AXA Advisors Reviews

Updated 29 October 2014
Updated 29 October 2014
301 Reviews
3.2
301 Reviews
Rating Trends

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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
82 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)

  • Salary, plus commissions flexible schedule and the opportunity to meet different people everyday (in 13 reviews)


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

  • And its commission based salaries for the most part so good luck building up that book of business to gain a decent earnings (in 6 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Can be a good start point of your professional financial advisor career

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

    I worked at AXA Advisors

    Pros

    Great working environment, it's is easy to get involved into the community. Great team atmosphere with co-workers who become friends.

    Cons

    You might get lazy once you do not have any duties. You have to be self-motivated and find out what you really want to do.

  2.  

    Worth it if you can hack it ...

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AXA Advisors

    Pros

    Like any great company AXA has some challenges, but overall it's a great place to work. Excellent training. Great support from my district manager and a good office culture.

    Cons

    It's very challenging to stay motivated getting having to hear the word "no" more often than yes.

    Advice to ManagementAdvice

    Don't let any weak people through the doors ... it doesn't help when I want to be around others who really want success.

  3.  

    Don't work here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Registered Representative in Stamford, CT (US)
    Former Employee - Registered Representative in Stamford, CT (US)

    I worked at AXA Advisors as a contractor (more than an year)

    Pros

    Will sponsor for licensing so you can move somewhere else and do better. Some good people work here but a lousy culture

    Cons

    No income except for commission, what you do earn is heavily deducted for everything from advertising materials to rent for the cubicle you occupy. Was not given so much as a paper clip.

    Advice to ManagementAdvice

    Pay people and stop charging rent for a cubicle and every other thing an employee needs to make money for AXA

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5.  

    Crooked advisors !! Run !

    • 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

    Pros

    They sell u themselves to sucker u in and pay them

    Cons

    They charged u for being an employee! Cubicle, laptop u pay for

    Advice to ManagementAdvice

    Pay for our cubicle

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    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.

  7.  

    3.5 Rating at Best -- Coming from a once dedicated worker and AXA advocate

    • 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

    Great benefits. Salary for the first few years of building your client base. Wonderful management support in Texas. Young group of workers with personalities that mesh well. Great culture overall. Great support team to help you get service work and paperwork completed efficiently. Only in office for maybe two days a week within the RBG group. Otherwise, out in the field prospecting new clients. Has been a wonderful experience and great start to career to gain industry experience and open up doors to new opportunities. Great sales experience. RBG is encouraged to meet new leads face to face rather than cold calling. Developed experience in financial planning that will help with personal future goals, savings and investments. Great company products across the board.

    Cons

    Have to be extremely dedicated because a lot of times the negatives outweigh the positives in the first 5 years. Have to be a hard worker to get where you want to be in your career and to succeed a lot quicker than most.

    They nickel and dime you from the time you contract on. At different increments in your career you start having to pay for new things: software, E&O insurance, state insurance licenses, continuing ed credits, FINRA service fees, and more. They also never give you a heads up when new items will start being deducted from your check, you are just shocked one day when another $100 comes out of your check per month. After two years, I now have $700 coming out of my check not including med benefits. This is fine as long as your market isnt saturated and you're consistently selling.

    After two years and several additional starting advisors come on board, you begin to feel a little bit like a number. Management support falls off a bit and they almost seem to want to help the new people succeed at that point rather than the veterans with experience but still havent made it to their 5th year yet (so they still need help).

    Dont even think about taking time off. When you take time off, you dont get paid. And if you're having trouble making ends meet anyway then theres no way you'll be able to eat the next month. (When you sell a product in one month, you dont get paid on it until the next month.) So if you like to spend time with your family, friends, or take trips better think twice about this position.

    Advice to ManagementAdvice

    There needs to be different contract options available that help with each person's different situation. May be beneficial to review contract relevance at each year end as well. Some may not be ready to force 100% commission after just two years in the business. In RBG, if advisor is working in a colder district, it may have taken them longer to get to a comfortable position to be able to jump onto 100% commission. So evaluations at each year end may be the best way to determine readiness.

    Bonuses are wonderful. However, during second year, you receive the 12 month bonus and then have to wait 12 more months to receive another bonus (instead of 6 months). A bonus every 6 months needs to be put into place, especially with how much in expenses the company takes out of our check in that second year, and with the second year being the hardest in the business...hence, "Sophomore Slump".

    Lastly, when an employee expresses a need, you better listen....or else you will find yourself without that employee. In my case, you would be losing a really hard worker, team asset, who just got tired of the politics.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Intern

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

    I worked at AXA Advisors as an intern (less than an year)

    Pros

    Very family-oriented company, great Work Life Balance, everyone was so nice

    Cons

    Lack of professional training, high turnover, no base pay for entry-level employees, not very interesting job

    Advice to ManagementAdvice

    The management themselves were capable, but needed to deliver the excellence effectively to their subordinates

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9.  

    Internship

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AXA Advisors

    Pros

    Great training experience, good staff, fun environment

    Cons

    zero on the job experience

  10.  

    Inside AXA Advisors - Simple Overview

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Consultant - Sales Force Associate in New York, NY (US)
    Current Employee - Financial Consultant - Sales Force Associate in New York, NY (US)

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

    Pros

    Good Support, Good Managers. Great group of people!!!!! Everyone gets a fair shot at the prize and is treated equally. Management goes above and beyond to improve sales!

    Cons

    No guarantee you'll find the High-Net-Worth clients you'll need to have a Job. Long start-up, unless you have access to wealthy contacts. Very difficult for anyone in need of a livable salary for first 1-3 years; benefits of making great money should kick in by year 5, but you do starve in the beginning and you pay for everything yourself!

    Advice to ManagementAdvice

    No advice to give management, as they've stated, "We know everything!"

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    Working with AXA

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Consultant in Los Angeles, CA (US)
    Former Employee - Financial Consultant in Los Angeles, CA (US)

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

    Pros

    open architecture, competitive products, starting base salary plus commission. Flexible schedule but the more time you put in the more you'll get out of it.

    Cons

    No brand awareness, Lack luster management, lots of traveling

    Advice to ManagementAdvice

    Work with new hires and provide dedicated time to help them build.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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