those with a good network in the area seem to survive and those who don't have a network fail and move on. Take the time to get to know your people and grow them into Financial Advisors instead of being hands off.


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