AXA Advisors

  www.axa-equitable.com
  www.axa-equitable.com

AXA Advisors Reviews

Updated 18 December, 2014
Updated 18 December, 2014
319 Reviews
3.3
319 Reviews
Rating Trends

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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
88 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)

  • Creating your own work schedule/ Flexible Hours (This is not a 8-5 job) (in 14 reviews)


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

  • I would suggest buying a book of business, starting from scratch can be daunting (in 6 reviews)

More Highlights

96 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    I really did not agree with AXA Advisors approach to financial planning.

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

    I worked at AXA Advisors

    Pros

    Flexibility in terms of your schedule. Sky is the limit depending on how hard you want to work.

    Cons

    They push their proprietary products regardless of what is right for the client.

    Advice to ManagementAdvice

    An annuity isn't always the best option for everyone.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Not much different than most financial advising companies

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

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

    Pros

    -The harder you work, the more you will make. Almost entirely commission based
    -If you have a lot of customers/clients from another business who trust you, this job is for you. I would say this is ideal for people with previous sales experience and knows a little about finance. Be prepared to contact all your old clients. If you don't have 50-100 people minimum you have worked/sold for in the past, forget it.

    Cons

    -sell to your friends and family if you don't have enough former clients
    -rent your office back to you

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 3 people found this helpful  

    Good products, but terrible training

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

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

    Pros

    Some very competitively priced life products. Note that you do not have to work for AXA Advisors to sell their products.
    The company will (eventually) reimburse you for exam costs (series 7, 66) but only after successfully passing and only after successfully securing a contract with the company.

    Cons

    Securing a contract consists of bringing in a minimum amount of business in before you are an official employee. Whereas other insurance-oriented companies will provide training and a starter salary, AXA provides little and none of the same. Training varies wildly from manager to manager, and many managers are not very qualified to train in the first place, as they are usually not the top talent. Instead, for being willing to take on new candidates and hires, they have something of an advantage in gaining your clients when you fail to make numbers, which you must do each quarter - otherwise, you are fired. Yes, despite all of your pay coming in from insurance/annuity commissions, you WILL be fired if you cannot make numbers, despite the llack of training or new business leads from AXA.

    Advice to ManagementAdvice

    AXA was apparently once known for training new employees well. Now, with training done so abysmally, anyone who succeeds at AXA would likely have found success at any run-of-the-mill insurance company. The fail rate of new hires at this company is spectacular - probably comparable to Edward Jones.

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

    Internship

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at AXA Advisors as an intern

    Pros

    Internship program was a lot of fun, but didn't provide much insight into how being financial advisor would be.

    Cons

    Doesn't portray the financial industry at all for someone trying gain experience.

  6.  

    Advisor

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

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

    Pros

    Great place, great people. Large corporation.

    Cons

    Drink the koolaid/Amway type of atmosphere

    Advice to ManagementAdvice

    For their first year, bring new hires into meetings to learn the ropes instead of having them bring in their own market in for meetings.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7.  

    Just an ok experience thus far.

    • 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

    There are some pro's to working with AXA. I would say a major pro for me is being able to offer all services as a financial advisor. They lean a little more towards insurance products but thats natural for a company like AXA that specializes in Life Insurance and Annuity products. Decent and competitive Life Insurance products, good annuities for the right situation.

    Cons

    Despite AXA having a good Life Insurance product lineup their underwriting department is absolutely horrendous. I have never dealt with such a disorganized and unprofessional department in all my life. Compensation with the all commission route is really not that competitive and great. When you compare what they pay you vs what an independent advisor gets paid ..it really doesn't fit the bill for your tiny cubicle and what not. Middle management can be greedy, have conflicts of interest on what you sell and some of them are totally inexperienced and dont know what they are are talking about half the time, really just depends on your luck.

    Advice to ManagementAdvice

    Stop with the constant negative reinforcement to your FP's and FC's when they have a down period and are struggling with numbers. Really just takes the wind out of a lot of people's sails. Stop district managers from micromanaging and calling employees during off business time. Own mistakes when they are made rather than deflecting. Fix problems with the underwriting department immediately.

    Doesn't Recommend
    No opinion of CEO
  8. 2 people found this helpful  

    Nice people

    • Work/Life Balance
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at AXA Advisors part-time

    Pros

    Nice people and relaxing culture

    Cons

    No team work and crowded working environment

    Doesn't Recommend
  9.  

    Not a very helpful

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

    I have been working at AXA Advisors (less than an year)

    Pros

    The interview process was easy and the Vice President who interviewed was extremely nice.

    Cons

    There is poor structure and you are just left to do what ever you want. There does not seem to anyone keeping track of what you do, this is frustrating.

  10.  

    Tons of calling, 60+ hours per week necessary for new advisors

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Advisor in Miami, FL (US)
    Current Employee - Financial Advisor in Miami, FL (US)

    I have been working at AXA Advisors full-time (more than 5 years)

    Pros

    Unlimited earning potential, flexible schedule (get what you put in), growing need for the industry, "be your own boss"

    Cons

    Very long hours needed to succeed, hundreds of cold calls per week to get going in the position, no one is interested in what you do for a living, career carries a bad reputation

    Advice to ManagementAdvice

    Stop pushing new reps to sell friends and family first. No one benefits in the long run unless that advisor stays in the industry

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    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

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