AXA Advisors

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

AXA Advisors Reviews

Updated 26 November, 2014
Updated 26 November, 2014
311 Reviews
3.2
311 Reviews
Rating Trends

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Approve of CEO
AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
85 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

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    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 (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
  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 (more than an 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. 1 person found this helpful  

    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 (more than an 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
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  5. 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 (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
  6.  

    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
  7. 2 people found this helpful  

    Awesome if your district and branch managers are good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Consultant - Sales Force Associate
    Current Employee - Financial Consultant - Sales Force Associate

    I have been working at AXA Advisors full-time

    Pros

    -This is going to depend entirely on which branch you're based out of but the leadership is friendly and there are always people looking to help anyone who's new.
    -Lot's of flexibility with hours and time off
    -Eat what you kill (commission; "pro" if you're good)
    -Unlimited earning potential

    Cons

    -Not a 40 hours a week/9-5 job. If you want to survive, you'll work at least 50 every week.
    -Eat what you kill (commission)
    -Lots of "no", you have to have thick skin
    -High rate of attrition (same as anyone in the business)

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Take Initiative

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

    I have been working at AXA Advisors as an intern

    Pros

    Great people to work with and it's a nice balance between professionalism and having fun. As an intern you aren't disrespected and you can become part of the team if you want to be. Do your work, don't complain and they'll appreciate you, the work isn't too complicated. You can attend client meetings as well, but you have to ask-again take initiative. They are very lax with students and you can rearrange your schedule, they don't mind if you take a day off or two for tests or other things.

    Cons

    There isn't really much formal training so you have to quickly pick up things yourself and take initiative to learn. Also the internship isn't really on a track for a financial advisor role, I look at it more as a way to potentially get hired or make connections. Again if you want to learn things about being an advisor you have to take initiative and ask A LOT of questions.
    If you aren't into learning or selling insurance, this isn't the right place to learn about other investment services. Yes they do money management and other things, but it is very limited and again you to have actively search for someone who actually does those things and work with them.
    Sometimes it's hard to look at your day and say "wow I just gained an invaluable amount of knowledge", but then again you are just an intern.. This goes back to the grooming aspect

    Advice to ManagementAdvice

    Work with interns to grow them into the advisors you want them to be. It's almost like you're expecting them to leave, when you should be courting them to stay. There are may areas for improvement that the branch can take:
    -utilize intern to make you more money, phone calls, scheduling reviews, gathering client information
    -Stress how much money you can make from a given client or case
    -Make them smarter and more knowledgeable than when they walked in by providing classes/presentations specifically for interns.

    Recommends
    Positive Outlook
    No opinion of CEO
  9. 2 people found this helpful  

    Helpful if you get the right mentor

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

    I worked at AXA Advisors as an intern (less than an year)

    Pros

    Definitely not a job for someone straight out of college to get into unless you are willing to really bust your butt and probably be broke for a year or two. If you are willing to put all the effort into it, you WILL get results but until then, its really rough.

    Cons

    Depending on your mentor, your experience here may be a complete waste of time. If your mentor does suck, go latch on to somebody else.

    Advice to ManagementAdvice

    Yes interns are replaceable but treat them well and you can help them help you! Its a win-win situation!

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Bad experience waste of time

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

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

    Pros

    Big company. Not many pros unfortunately. Great location.

    Cons

    many false promises to get you in. Didnt deliver promises. Left you alone to do business like independent not office support as promised. Push there products not real full service and brokerage as claimed.

    Advice to ManagementAdvice

    Get a new manager. Get new life in the office. Do you really want to grow with new people? or just numbers game.

    Doesn't Recommend
    Disapproves of CEO
  11.  

    Karr Barth/AXA Advisors

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

    I have been working at AXA Advisors full-time

    Pros

    Karr Barth is one of the top AXA offices in the country for good reason. The training is second to none; coming from another broker/dealer and new to the business, the training I received and continue to receive at Karr Barth is amazing. Management does an extremely good job assisting new advisors in launching their business.

    Cons

    Being an advisor is extremely difficult--no one at Karr Barth will try and hide that from you. It is difficult for good reason, however. Other reviews cite having to pay for licensing or tapping your "natural market" as negatives. Launching a business that holds a tangible value has a cost up front. However, having ownership over your own business allows you the freedom to be as successful or unsuccessful as you want to be--there is no ceiling.

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Positive Outlook
    Approves of CEO

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