AXA Advisors Reviews

Updated 28 October, 2014
Updated 28 October, 2014
301 Reviews
3.2
301 Reviews
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
82 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)

  • Salary, plus commissions flexible schedule and the opportunity to meet different people everyday (in 13 reviews)


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

  • And its commission based salaries for the most part so good luck building up that book of business to gain a decent earnings (in 6 reviews)

More Highlights

Employee Reviews

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  1. 2 people found this helpful  

    Sales not an Advisor

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

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

    Pros

    Easy way to get your Series 7/66 & LAH Licenses. Can provide some beneficial financial services industry experience. If you know a lot of people with large retirement accounts you can make large sums of money very quickly.

    Cons

    You will be forced to sell to your friends, family and then just about anyone who will still talk to you or answer your phone calls. Little to no help will be given to you once they see you as having tapped your "natural market" and you will be discarded. Compensation is purely commission based making almost everything you sell an inherent conflict of interest.

    Advice to ManagementAdvice

    Provide some support for your advisors. Marketing, financial, training or anything would be helpful.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 4 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 (more than an 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
  3. 1 person found this helpful  

    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 (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
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  5. 1 person found this helpful  

    make sure you're ready

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

    I worked at AXA Advisors full-time (more than 5 years)

    Pros

    great products great company one of the largest finance companies in the world.

    Cons

    its difficult to get started in this industry make sure you are ready when considering this as a career choice.

    Recommends
    Positive Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    growing experience

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

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

    Pros

    Despite the cons, it's definitely a place where you'll experience the most character development. It'll force you to either give up the comfort of a high paycheck in the beginning or to have you reach out and network with people you never thought you would talk to for life. But through these processes, it's personal growth and relationship building, whether you made a sale or not at the end of the day. Plus as AXA advertises, it's not about selling but about helping, which I genuinely believe it's true otherwise I would've never even stepped in this industry if the company or the industry is not filled with people who are kind at heart. I was there for 6 months but I believe I've seen both the goods and the bads. I still believe given the motivation and passion in insurance and retirement planning and a kind heart, you will succeed. Also you will meet some of the smartest coworkers because they all have good degrees. Despite the fact that most people don't make it, those that do are high-achieving and intelligent.

    Cons

    It's more on you to make a difference. Not so much relying on the manager or the company to push you. No parking. No base salary in the beginning. A lot of cold-calling before successfully building that referral network.
    Definitely not for everyone.

    Doesn't Recommend
  7. 1 person found this helpful  

    Lacking professionalism

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

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

    Pros

    The ability to build a network. Learn about front-office work. Flexible hours. Great location in Midtown.

    Cons

    Office culture: lacking professionalism. Testosterone-filled. Loud, inappropriate banter. Inappropriate dress-code. Unpaid. Indifferent managers who want to maximize profit earning potential. Leaves intern with mundane business development work where the intern does not gain any knowledge.

    Advice to ManagementAdvice

    Treat employees and interns better. Don't hire incompetent employees who spend more time gossiping than working.

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

    If you work hard you will be compensated.

    • 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

    Growth, Independence, Sales Driven, Pays well

    Cons

    Not much help, Need to work with others

    Advice to ManagementAdvice

    Give the younger guys more tools for success

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Good

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

    I have been working at AXA Advisors full-time

    Pros

    Biggest financial company in the world

    Cons

    No warm market, need to find it by your owe

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10. 2 people found this helpful  

    No True Leadership

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

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

    Pros

    You can earn your FINRA licensing.

    Cons

    Without real leadership this group of offices in West LA, Woodland Hills, Irvine and Koreatown will always under perform. Branch managers say they have an open door policy, but don't have time or interest in speaking to you. Divisional Managers lack management and leadership skills.
    You can't hire everyone and spread managers too thin to train the new advisors, Make a mistake and you might receive a rude call from the compliance bulldog. I could never understand a word she said but knew she was not happy. I spent long days learning from those who would give me time but in the end I realized that this group did not care about me at all. I wanted to learn and bee successful and I put in the time, but needed guidance.

    Advice to ManagementAdvice

    Stop looking at this as a numbers game. You hire everyone who interviews and then it is sink or swim. Those with a good network in the area seem to survive and those who don't have a network fail and move on. Take the time to get to know your people and grow them into Financial Advisors instead of being hands off.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 2 people found this helpful  

    As long as you are aware there is no job security

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

    I have been working at AXA Advisors as a contractor (more than 10 years)

    Pros

    Good training and the ability to earn an excellent income with hard work. Flexibility in working hours although you will probably work far more hours than in a traditional job.

    Cons

    You are encouraged to believe that you are starting your own business, but the business is always theirs.
    Selling life insurance and annuities produces renewals that are supposed to be with you as long as the business is on the books and as long as you are vested. There is a small pension, but the allure of the insurance business is that your renewals will be your true pension. The contract you sign says that at some point the renewals become "service fees". Even if you are still servicing the clients and have your licence, you must still must produce new business or they will terminate you and you will lose all "service fees". that you have built up over the years and "your" clients will be given to other agents or retained by the company.

    Advice to ManagementAdvice

    New business should not be required of a representative after an agent reaches 65 and signs retirement papers. . If the agent is compliant and servicing his business he should not be required to go out and hustle new business. Terminating these representatives, not allowing the client to be serviced by their trusted adviser and absorbing their hard earned fees is tantamount to stealing. I would say that you should find a firm that actually lets you keep your clients as long as you are vested and able to service their accounts.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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