Equitable Advisors Reviews

Updated May 26, 2022

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Found 1,858 of over 2,149 reviews

3.9
68%
Recommend to a Friend
83%
Approve of CEO
Equitable Advisors CEO Mark Pearson
Mark Pearson
325 Ratings

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Top Review Highlights by Sentiment

Pros
Cons
  • "No base salary (completely commission based)(in 68 reviews)
  • "Long hours and hard to stay determined(in 55 reviews)
  • "Not much help from management and poor organizational structure.(in 53 reviews)
  • "This is great position for someone with years of experience and the ability to live off of full commission.(in 48 reviews)
  • "Hopefully you get a good manager (as I did) that will help you get a foothold in business early before you start to branch out.(in 39 reviews)
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

Ratings by Demographics

This rating reflects the overall rating of Equitable Advisors and is not affected by filters.

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  1. 5.0
    Current Employee

    Love this company!

    May 25, 2022 - Recruiting 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great resources, great people and always working to grow and improve

    Cons

    Would encourage to continue growth with IT support to meet our progressive endeavors.

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  2. 5.0
    Former Employee, more than 1 year

    RBG Advisor

    May 25, 2022 - Financial Advisor in Oak Brook, IL
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great firm, with a lot of freedom and earning potential. There is a lot of freedom in terms of growing, building, and driving your own business with plenty of autonomy. If you are willing to work hard you will not find a better work/life balance, especially as you get later in your career. The firm is very large in the 403(b) space and well known because of the high quality products. This makes the firm an attractive choice for potential clients.

    Cons

    This is really a great position and firm if you are driven, determined, and patient. Most advisors will reap the rewards of their hard work after a couple years, at which point the work/life balance is unbeatable.

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  3. 5.0
    Current Employee

    Tremendous training and products

    May 7, 2022 - Financial Advisor 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Open architecture company that allows you to build your own practice. Very extensive and comprehensive training and support.

    Cons

    No cons about the company. Building up your practice and skill sets is very hard work, especially at the beginning, and it takes time. It is mainly a commission based job (you are the business owner of your own practice), so being an advisor it is NOT a good fit for people that want to be salary based. The colleagues that have corporate position, with salary, on the other hand, are usually happy and stick with company for decades

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  4. 1.0
    Current Employee, less than 1 year

    Waste of time

    Mar 26, 2022 - Financial Professional in Columbus, OH
    Recommend
    CEO Approval
    Business Outlook

    Pros

    No pros, do not do this.

    Cons

    At first they tell you this is an amazing opportunity and show a six figure range for how much you "might" get payed if you're a top performer. Then they tell you to take a few tests, easy peasy. Once you get into it you first need to get your state Insurance certification. You need to pay a separate college for the class, easily 80 hours of unpaid studying, take your test and IF you pass you move on to your SIE. Your SIE is another couple hundred $ for all the study materials, another couple hundred hours of studying all the material and a more money to schedule and take your test. Finally your Series 7 is the big one. Another couple hundred for all the study supplies, ANOTHER couple hundred hours of studying and $200 charge just to take the test. You can only fail it once before having to wait 30 days to take it again and even longer if you fail that one, $200 charge for the test every time. I spent the greater part of a year after graduating college being strung along from these people. They partially cover your expenses, then after your SIE send you One (1) $350 check for all your hard work before working on your S7. The recruiter/manager was not truthful about all the work that goes into getting your certifications, and all the hours after.

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    4 people found this review helpful

    Equitable Advisors Response

    Senior Director

    Thank you for the feedback. Like starting any business, it requires significant investment (of time in particular, and some capital). Our firm does cover many licenses and registrations, generally reimbursing when Financial Professionals complete our Preliminary Employment Period and contract. FINRA makes the rules on wait time if the Series 7 exam is failed. We have numerous resources for exam prep. Best of luck to you in your career! As we like to say, face the future with courage, strength and wisdom.

  5. 5.0
    Current Employee, more than 8 years

    Career Changed My Life

    May 16, 2022 - Financial Advisor in Williamsville, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Extensive training Great management and mentorship programs Advancement opportunities Insane earning potential

    Cons

    Not for people that do not want to be held accountable, that are not coachable or that are not interested in working.

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    1 person found this review helpful
  6. 4.0
    Current Employee

    EQ

    May 19, 2022 - Financial Professional in New York, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    It was good and helpful

    Cons

    You get commission and have months without pay

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  7. 5.0
    Current Employee, more than 3 years

    Great Benefits

    May 17, 2022 - Financial Professional 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    employer contributes even if you don't

    Cons

    commission based with DOL and reg bi

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  8. 4.0
    Current Employee, less than 1 year

    It's not for everyone, but if it's for you ...

    Apr 26, 2022 - Financial Professional in Fort Lauderdale, FL
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great support from leadership. Great training. Focus on production and how to achieve it. Unlimited opportunity.

    Cons

    Not really cons, but you have to have the right mindset to succeed. You have to be able to work with others. You have to be able to find solutions to case management challenges.

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  9. 5.0
    Current Employee, less than 1 year

    1st Year

    May 6, 2022 - Financial Professional in Wellesley, MA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    The team is amazing and you get the rare opportunity to work closely with top tier management who are always willing to lend a hand.

    Cons

    The licensing process and track to becoming contracted is lengthy and doesn't pay.

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  10. 1.0
    Former Employee, more than 1 year

    Do Your Research!!

    Jan 7, 2022 - Financial Consultant in New York, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    - Flexible hours - Get licensed (but Equitable won't pay for them until a year after you get them)

    Cons

    - It is literally the exact business model of a pyramid scheme. Seniors "hire" juniors who just cold call everyday and get meetings booked for the seniors. Juniors get paid little to nothing and usually quit after 1 year. The seniors don't have to pay them anything after they quit so there is a benefit to seeing juniors fail. - Through your first year you will make about $10,000. Second year about $25,000. And that is considered being on track. Absolutely no way to sustain living in NYC on that pay. - Your start is very closely tied to your manager. DO YOUR RESEARCH on them. If they are bad at closing business you will make NO money. Mine was terrible and blew multiple sales - For your first 2-3 years you will do the same thing every single day: Cold call people who want nothing to do with Equitable because they either don't know what it is or know that bad reputation it has. - Very slimy in the sense that you basically have to lie/con these random people into taking meeting with you - Culture is terrible. All the junior consultants absolutely hate being there because they are basically working for free. My first month there I heard someone say "would you rather work here or be unemployed", another answered "unemployed because I'd be making more money" and that is true!

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    13 people found this review helpful

    Equitable Advisors Response

    Senior Director

    We appreciate the comment. Actually -- we have a tremendous culture of people helping their colleagues and teamwork, and a tremendous commitment to DEI. Our Gold Mentor program (plus other initiatives we have for new Financial Professionals) ensure mentorship and joint work opportunities. Your numbers, however, are not accurate with our actual averages!

Viewing 1 - 10 of 1,858 Reviews

Equitable Advisors Reviews FAQs

Equitable Advisors has an overall rating of 3.9 out of 5, based on over 2,149 reviews left anonymously by employees. 68% of employees would recommend working at Equitable Advisors to a friend and 70% have a positive outlook for the business. This rating has decreased by -5% over the last 12 months.

According to anonymously submitted Glassdoor reviews, Equitable Advisors employees rate their compensation and benefits as 3.6 out of 5. Find out more about salaries and benefits at Equitable Advisors. This rating has decreased by -5% over the last 12 months.

68% of Equitable Advisors employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Equitable Advisors 3.8 out of 5 for work life balance, 4.0 for culture and values and 4.0 for career opportunities.

According to reviews on Glassdoor, employees commonly mention the pros of working at Equitable Advisors to be management, benefits, career development and the cons to be work life balance, compensation.

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