Not Worth it - Financial Advisor Trainee Equitable Advisors Employee Review

1.0
Jan 12, 2021
Recommend
CEO approval
Business Outlook

Pros

Friendly staff and manager. I liked most of the people I worked with.

Cons

Salary -Low Base Salary ($24k for California is not livable) -The salary ramps down, so year 2 you'll have a base salary of 12k and $0 by year 3. -You get 2 options: 1) 100% commision, no base salary or 2) They basically take half Training -Do not pay you while you train (You'll be making no money while you get the 4 licenses it takes to get the job; other companies like Bank of America will pay) -Make you pay for your Life and Health exam and SIE and study materials (Any respectable firm will pay for those things for you) -Make you pay for your finger prints and other regulatory needs. -You have to use their laptop to access their website which YOU will have to pay for. That is not normal. You will have to rent a laptop from them which you will pay them money each month to use. A respectable company would buy you a laptop which you would use while youre their employee Summary -This is a classic "Churn and Burn" Company. They only want your friends and familys accounts and then youll quit and theyll keep them with their "Non-compete" clause in the contract youll have to sign. Do not work for them.

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.

4.0
May 27, 2026
Recommend
CEO approval
Business Outlook

Pros

Solid place to start. Learn a ton about wealth management industry, sandbox for development. In Pittsburgh in particular EVP is excellent.

Cons

Managers are not created equal. This has a big impact on your development. Sometimes feel like prospecting tactics are from the 80s.

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