Equitable Advisors Reviews

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

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.

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.

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.

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!