There are newer employer reviews for AXA Advisors

 

Tough to make it

Former Employee - Intern
Former Employee - Intern

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

Pros

-Entreprunial
-Earning potential
-Flexible
-Good money if you can sell, but they want you to sell to friends and family. Once you run out of them, alot of people can fail

Cons

-Start up cost
-Turn over rate
-Chop Shop
-Hard work

303 Other Employee Reviews for AXA Advisors (View Most Recent)

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  1. 4 people found this helpful  

    Good learning experience, wouldn't recommend

    • 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 3 years)

    Pros

    Lots of resources, strong insurance brands, LPL Financial Brokerage Platform

    Cons

    Commission Only, Extremely high cost to operate your practice (at least 20-30k per year), Nickel and dimed for supbar technology and marketing material. No formal training program with a focus on small account production. Compensation & Benefits are too tied to your insurance production. They claim independent open-architecture but the only products they really want you to sell is AXA Equitable Life Insurance and Annuities.

    Advice to ManagementAdvice

    It's not AXA Equitable, it's AXA Advisors. Insurance is not the end all be all for financial planning. Invest in your producers with a base salary and stop charging them for everything. Also, train your producers to build a pipeline of prospects with minimum asset levels. They spend far too much time servicing non profitable clients with under 100k in assets and don't have the platform to support HNW clients. They can't live and die by VUL and VA's because post financial crisis clients expect a lot of liquidity and are very fee conscious.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Chop shop

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

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

    Pros

    Sponsorship for Series exams, entrepreneurship, time management.

    Cons

    Pressure to solicit family and friends, poor guidance, salaried for only the first month then 100% commissions.
    It's a tough business and extremely difficult to begin with any company in this industry.

    Advice to ManagementAdvice

    Focus on providing more guidance for your employees to help get the ball rolling. Stop pressuring new hires to ask all their family and friends for business and instead help them develop a book of clients. Also provide longer financial support for your new hires rather than the one month make it or break it.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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