New Hires, BEWARE! - Financial Advisor Equitable Advisors Employee Review

3.0
Oct 22, 2008
Recommend
CEO approval
Business Outlook

Pros

Good start out of College if you want to be a salesperson.

Cons

Long Hours and little pay can put into debt, a minor investment to begin working as a financial adviser. No expenses are covered. Beginning with your licenses, costing around $800.00 of your own money. Then you have to pay for business cards, envelopes, and letter headings with your name and information before you even sign a client. I for example wasted 8 months of my life, just to start working (or being able to sell), and then I found out after a month on the job that I did not want to be a financial salesperson. Also, you have to be comfortable working in public schools. Your typical day involves waking up early in the morning to go into a high school and prospect (looking around for staff in their rooms) and then after the high school, go to an elementary school to do the same. Then the middle of your day you have to set up appointments with either new clients or current clients. Then do prospecting after-school. I loved giving people advice on their retirement, but I hated selling variable annuities as a solution to retirement income and I felt like I was not abiding by the schools prospecting rules. You have to be a salesperson. Also, any work you do with current clients you don't get compensated for, since your just providing them a service, unless you sell them a new product.

Explore other reviews about Equitable Advisors

5.0
Apr 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Compensation structure, product availability, brokerage system, overall tools, open structure to do best for your clients

Cons

Support staff are more hands off, not a lot of in house support staff members.

1.0
Jun 8, 2026
Recommend
CEO approval
Business Outlook

Pros

Good place for career changers to get financial licenses (they will license anybody)

Cons

Very bad pay model for new hires- will tell you 6% commissions on certain products but then you have to kick up 10% to your manager and the other half of what's left to whoever is working w you because they make you go out in pairs...and mostly seem want to get ahold of all your friends and family for sales you can't participate on without the 66....but you have no time to study that bc you are too busy selling for the products that don't require it to make quota, as your clock starts when you pass the 7, so pretty much they just want your people. It's very eat what you kill, and then only after it's been picked over.... which is fine if you're young with no obligations, but not great if you have a family. If you were an existing advisor and had your own book/contacts it could work. Otherwise get your licenses, learn a little, but don't be afraid to move on to other opportunities.

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