employees churn and burn - Financial Consultant Equitable Advisors Employee Review

2.0
16 Sept 2016
Recommend
CEO approval
Business outlook

Pros

I had a great manager that really took his time to teach me everything he could. He was by far the best part of the job. His name was Marc and I can't stress how great of a guy he was.

Cons

Each division operates under its own manager and its own way of doing things. The head of the office was an old school Life insurance guy and thats eventually how he wanted the office to be run. The company first said that Salary and bonus or commission and bonus were options. After I go hired they then told me that Salary and bonus really didn't exist. To make a long story short. They will hire you and you pay to take your exams, then they will want you to sell to your family and friends, you will pay all expenses, phone, computer, etc. then if you don't hit your quota they will let you go. It doesn't matter to them because they don't have any skin in the game. If you do sell a life policy you get 55% of the first years premium however i had to get leads from older employees so I then did all the work and had to give them 1/2 of the 55% - Don't work for them you can have a happier life do something else.

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5.0
2 Apr 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
8 Jun 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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