Complete Joke - Financial Advisor Equitable Advisors Employee Review

2.0
12 Jan 2021
Recommend
CEO approval
Business outlook

Pros

The managers seemed to care a lot about you--until you found out they make money off everyone hired and take a percentage from all the clients you bring on at the beginning. Training was in depth.

Cons

Everything from the initial interview sounded great. The manager interviewing me explained the difficulty of a financial advisor and I knew that it's not a cake walk. However, they told me (and the other individuals I started with, who BOTH quit) I'd get a base salary plus commission. My thought was I'd be able to keep my head above water and pay bills. Before getting hired you have to pass the Life and Health exam and SIE. You then start in office and be prepared to call all the people you know the first day and set meetings up for their pyriamid scheme. While in office and setting meetings and training you will also have to pass the Series 7. Until you pass your Series 7 you CANT sell any securities, only life insurance. Not to mention that you will only be getting paid $300 measly for the first week of training, and after that you better hope you are selling insurance to your family members! You won't be making any money for several months. There's a reason there are several young, fresh out-of-college individuals that start here and it's because they don't know anything about the workforce or know better. PLEASE don't fall into this trap. The entire Independence, Income, Impact might be a reality for financial advising, but I'd rethink doing that with this firm.

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.

2.0
24 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Accessible stepping stone into the industry. Flexibility

Cons

Little transparency for employees, high pressure annuities and insurance sales with little real education or support on product or sales practice knowledge. Expect long hours while you learn to do recordkeeping and support work on your own while trying to meet goals that make sense for someone with a few years of prior experience, staff to help with paperwork and recordkeeping, and a decent lead funnel. You may not get any of these depending on branch and territory but you will still have a performance goal to keep your base pay and benefits that feels absurd to the new entrants they primarily target for recruitment.

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