Equitable Advisors Reviews

Updated May 7, 2021

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4.1
79%
Recommend to a Friend
93%
Approve of CEO
Equitable Advisors CEO Mark Pearson
Mark Pearson
241 Ratings
Pros
  • "Independence: Flexible schedule(in 62 reviews)

  • "Great work environment with great mentor ship(in 51 reviews)

  • Cons
  • "As expected, the training requires a commitment of many hours to pass securities exams and insurance licensing(in 67 reviews)

  • "Long hours in the first few years(in 62 reviews)

  • More Pros and Cons
    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, more than 1 year
      Featured Review

      Impact, Independence, and Income!

      Aug 26, 2020 - Financial Consultant in Cedar Rapids, IA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great team and great culture. An abundance of resources and support, locally and nationally, to create a successful practice. The leaders of Equitable are world class and seek to improve individuals in all aspects of their life. Equitable has a growth mindset and highly encourages people to seek leadership positions.

      Cons

      Not sure if this is a con. Prepare to work long and hard. The employees are coached and pushed to be more.

      17 people found this review helpful
    2. 5.0
      Current Employee, less than 1 year

      Wonderful Place to Work

      May 7, 2021 - Financial Professional 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Everyone helps each other. While friendly competition is encouraged, it is always clear that we are all a team. Management makes sure you are fully prepared before you start taking calls.

      Cons

      Initial exams are hard, but you are encouraged every step of the way and are never alone.

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    3. 3.0
      Former Employee, more than 1 year

      Mixed Feelings

      May 2, 2021 - Financial Consultant in Williamsville, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great team-based culture, depending on the Financial Manager you get hired under. Great trainings for a new financial professional. Good starting place for an individual looking to make a career out of financial advising.

      Cons

      Primary focus is on sales and not on financial knowledge. Focuses on client acquisition through high single commission annuity products. Typically, not the best option for clients. Not a great model for building a book of business long term, as this model equates to minimal trail commissions. Work life balance is poor as you're expected to work 12 hours days, most of which is wasted time. The claim is that you're self-employed and that it's your book of business. You are not and it is not. You are an employee of Equitable and "your" book is really their book.

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    4. 5.0
      Current Employee, less than 1 year

      Great Place

      May 7, 2021 - Financial Consultant 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great work environment and growth opportunities

      Cons

      Compensation structure can be challenging initially

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    5. 5.0
      Current Employee, more than 1 year

      Truth About Equitable Advisors

      Mar 15, 2021 - Financial Professional in Woodbury, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Constant support from every level of Financial Professionals. There are many different trainings to continue and build on your knowledge. They give leads for cold calling when you are in the study process. Once licensed you have the opportunity to buy zoominfo.com where you get thousands of leads. They give training on dipping into your natural market and most importantly they do not leave you to fend for yourself. They ask you to reach out to people you know but they do not expect you to do that right away. We all know our friends and family do not want to be called not knowing what you do exactly. Cold calling is scary but Equitable helps out a lot building your client pipeline!

      Cons

      This is not a 9-5 job, you are basically your boss. You decide what hours you are going to put in to build your client list. You have many resources to do this. You have to be extremely motivated, you are an entrepreneur, this is your business!

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      1 person found this review helpful
    6. 5.0
      Current Employee, more than 5 years

      Building a Business

      Mar 17, 2021 - Vice President in Portland, OR
      Recommend
      CEO Approval
      Business Outlook

      Pros

      You can build your business to any level. No cap on commissions. Base salary in the first two years while building residual income. The culture and teams are incredibly close. With the virtual state of the world, we have been able to run even more meetings with very experienced advisors. Two ways to get started building your book, and neither are "who do you know". Once you build up a book, you can set your own schedule, work remote if you want, and there's no limit on time off. Love what I do, and won't do anything else. PacNW branch has the highest per capita income, and the youngest advisor force, but a business doesn't happen over night.

      Cons

      The first 6 months are HARD. You have to put in the work, and if you're slacking off you're going to hate it. If you're willing to put in that work and ride out the initial challenges, then you'll never do anything else.

      2 people found this review helpful
    7. 5.0
      Current Employee, more than 3 years

      Awesome environment for ambitious, entrepreneurial people

      Apr 21, 2021 - Financial Advisor in Dallas, TX
      Recommend
      CEO Approval
      Business Outlook

      Pros

      A great work culture, awesome teams, and supportive leadership. I have felt extremely supported to excel in this career and have nothing but positive things to say about management.

      Cons

      Not exactly a con but you will not succeed if you are not a self-starter or go-getter. You must be ambitious and take responsibility over your own success. Not a place for someone who wants to coast through their day. This is a career where you are in charge of your own success.

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    8. 2.0
      Former Employee, more than 1 year

      Get your licenses here, then bounce

      May 3, 2021 - Financial Advsior in Raleigh, NC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Free-form platform Uncapped Commissions (double sided) Very good pre-licensing team (helpful on the exams)

      Cons

      100% Cold Calls / Relying on Friends and Family Terrible Onboarding Process Benefits are absolute garbage No formal training No computers are given until a "contract" is reached (3k pcs) Hiring Advisors get compensated for you coming aboard and getting fully licensed

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    9. 5.0
      Current Employee, more than 10 years

      A Rewarding Career

      Mar 17, 2021 - Regional Executive Vice President in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Our culture is one of inclusion, continuous learning and professional excellence. - A commitment to building a diverse and inclusive culture, we take pride in treating everyone with respect and dignity. - Proud to offer several diversity summits, as well as, the Greater NY Women's Group. - Our management team takes a hands-on approach to support your career growth and development through training opportunities, a suite of digital tools, and guidance to help you meet or exceed your objectives. - Committed to your professional development. - We offer a competitive benefits package and payout.

      Cons

      Not a career for individuals who lack determination and are not willing to work hard. You have the freedom to accelerate your career at your own pace. This a is a career for someone with a passion for working with others and has an entrepreneurial spirit.

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    10. 5.0
      Current Employee, more than 5 years

      Great Management, You Create Your Own Destiny

      Mar 9, 2021 - Financial Consultant in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      For those of you that want to make your career your own, the success and upside in life you want you control your destiny. You run your own practice/business as a financial advisor. Like starting any other business there is a steep learning curve and the ground level of work has to be done, but with guidance and support from your manager/experienced advisors every step of the way to streamline your success as much as possible. Lots of training, went to training a few years longer than required. Every six months in the business things just get easier and easier, that's still the case today 7+ years later and so fortunate that I had the perseverance to reap all the benefits for the next 30+ years.

      Cons

      Due to covid most of the classroom setting training is on zoom, I personally enjoy the in person classroom setting training much more. Hopefully we'll be back to that within 6 months.

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