AXA Advisors

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

AXA Advisors Reviews

Updated 16 December, 2014
Updated 16 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

52 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Axa provides great support and training

    • 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

    Pros

    Training. Managers care about their advisors. Great platform and products

    Cons

    Not the greatest salary but easy to make money

    Advice to ManagementAdvice

    Require slackers to make more calls

    Recommends
    Approves of CEO
  2.  

    A tough and rewarding career.

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

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

    Pros

    Open architecture - While AXA does have proprietary products, I can still go out to the network if needed to provide the best solutions for my clients. AXA was the closest to being an independent as I could find and still have the backing and training of a very large, successful company.
    Autonomy - Schedule your day the way you want. Your success is in your own hands.

    Cons

    Autonomy - being new to the industry I would have liked more one on one mentoring. In the Portland office there are plenty of useful training meetings but you still have to be very self directed.

    Advice to ManagementAdvice

    Set expectations. I knew going in (Thanks to some personal mentors) that this was a very hard industry to break into. I have seen many people come and go but the one thing they had in common was not truly understanding that it takes time to build a successful practice. This business is very rewarding but difficult to start.

    Recommends
    Positive Outlook
  3. 1 person found this helpful  

    Excellent opportunity, provided with all that is necessary for success

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

    I have been working at AXA Advisors full-time (more than an year)

    Pros

    -Eat what you kill. For those individuals who possess great ambition such as myself, this is the perfect platform to create an income to suit your lifestyle. For those who prefer an average lifestyle making a comfortable base salary, you have entered the wrong industry. "I am a lion; I rather starve in the wilderness than be fed in a cage."

    -Rewarded for your efforts. It is very easy to see the differences in character regarding an employee who makes $35k a year and is destined for failure versus one who makes $700k a year. You WILL make $150k your first year if you are a person who strives for greatness.

    -Not once was an attempt made to tap into my natural market.

    -Great leadership from my manager in developing the habits of successful people. I cannot speak for any other manager, however if you do not feel your manager is up to par I cannot imagine it is too difficult to seek a transition.

    -Team support alongside friendly yet fierce competition.

    Cons

    -Around a 90% turnover rate. If you lack self-motivation and determination, are not hard-working, pessimistic in nature and tend to make excuses on a regular basis--you will fail. Please save your time and find employment featuring a stable salary. This industry is not for the weak of mind, the turnover rate is incredibly high for a reason. If you can envision yourself making the excuses seen in many of the posts on this page, written by failures who cannot own up to their faults--I am speaking directly to you.

    -There are some rotten apples as in any office, it is difficult to understand how some made it through the interview process. Perhaps I shouldn't judge a book by its cover, but laziness is evident from the manner a person dresses and conducts themselves--as well as their attitude towards life.

    -Start up costs among other fees. Not really a con considering these are involved in any business venture in addition to the fact that you are investing in your career and book of clients--but again--this is geared towards those who tend to make an excuse for their own failure. What is $3k to a $1M+ producer? A single fitted suit?

    Advice to ManagementAdvice

    Become slightly more selective in the interview process. I understand the desire for equal opportunity, but simply performing well in an undergraduate program is not enough to identify one who will be successful in the financial services industry.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Upstate New York Branches (Buffalo, Rochester, Syracuse, Albany) provide great support for new advisors

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

    I have been working at AXA Advisors full-time (more than 10 years)

    Pros

    Extremely helpful management team, training is consistent and very useful, income can easily be $100,000+ in first year, love being a part of a team, great benefits, fun work environment, get to help out clients and your work day feels meaningful.

    Cons

    It can be a lot of hours in the first few years, but this is more of a career that you are building your own financial planning practice. As time goes on the hours become much less. I know the management team here is very selective in who they bring in, so be prepared to show them you are willing to work in the interview process.

    Advice to ManagementAdvice

    Continue with upward mobility for advisors to become managers and build out their own teams.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Rewarding!

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

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

    Pros

    Unlimited potential to build your book of business as fast and as big as you can, unlimited product offerings, great culture of hard work and dedicated advisors

    Cons

    It's very hard at first, starting from scratch and having to learn to be a financial advisor overnight, training program helps overcome a lot of the fear but still hard work

    Advice to ManagementAdvice

    Great culture, management does a good job letting people do their own thing if they're doing well, but also helps people if they are struggling

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Financial Planning Career

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

    I have been working at AXA Advisors full-time (more than 10 years)

    Pros

    -Highly Supportive Management Team (Endless, great training!)
    -Ability to make A LOT of money (paid for what you do)
    -Flexible Hours (able to go home, kids games, functions whenever I want)
    -Building a business
    -Teamwork and a great culture
    -The Branch that I work in is a Top 10 Branch in the Country
    -Management is very selective in who they hire

    Cons

    -Hard To Get Going (took me 2 years to break 100k, which felt like forever)
    -Worked 60-70 Hours Per Week for 3 Years
    -Management Has High Expectations of Associates (this can be a pro I guess)
    -Can be difficult to "get in"

    Advice to ManagementAdvice

    From my experience the management was fantastic. They helped me get up and running and now act more as a consultant for my business. Each of them have been "through the ranks" and have done what the new advisors are expected to do....they have walked the walk, which I appreciate.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Starting a career as a Financial Planner/Advisor

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

    I have been working at AXA Advisors full-time (more than 10 years)

    Pros

    I can't think of any other possible entrepreneurial opportunity where you can begin with no start-up money and build a business that can pay you for what you did year 1, for your whole career. The management team is extremely dedicated to the success of their Advisors. I started in the business over 10 years ago without a strong natural market and was able to build a financial planning practice where I am able to make my own hours, help the people I really care about, and control my income. The atmosphere is very competitive and team oriented and is excellent for previous athletes like myself.

    Cons

    If you do not want to work a lot of hours at the beginning of your career, or you do not have the entrepreneurial spirit, this is not the place for you. This is a very demanding business and takes a lot of time to build. There is times you have to invest in yourself and your business, so if you do not want to spend your own money to help yourself grow, this will be a bad fit as well.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 2 people found this helpful  

    Growth, development, rewards.

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

    I have been working at AXA Advisors full-time (more than an year)

    Pros

    AXA Advisors is the place for you if you care for things like autonomy, mastery and purpose. I love being able to set my own calendar and focus on brave goals with the great help of our manager. Success comes inevitably if you learn to follow your calendar and keep performing your best every single day. A great place to play an Entrepreneur role in a world of financial services. This gives me an opportunity to be my own business owner and represent myself to the clients as my company. Which is a great advantage and another great trait in the financial world.

    Cons

    The Entrepreneurial part might be as good as it might be bad. For example you gotta pay rent for your own cube and/or assistant and stuff like that. Personally I do not mind that at all but putting it in 'Cons' is my gesture to all those who might not appreciate this fact as much as I do.

    Advice to ManagementAdvice

    “Try not to become a man of success. Rather become a man of value.”
    ― Albert Einstein
    My advice would be to stay supportive but keep reminding other reps their true duty as a Financial Advisor.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    perseverance

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

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

    Pros

    if you work hard you'll be rewarded for it. Unlike regular employment even you exceeded what was asked of you, you don't get much in return, but in AXA its WORK HARD AND GET REWARDED. lot of perks!

    Cons

    you need to pay for your business and everything it entails. if you don't have a sale that month it means no compensation too. So this job is for the tough ones

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Worth it if you can hack it ...

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AXA Advisors

    Pros

    Like any great company AXA has some challenges, but overall it's a great place to work. Excellent training. Great support from my district manager and a good office culture.

    Cons

    It's very challenging to stay motivated getting having to hear the word "no" more often than yes.

    Advice to ManagementAdvice

    Don't let any weak people through the doors ... it doesn't help when I want to be around others who really want success.

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