Financial Advisor - Financial Professional Equitable Advisors Employee Review

2.0
8 Jun 2015
Recommend
CEO approval
Business outlook

Pros

Ability to sell both insurance and manage retirement funds. I believe this product mix allows for complete problem solving when working with a customer. The AXA name carries some level of respect: the company has not endured the financial strife that others in the industry have.

Cons

Costs: A never ending cascade that constantly chips away at your ability to become fully self sufficient. Office space, IT support, internet, liability insurance, senior management support, etc. Absence of Investment/Support: you are regaled with stats on how associates that are with the company for 3 years are the highest in the industry. That's great unless you're in year 1 or 2. There is a culture of "you're on your own" so don't expect any help from established advisors to work their book to pick up some scraps to help offset what you're doing on your own. You will be pushed hard to use your network of family, friends, and former co-workers to sell product to but keep in mind that after you leave, those customers get absorbed by the firm. This is straight commission so you will be worked hard and no one will care if you don't make it...another crop of young people sucked in by the promises of wealth and the ability to be their own boss will arrive. Ask why their are so many empty cubicles for such a successful firm. It's not an expansion it's churn and burn. If you have friends in the industry ask them about this place: it's positioned as a personal touch company interested in your success but they are no different that anyone else. If you are a trust fund kid or someone that has minimal personal expenses it may be worth a shot.

Explore other reviews about Equitable Advisors

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
26 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Complete freedom to build your book of business anmd schedule.

Cons

Horrendous place to start. Managers run their own practice and have little to no time to actually help you outside of your joint meetings so you're on your own. They only give you 2 options to get clients, cold calling or their retirement benefits group through schools. Basically the whole advising piece is to just to sell life insurance and annuities. The support staff is thin so you're kind of on your own with paperwork and compliance docs. They just genuinely offer you nothing. No help with covering costs (you pay for all your licensing and marketing materials), they even charge you for using the company laptop and fees for programs you will never use. They will mislead you about the commission payouts and you only really get something if you get them to buy an annuity or life insurance. If you also have a remaining balance of any fees when you leave, they will literally sending you threatening letters demanding the money and threaten you with claims court if you don't pay it back.

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