AXA Advisors

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AXA Advisors Reviews

Updated 26 April, 2015
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2.0
74 Reviews
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
9 Ratings

74 Employee Reviews

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  1. financial advisor

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

    I worked at AXA Advisors

    Doesn't Recommend
    Doesn't Recommend

    Pros

    control of your own schedule

    Cons

    volume based approach to selling insurance products

  2. Helpful (1)

    Advisor

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

    I worked at AXA Advisors full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    A sales job with decent earning potential. Access to full brokerage outside of insurance/annuities. Reasonable sales goals.

    Cons

    Passes on (forcefully in some cases) literally every cost you can imagine to the advisor. Completely opaque compensation structure that is extremely time consuming to track to see if the company is stealing from you after passing on every cost. Useless middlemen/whole saler types in a company filled with middlemen.

    Worst of all, as a Life Insurance Company, the only universally loathed department within the company is AXA's very own underwriting/national operations life insurance processing unit.

    The company itself may profit from some of the "tools" it "provides" (charged to the advisor)

    Advice to Management

    Take all that money you are wasting to hire cronies, hacks, and the worst kind of middle manager and hire more underwriters and staff that have more than just a pulse and alleviate some of the cost burdens to the advisors.

    The lack of any formal HR of any kind and organizational controls (protecting the advisors) may haunt you in the form of a class action law suit for breach of labor laws.

  3. Tough start up

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Financial Professional
    Current Contractor - Financial Professional

    I have been working at AXA Advisors as a contractor (More than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    You have to get your series 7, 66, and life/health license
    They reimburse you for the tests after 6 months
    Potential to make a lot of money
    They offer strong financial platforms
    Office atmosphere is great

    Cons

    You have to front all the money for your certifications
    It's either 100% commission or salary/half commission
    Expenses are high (they pay for nothing!)
    Management is terrible and so is training. Their training just consists of pitching life insurance to your clients. its the same thing over and over
    Everyone just cares about themselves/lots of competition
    If you can't produce a lot then don't take this job. You will have more in deductions in your check each month then you will be making
    Most importantly you have to validate to keep your job! if you aren't producing enough then you could lose your job

    Advice to Management

    Fix the training program. Training should cover things that people in there first couple years need help on like different yellow pad techniques, how to properly fill out paperwork, especially transfer paperwork for other companies. Not focusing on Pension Max or advanced things with life insurance.

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  5. Helpful (1)

    Must be extremely driven to succeed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Financial Professional in Bellevue, WA (US)
    Former Contractor - Financial Professional in Bellevue, WA (US)

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

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

    Pros

    - Earn Series 7, 63, and L&D Insurance Licenses in first few weeks
    - Potential for growth and large financial gains
    - Compensation reflects performance

    Cons

    - Not paid for first 2-4 months
    - Must pay for own exam fees and study materials
    - Insurance company so managers push insurance onto clients
    - Start at 50% commission & 24k salary, so conflict of interest with clients

    Advice to Management

    Don't hire as many people and focus on a more select few of qualified and driven individuals. Team managers don't have enough time to maintain own business and train team members.

  6. financial advisor

    • 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 full-time

    Pros

    Potential to make money is high, can really own your own business and be an entrepreneur

    Cons

    Making any money can take more than 6 months, market is saturated, LOTS of cold calling

  7. intern

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

    I worked at AXA Advisors

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    They have a very flexible work schedule. Laid back culture, allow you to work when you want. They offered to sponsor my I-9.

    Cons

    I barely learned anything while working at AXA Advisors. Essentially, all you do is call 1000s of people to try to get them to work at AXA and to get customers to meet with a representative for a yearly summary.

    Advice to Management

    Give interns more work.

  8. Summer Internship

    Former Employee - Administrative Assistant in Los Banos, CA (US)
    Former Employee - Administrative Assistant in Los Banos, CA (US)

    I worked at AXA Advisors

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

    Pros

    Great work environment. Management and employees are friendly and happy to talk and help you with what you need.

    Cons

    I was mostly assigned to do menial tasks and my day-to-day was the same almost every single day. Other tasks that I was assigned were not particularly exciting. Perhaps the only thing that I got out of this internship was that I don't want to go into the life insurance industry

  9. Caution

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AXA Advisors

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Great management support. Good education

    Cons

    Extremely expensive overhead charge for all advisors. No return on the charge. Limited products. Must seek 3rd party products constantly to be competitive or to even have a client solution. Commissions are low. Split too many ways.

  10. Sale, Sale, Sale

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

    I have been working at AXA Advisors (More than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    there are no pros, they don't help you get clients, the training is a joke, and they fire you if you don't hit quotas also they have a big turn over rate.

    Cons

    you must pay for you licenses and they only reimburse a 80% and managers are there to take advantage of you.

  11. do not work here

    Former Employee - Financial Consultant
    Former Employee - Financial Consultant

    I worked at AXA Advisors

    Pros

    the only pro from axa is that it allows for anyone to get their licenses so they can go get a job somewhere else

    Cons

    Working here is a waste of time as it is more of a pyramid scheme than an actual job itself

    Advice to Management

    carefully pick who you chose to be leaders in the company, some of them tend to do some very shady stuff that could end up coming back to them.

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