AXA Advisors Reviews

I have been working at AXA Advisors full-time for more than a year

Pros – Flexible schedule, get paid by your production, work as much as you like or as little as you like.

Cons – make your own market, hard to get started, pretty expensive add on cast

Advice to Senior Management – Work more closely with new advisers and do not take production from any employee for first year.

Yes, I would recommend this company to a friend

I worked at AXA Advisors for more than 3 years

Pros – I can't think of any.

Cons – No training
Exhorbitant monthly fees
Mandatory LPL subscription
Product portfolio that is poor

Advice to Senior Management – Invest your time in a quality training program and not simply throw the new recruits to the wolves expecting them to sell your overpriced variable annuities let alone variable life. Unless the Branch Manager is invested in their success, new recruits will fail. As for the DM's...let them recruit, develop, and manage new recruits. Don't hold DM's to both a recruiting and personal production requirement.

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

I worked at AXA Advisors as an intern for less than a year

Pros – Great office space, in the heart of NYC, and a few good people who want to befriend you.

Cons – Cut throat environment, everyone is out to get promoted. People are generally uninterested in you, unless they can see that they can step on you to further their own growth and be noticed by the senior CFPs. As an intern, you don't really learn much, so you shouldn't let this go longer than a summer.

No, I would not recommend this company to a friend

I worked at AXA Advisors full-time for less than a year

Pros – Paid (minumum wage) four week training

Cons – Sitting eight hours a day training only on a computer.
Phone calling eight hours a day required.
only one eight hour day to have managing principal go on appointments with me in three weeks.
Too many agents (22) for one managing principal to work with.

Advice to Senior Management – Get more managers to help train agents.
Do not shout at agents when they ask a question about the Gryphon system (Do not call lists). It is important to follow compliance and avoid a $11,000 fine to the agent and repercussions to the company.

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

I worked at AXA Advisors full-time for less than a year

Pros – The company invests more in its advisors than any other company

Cons – You have to be a driven person to succeed in this business. First few years the pay is minimal compared to the work but in the latter years the pay exceeds most other jobs.

Advice to Senior Management – For new advisors, invest more material into educating them in what exactly they need to do to succeed instead of loading them with excessive product knowledge at first.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

I worked at AXA Advisors as an intern for less than a year

Pros – Good working environment. Handle with cases directly. No big pressure.

Cons – No need brain while working. Don't know what exactly the products are.

I worked at AXA Advisors full-time for less than a year

Pros – Unlimited "days off", follow the school schedule for work days

Cons – Commission-based pay, paying for office space, miserable co-workers, cannibalistic office mentality, constant pressure to sell life insurance

Advice to Senior Management – Quit

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

I have been working at AXA Advisors full-time for more than a year

Pros – As an employee, you enjoy a regular schedule that is also flexible based on agreement between yourself and the FPs you support. You get to know many people at different stages in their career and learn how best to help them, and in turn the company, do better. The company has lots of internal opportunities for advancement and development.

Cons – Unless you are in a main branch office, your ability to advance within the company in the same location may be limited. You may be the only employee in the area, so when conferences and other employee meetings take place, you are unable to attend because it is your responsibility to "man the fort" at your local office. You also need to play a balancing game with the FPs, as you want to not be perceived as playing favorites.

Yes, I would recommend this company to a friend

I worked at AXA Advisors full-time for less than a year

Pros – Autonomous Structure
Vast Networking
Potential for High Income
They make you feel like you are your own boss

Cons – Extremely low financial security
Mostly Commisions
There is way too much funding on your end in the short run
Feels like you're paying them to work for them in the beginning

Advice to Senior Management – Invest in your advisors more. It will motive them to earn you more.
Invest in recent graduates who do not have the financial stability to front payments in the short run.

Yes, I would recommend this company to a friend

I have been working at AXA Advisors full-time for more than 7 years

Pros – Entrepreneurial. Unlimited earnings potential, work as much or as little as you like, you're basically a small business owner. Open architecture, advisory and brokerage platform through LPL Financial (largest independent broker/dealer). Insurance products, in addition to AXA Equitable Life & Annuity can be sourced through other companies (MetLife, Genworth, Allianz, Prudential, Hartford, Genworth, WilliamPenn, Banner, etc). *See advice to management*

Cons – "Eat what you kill" culture. Zero base salary, 100% commission. You need to find your own clients/prospects generally through old calling. Unless you have an established network that can provide sustainable/consistent lead sources, but that is the exception not the norm. Highly political management is all sales guys who are given incentives to increase their override over what's necessarily right for the advisor or client. *See advice to management.

Advice to Senior Management – District managers are incentivized to hire quantity over quality, and push proprietary products. This results in managers hiring whoever can breath, throwing them against the wall and seeing who sticks. Ultimately this results in a lot of people failing out of the business, but this is ok for managers because their compensation is heavily tied to first year proprietary production, where new advisors burn through their family, friends and network, and worst case are "cheap labor" cold calling for other advisors, which is justified as joint work to learn from more experienced advisors. Also managers push option 1 commissions where a higher one-time commission is paid out but no future commissions/fees are paid out because their override is tied to the bigger number and weighted more on new advisors than experienced advisors. This is bad for the advisor and client long-term: there is no longer an incentive for the advisor to service that client and the advisor is hurting himself by living sale-by-sale instead of growing a reoccurring revenue stream. It should be management goal for each advisor to build a practice that generates a reoccurring revenue stream - this will incentivize the advisor to stay longer and to service the client better. The advisor will have a more steady predictable income source and have a more valuable practice that can be sold at retirement to another advisor because the reoccurring revenue can be valued.

No, I would not recommend this company to a friend