AXA Advisors

  www.axa-equitable.com
  www.axa-equitable.com
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AXA Advisors Reviews

Updated 18 August, 2014
Updated 18 August, 2014
289 Reviews
3.3
289 Reviews
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
78 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)

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


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

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

More Highlights

53 Employee Reviews Back to all reviews

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  1. 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 for more than a 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
  2. 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 for more than a 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
  3. 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 for 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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  5. 2 people found this helpful  

    Sales not an Advisor

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

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

    Pros

    Easy 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.

    Cons

    You 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 ManagementAdvice

    Provide some support for your advisors. Marketing, financial, training or anything would be helpful.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    Lacking professionalism

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

    I have been working at AXA Advisors as an intern for less than a year

    Pros

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

    Cons

    Office 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 ManagementAdvice

    Treat employees and interns better. Don't hire incompetent employees who spend more time gossiping than working.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Misleading

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

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

    Pros

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

    Cons

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Financial Professional

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

    I worked at AXA Advisors full-time for more than 3 years

    Pros

    You 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.)

    Cons

    All 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 ManagementAdvice

    -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

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Position was not as good what was sold

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

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

    Pros

    Flexible hours most of the time

    Cons

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

    Advice to ManagementAdvice

    try training your new reps. for success

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. 2 people found this helpful  

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

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

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

    Pros

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

    Cons

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Good Learning Experience for a salesperson

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Professional  in  San Juan, PR (US)
    Former Employee - Financial Professional in San Juan, PR (US)

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

    Pros

    My 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.

    Cons

    Commissions 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.

    Doesn't Recommend
    No opinion of CEO

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