AXA Advisors Reviews

Updated 24 August, 2014
Updated 24 August, 2014
285 Reviews

3.3
285 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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

81 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    People are very happy and help each other.

    Current Employee - Financial Advisor  in  Minneapolis, MN (US)
    Current Employee - Financial Advisor in Minneapolis, MN (US)

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

    Pros

    A lot of potential and a lot of freedom. Work hard and make a great living or just try to do it and flounder, it is your choice.

    Cons

    The public is very smart and savvy on how to avoid salespeople, you need to be very creative and genuine.

    Advice to ManagementAdvice

    Keep up the good work

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Success depends entirely on you

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

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

    Pros

    Create your own schedule
    Control your success
    Flexibility
    Incredible earnings potential
    One of the few companies that will hire you even if you don't have a series 6 or 7 and will sponsor you for the test.

    Cons

    100% prospecting and sales oriented.
    Must have a large natural market and be willing to tap into that market or be willing to spend an extraordinary amount of time prospecting (cold calling, canvassing, networking).
    Can take a while before commissions start rolling in.

  3.  

    Hard to start, big upside

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative  in  Oak Brook, IL (US)
    Former Employee - Financial Representative in Oak Brook, IL (US)

    I worked at AXA Advisors as a contractor for less than a year

    Pros

    If you already have a book of business you can really scale

    Cons

    No salary to help getting started

    Advice to ManagementAdvice

    Give small salaries to employees coming out of college while they build a rolodex of clients.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Good company. You get out of it what you put into it.

    • 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 full-time for less than a year

    Pros

    Good training with a very helpful staff and management. Strong sales method. If you follow their sales training to the end, you should be successful.

    Cons

    AXA Advisors tries to position itself and a balanced non-biased financial planning firm. However, it needs to be made very clear that they are in the business of selling life insurance.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Hit and Miss

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

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

    Pros

    Good product mix to offer customers and there are some decent advisors that are willing to partner with you knowing that it benefits them and the company.

    Cons

    Ultimately you are on an island. For all the talk of great training, reputation, and support you are expected to do the classic "hit up your family/friends/previous co-workers" to get business and then work on referrals. You will find that on the insurance side that there is a long time frame before you get paid. very frustrating

    Advice to ManagementAdvice

    Take some ownership with the people you bring in the company because the place is turnover-city. Brutal the way people work hard and nobody seems to care if they stay: stop parroting the company line and the formula for success when it really depends upon the partnership of senior advisors working with new people to get them through the first 2 years while they develop their own personal markets.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Good experience, but moving on

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

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

    Pros

    It was a good place to start after college. Learned a lot about different product platforms and underwriting process. Was able to arrange time off to travel.

    Cons

    It feels as though you never "arrived" or accomplished anything since the tasks/processes are continual. Also bad pay and benefits are at the whim of the employer you work for.

    Advice to ManagementAdvice

    An HR department and corporate to invest in administrative support for Advisors. Advisors are great at seller, but more often than not bad at managing.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Good place to learn the basics.

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

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

    Pros

    Good basic training to get acquainted with financial services. If you're a "drink the Kool-Aid" sort of person, you'll fit right in.

    Cons

    Crummy products to sell. Good people come and go. Sketchy people make a career there.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Not Bad At All

    • 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 opportunities for hard workers.

    Cons

    Lots of hours are needed and expected, but not required management.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    advisor

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

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

    Pros

    great place to work good people

    Cons

    money not great but if you work hard you can make bank

    Advice to ManagementAdvice

    be willing to put in time

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 2 people found this helpful  

    Lots of potential & good training but have deep pockets for your first few years

    • 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 a year

    Pros

    It all depends on the manager of the branch. No company can dictate the culture of a local agency, so check out your VP and local culture. My branch was big on joint work, so expect to split commissions. Good training for those new to the business, company paid travel to training in NY during 2nd year. Good wholesalers, insurance and investment. Good products with option to go outside brokerage (limited crump) on insurance products if needed. Technology is decent, e-apps and salesforce. LPL is behind on adapting site to iPad.o

    Cons

    Brand recognition in US, which can be important to newbies, continues to be a challenge. Expenses can be high (E&O, appointments, limited free marketing materials, purchase your own computer & stationary, LPL fees, etc). Training was REQUIRED in my branch even if you don't need it, until you hit certain production numbers.
     Joint work is great training, but check out your work partner on FINRA broker check. I didn't and lost a big client (1m aum) because my "expert" joint work partner had a client complaint and I didn't know about it.
    Need a STRONG natural market to approach or lack of filters. Orphan clients have been recycled many many times.

    Advice to ManagementAdvice

    training is good, incorporate some how to run a business (my VP didn't know much about home office deductions for statutory employees). Develop customized training at local branch level to avoid wasting time in training when it's not needed.
    senior company execs can seem a tad conceited - introducing themselves to a room of 100+ advisors with their first names when we have no idea who they are or their position, seemed like we were expected to know.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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