AXA Advisors Reviews in San Francisco, CA | Glassdoor

AXA Advisors San Francisco Reviews

Updated April 26, 2017
12 reviews

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San Francisco, CA

4.1
Star Star Star Star Star
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
3 Ratings

12 Employee Reviews

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Pros
  • It is true that you can make a lot of money right out of the gates (in 18 reviews)

  • Ability to make A LOT of money (paid for what you do) (in 17 reviews)

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

  • Long hours with a lot of sales training (in 35 reviews)

More Pros and Cons

  1. Helpful (1)

    "Financial Advisor"

    Star Star Star Star Star
    Current Employee - California in San Francisco, CA
    Current Employee - California in San Francisco, CA

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

    Pros

    Currently best branch to work for in the country. The branch has an amazingly contagious competitive sprit.

    Cons

    A lot of the protecting is done by thinking outside the box, referrals and lots of cold calling.


  2. "AXA Advisors intern recommending the position"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Intern in San Francisco, CA
    Current Intern - Intern in San Francisco, CA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    -Great sales training experience, excellent mentorship programs available to get you started as a Financial Advisor
    -Office in the financial district with all of the amenities, and a very focused environment that gives

    Cons

    -You must pay for your own certifications to get licensed before you are able to get into pre-contract, average amount is about $1500
    -The industry itself has a very low success rate, and only 1 in 10 advisors makes it to the point where they are making a wealthy income for themselves


  3. "Financial Advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in San Francisco, CA
    Current Employee - Financial Advisor in San Francisco, CA
    Recommends
    Positive Outlook

    Pros

    Outstanding support and training from the management team in the No Cal office
    They take you out, show you how to do a comprehensive plan and give you most if not all of the commission. They truly care about your success.
    Great Culture in SF where everyone has fun, wins and is successful (many what they call Centurion level producers)
    Excellent platform for helping clients, including asset management, planning and insurance

    Cons

    Ramp up time takes a few months so if you can't carry yourself for a few months, don't try it.
    Series 7 is a hard test, but if you take a bunch of practice tests and get in the 80's you'll pass
    If you're not driven and persistent, this is tough. Not for wussies.

    Advice to Management

    Hold new people more accountable to appointment activity
    You guys LEAD really well but some people don't make the number of calls they need to
    I'm doing great because I spend most of my time either running appointments or prospecting, where some that are not so productive are on the computer wasting time most of the day.


  4. "AXA"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Professional in San Francisco, CA
    Current Employee - Financial Professional in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at AXA Advisors full-time

    Pros

    Great team environment, can always find support from any level of management. Really energetic office that makes you want to come to work.

    Cons

    It is a career commitment, not exactly meant for someone just looking for a nine to five job or to pass the time.


  5. Helpful (1)

    "Financial Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in San Francisco, CA
    Current Employee - Financial Consultant in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    It's a great place to work. A lot of young and energetic people. The management does a great job on not feeling like a boss, but you're a part of a team. Doing joint work together with management is encouraged and they do not take away from your commission. They genuinely care about your growth and try their best to help close deals and show you the process. They don't push to sell your family and friends, which is a positive too.

    Dealing on the customer side it feels like a holistic and comprehensive approach versus other company that do a cookie cutter method. Feel like your are actually providing value to your clients instead of ramming product down their throat.

    They give you a great market to go to, which is the school market to setup teachers with 403(b)s, but doesn't mean you'll be able to get on every single campus. Then they help provide you with numbers to call and clients who have not done reviews recently. There's multiple different markets that they provide you, so you don't have to purely cold call and network.

    This is a career, not a job!

    Cons

    There's a lot of hoops to jump through. You pay for your own tests and have to do training on the computer before you can sell anything. Sometimes at the beginning you don't know what to do and often times feel like you're just there with absolutely nothing to do.

    Doesn't pay salary right away until you make a certain commission level which is about $5,000 in commission. Not hard to hit though.
    It's a difficult job for anyone who does not have a sales background or have a deep network. Really a hard job for anyone that recently graduates college.

    Advice to Management

    Have a better training for new associates that last about 4-6 weeks where you show the entire aspect to new hires, especially to recent college graduates. Don't hire just anyone.

    Keep up the great work with culture and the mentorship of the younger and newer hires!


  6. Helpful (2)

    "Financial Professional"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA

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

    Pros

    The Northern California / Hawaii branch has a strong reputation and supports employees
    There is a strong focus on training
    Environment is high on flexibility and freedom
    High earning upside (Can earn 150-300 in first year)
    Turnover rate low for the industry

    Cons

    Weak Technology Support in systems
    Industry has highly variable compensation
    High turnover rate compared to many jobs


  7. "It's a the best place to build a fulfilling career."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in San Francisco, CA
    Current Employee - Financial Consultant in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at AXA Advisors full-time (More than 10 years)

    Pros

    Culture, I get to help people achieve their financial goals, non-biased product platform. Most of all everyone has the same interests in getting and servicing clients. Very holistic in planning approach.

    Cons

    Managing time for everyone is difficult. Between prospecting new clients and servicing current clients it requires long hours and organization.

    Advice to Management

    More investment in more staff!


  8. "Executive Assistant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Assistant in San Francisco, CA
    Former Employee - Executive Assistant in San Francisco, CA

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

    Pros

    Great people, great team spirit. Things are changing fast at the SF office and the leaders are bridging from the old insurance company model to the modern era.

    Great benefits.

    Cons

    Not for people who need a lot of handholding, It's a very entrepreneurial branch and requires the ability to think on your feet and figure out how to get things done with not a lot of training or supervision. Fantastic training for sales people could be applied to operations staff.

    Administrative staff is poorly paid relative tor the cost of living in San Francisco.

    Advice to Management

    Keep up the good work!


  9. "Financial Advisor"

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

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

    Pros

    Overall AXA is a good company. There are Mentors that are truly interested in your success.

    Cons

    Managers that are not sensitive to diversity which includes women, working mothers and people of color. I can't speak for all branches, but the San Francisco branch is like a car salesman. They do not do holistic comprehensive Fact Find. They only care about the numbers and volume.
    Managers rush a sale to make numbers. And when numbers are not made. They blame the advisors. When you complain to upper management, they defend their managers because they only look at the numbers. Just because a manger makes a sale and it looks great on paper, it does not make them a great manager that truly cares about the success of their advisors. The SF office is a young office of 20 years old advisors and 30 year old managers that shoot from the hip. They do not bring value to the table. I have lost a few sales because of this.
     It is not an environment for mature women and working mothers. The managers do not care. They hire diversity for for quota only. There is much prejudice in the office, unless you are willing to be whorish to save your position.

    Advice to Management

    Take a lesson on management and diversity, not just look at numbers, but be truly sensitive to diversity.


  10. Helpful (2)

    "Financial Professional"

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

    Pros

    They will set you up with good study materials for the Series 7 & 66. You have to pay for them, however.

    Cons

    Do not work for them right out of college. They only pay commission after the first month of training, and they tell you to sell life insurance to your family to make money. They also throw you out into schools immediately, to push products you know nothing about yet.

    Advice to Management

    Be more upfront about the commission schedule.


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