AXA Advisors

  www.axa-equitable.com
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AXA Advisors Reviews

Updated Jul 15, 2014

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All Employees Current Employees Only

3.0 269 reviews

76% Approve of the CEO

AXA Advisors Chairman and CEO Henri de Castries

Henri de Castries

(72 ratings)

41% of employees recommend this company to a friend

Review Highlights

Pros
  • Flexible hours most of the time(in 13 reviews)

  • You can make a lot of money if you are truly dedicated and passionate about the job (or about the money)(in 7 reviews)


Cons
  • No base salary offered in Manasquan(in 8 reviews)

  • Sell to family and friends" marketing mentality(in 6 reviews)

51 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Not Quite a pyramid scheme, but. . .

    Financial Consultant (Former Employee)

    ProsGood 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).

    ConsThere 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.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Sales not an Advisor

    Financial Advisor (Former Employee)

    ProsEasy way to get your Series 7/66 & LAH Licenses. Can provide some beneficial financial services industry experience. If you know a lot of people with large retirement accounts you can make large sums of money very quickly.

    ConsYou will be forced to sell to your friends, family and then just about anyone who will still talk to you or answer your phone calls. Little to no help will be given to you once they see you as having tapped your "natural market" and you will be discarded. Compensation is purely commission based making almost everything you sell an inherent conflict of interest.

    Advice to Senior ManagementProvide some support for your advisors. Marketing, financial, training or anything would be helpful.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Lacking professionalism

    Anonymous Employee (Current Employee) New York, NY (US)

    ProsThe ability to build a network. Learn about front-office work. Flexible hours. Great location in Midtown.

    ConsOffice culture: lacking professionalism. Testosterone-filled. Loud, inappropriate banter. Inappropriate dress-code. Unpaid. Indifferent managers who want to maximize profit earning potential. Leaves intern with mundane business development work where the intern does not gain any knowledge.

    Advice to Senior ManagementTreat employees and interns better. Don't hire incompetent employees who spend more time gossiping than working.

    No, I would not recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Misleading

    Financial Advisor (Current Employee) Los Angeles, CA (US)

    ProsIt is an old company that offers opportunities for an entrepreneurial spirit.

    ConsGood luck managing your book of business, because your on your own and its not easy getting a simple policy through.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Position was not as good what was sold

    Financial Consultant (Former Employee) Akron, OH (US)

    ProsFlexible hours most of the time

    Constraining not so good, more product focused verse how to reach out and build practice.

    Advice to Senior Managementtry training your new reps. for success

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Financial Professional

    Financial Advisor/Professional/Consultant (Former Employee) Buffalo, NY (US)

    ProsYou can make a lot of money if you are truly dedicated and passionate about the job (or about the money). There are some cool people that work here as well and I've made some really awesome friends.
    -Certain managers are very good and you can learn a lot about sales from them.
    -Company trips if you qualify (and want to spend your vacations with people you see everyday.)

    ConsAll commission, you WILL cold call unless you have some connection somewhere dealing with municipalities for example becasue you have an in there. They may try to tell you in the interview that you don't have to but really almost everyone who starts thats what you are doing.
    -The company does not give you much to work with. They don't give you leads, you have to find them yourself for the most part. They don't give you a computer, or any perks such as free food etc.
    -Long hours are expected even though they tell you your are the CEO of your business...makes zero sense. Especially since you're on 100% commission.

    Advice to Senior Management-Hire people you know will succeed, not just any person because even if they fail you can make a couple bucks off of them.
    -Be truthful about the job. Don't have kids going to study for the series 7 for two months and come in there first day and quit because they were misled

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Working as a Financial Advisor was a great way to get licenses, and a LOT of headaches.

    Financial Advisor (Current Employee) Los Angeles, CA (US)

    ProsFairly easy sales quotas, reimbursement for licensing (and thats it) . Lots of turnover means they hire almost anybody.

    ConsTerrible managers in the entire WLA office. New hires are brought in to sell to their families and friends and then dumped.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Good Learning Experience for a salesperson

    Financial Professional (Former Employee) San Juan, PR (US)

    ProsMy specific supervisor didn't micromanage, I had a lot of freedom with my time, there was a lit of training mostly on thei products and marketing strategies.

    ConsCommissions are not as good as other companies in the industry, it actually costs money to work for them, benefits are not very good and you have to pay for most of them.

    No, I would not recommend this company to a friend

    2 people found this helpful  

    RBG may seem like a good niche but doesn't compensate enough

    Financial Advisor (Current Employee)

    ProsBesides management, almost everyone else is new so people are very friendly with one another. Even if new to the financial field, you learn a bit about it.

    ConsIt takes a while to do any real business. They want you to first start off with family and friends. It may seem that's part of their strategy because they help you sign them up, and get a % of the commisssion, but won't help you to acquire any new business.

    No, I would not recommend this company to a friend

    1 person found this helpful  

    Not much you can learn

    Anonymous Employee (Former Employee)

    ProsIt is a famous company, and so has name value to put on resume. Also, it is in a reasonably nice location.

    ConsHard to learn anything since all you do is face the computer to do your assignment. Supervisor is hardly there for you to communicate.

    No, I would not recommend this company to a friend

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