AXA Advisors

  www.axa-equitable.com
  www.axa-equitable.com

AXA Advisors Reviews

Updated 3 December 2014
Updated 3 December 2014
317 Reviews
3.3
317 Reviews
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
87 Ratings

Review Highlights

Pros
  • You can make a lot of money if you are truly dedicated and passionate about the job (or about the money) (in 8 reviews)

  • Creating your own work schedule/ Flexible Hours (This is not a 8-5 job) (in 14 reviews)


Cons
  • No base salary, heavy sales focus, no formal training (in 8 reviews)

  • I would suggest buying a book of business, starting from scratch can be daunting (in 6 reviews)

More Highlights

60 Employee Reviews Back to all reviews

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  1.  

    Local branch office environment can be like a small company. This is good or bad depending on your location.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Branch Operations Manager in Salt Lake City, UT (US)
    Current Employee - Branch Operations Manager in Salt Lake City, UT (US)

    I have been working at AXA Advisors

    Pros

    AXA has many departments and many opportunities globally. They also have excellent benefits.

    Cons

    If you go to work in a local branch office, if you have a successful branch manager who is growing/improving the branch, it can be a good place to work. Otherwise, it can be a difficult environment. My experience has been very unpleasant.

    Advice to ManagementAdvice

    Do more advertising in local branch locations to help growth. Most people have never heard of AXA in Utah or other smaller branch locations.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Great opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Professional in Omaha, NE (US)
    Current Employee - Financial Professional in Omaha, NE (US)

    I have been working at AXA Advisors full-time (more than an year)

    Pros

    Opportunity to use Network with Insurance and Investments, 401k match group life di. No real schedule you work when your clients need you.

    Cons

    W-2 vs other networks 1099 pay, health benefits awful, cost of E&O Insurance is outrageous, cost of salesforce and other required CRM is outrageous, minimum requirements to not be fired are high. Opportunity is just that, you still need to go find your clients.

    Advice to ManagementAdvice

    Take away minimum requirements, let us choose our own E&O, and get rid of the W-2 system, I lose 1/3 of my paycheck to the government and they aren't working any harder.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Great training for new financial advisors but it is a very hard job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Regional Vice President in Pitt, MN (US)
    Current Employee - Regional Vice President in Pitt, MN (US)

    I have been working at AXA Advisors full-time (more than 5 years)

    Pros

    Training is very good and ongoing

    Cons

    Need to provide more leads for new reps and pair them up with seasoned producers. Do not take this job unless you have 5-8 years where you can stomach 3-4 nights a week and 50-70 hours weeks. Your average the first few years could be 30-50k and you will need to have money in the bank to get thru tough months. If you make it this is one of the greatest jobs you can have - but only 10% make it.

    Advice to ManagementAdvice

    Be honest in the interview process.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Financial Advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Orlando, FL (US)
    Current Employee - Financial Advisor in Orlando, FL (US)

    I have been working at AXA Advisors full-time (more than 3 years)

    Pros

    Work/Life balance is great.
    Make your own schedule.
    Flexible hours
    Mangers are there if you need to talk.
    Working with experienced Advisors is easy

    Cons

    Have to pay for your own work area. (~$800/month)
    Products are pushed
    Home office is lacking service help

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Not what they advertise it to be

    Former Employee - Financial Advisor in Denver, CO (US)
    Former Employee - Financial Advisor in Denver, CO (US)

    I worked at AXA Advisors full-time (more than an year)

    Pros

    You have the potential to run your own business if you have the network to do it.

    Cons

    They like to promote the company and working there by talking about their intense training program and their large retention rate. The training program is almost non-existent and all but 1 of the people I started with have since moved on.

  7.  

    Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern in Greenville, SC (US)
    Current Employee - Intern in Greenville, SC (US)

    I have been working at AXA Advisors as an intern (less than an year)

    Pros

    -Flexible schedule
    -Diverse culture/backgrounds
    -Friendly office environment

    Cons

    -Unpaid position
    -Cold calling to recruit other advisors
    -Little Interaction with employees aside from other interns
    -No training

    Advice to ManagementAdvice

    Get your interns involved

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Not a good place to build your career.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AXA Advisors as an intern

    Pros

    Good for people who want to get a sense of working in financial services firm. Young advisors are willing to help you develop your career interests.

    Cons

    Poor training system and very high turnover rate.

  9. 1 person found this helpful  

    If you don't want to sell insurance, you're going to have a bad time!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Consultant
    Current Employee - Financial Consultant

    I have been working at AXA Advisors full-time (more than an year)

    Pros

    DISCLAIMER: this review constitutes only my OPINION

    *Great place to start your career, and they're willing to hire almost anyone (even without your licenses)
    *Will help you get your licenses if you don't have them
    *Great position title if you want to switch jobs later on
    *Flexible work schedule. You work when you want to, but with that said, expect to work long hours if you want to succeed.
    *If you're self motivated, you will do not badly.
    *If you're self motivated, charismatic, and good looking, that is when you will make money.
    *Great coworkers (not including the managers-- see cons section)-- everyone understands the stress and frustrations of working with fickle clients. They will stand by you and help you as much as they can.
    *If you have a good manager, you will probably have a better time. That said, your chances of getting a good manager are pretty slim
    *You do make good money if you're good at what you do.
    *pretty good training: they teach you a lot if you have the time to sit in on all of the meetings
    *good benefits- commissions pay out at pretty high rates
    *our life insurance products are not bad in my opinion
    *Senior Executive Vice President was an amazing leader; I only wish the district managers were the same.

    Cons

    DISCLAIMER: this review constitutes only my OPINION
    ALSO: this is not a vindictive reaction to being fired; I have successfully hit quota thus far and expect to continue to do so in the future.
    NOW, WHERE TO BEGIN?

    *high turnover-- in my time there, I have seen too many people come and go. Because they hire everyone, most people are not actually fit for the job. Chances are you are not fit in the long term either (~90% industry attrition rate)
    *middle management is largely HORRENDOUS; they're driven by greed, which is understandable since this is a sales job at the end of the day, but they don't help you much
    *they bait you with success stories that have you chasing the dream that you are THE one to make it big, but one day the sobering reality will hit that you are probably not the one that will make the big bucks
    *they, in my opinion, bait and switch you (which ironically is an unethical action in the industry)
    Example 1- I was told I would be working in wealth management (which is not completely untrue), but if you want to hit quota, you usually begin by selling insurance (was not told this)
    Example 2- promise of two options when joining the company: option 1 included a salary, option 2 included no salary but larger commissions. When you finish your probation period, option 1 sometimes magically disappears.
    *our annuity products, in my opinion, are not the most competitive in the industry
    Elaboration- products look good on paper, but- in practice- are so-so. Most successful advisors don't sell AXA products (so I've heard)
    *forced to sell before you completely understand the product
    Example 1- sold my family members multiple products that were probably not the best options for them (partner may or may not be motivated by greed/quota pressures e.g. managers)

    The list could go on and on.

    Advice to ManagementAdvice

    DISCLAIMER: this review constitutes only my OPINION

    My Senior Executive Vice President was an excellent fellow. If only he saw what the managers were like. They're greedy, pushy, and don't care to help. If you're wondering why AXA Advisors has so many bad reviews, look at your middle management. Something is obviously wrong.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    If it sounds too good to be true, it's probably not true...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Seattle, WA (US)
    Former Employee - Financial Advisor in Seattle, WA (US)

    I worked at AXA Advisors full-time (more than an year)

    Pros

    You can definitely make a lot of money, if you choose to focus on the life insurance side of the business (which they heavily encourage/promote). It really does feel like running your own business, complete autonomy.

    Cons

    One of the most challenging career choices one can take on, very high fail rate. You will burn through you savings/ go into debt just to get started since its commission based. Predominated focuses on risk management/insurances.

    Advice to ManagementAdvice

    Don't hire recent college grads since most don't have savings to give them fair chance to get started in the business.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    Not Quite a pyramid scheme, but. . .

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Consultant
    Former Employee - Financial Consultant

    I worked at AXA Advisors full-time (more than 5 years)

    Pros

    Good resources to get started. You control your own schedule. They hire people with no previous experience. I met some great people there (who have all left).

    Cons

    There is a very high liklihood that you're going to get a ton of accounts and end up turning them over to your manager when you leave. They really push proprietary products. If you don't sell AXA products you're not going to have benefits. When you compare AXA compensation to what you get as an independent advisor you'll be shocked by how much AXA DOESN't pay their advisors.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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