For most, a pyramid scheme - Financial Advisor/Professional Equitable Advisors Employee Review

1.0
Mar 9, 2018
Recommend
CEO approval
Business outlook

Pros

If you already have a book of business at another firm, you'll probably get better multipliers and bonuses with AXA. If you somehow end up working with one of the top 3 producers in ATX (not their underlings) you have a chance. Office location. You will likely work with friends- because they will have lured you in for the interview in the first place.

Cons

First months you'll be pre-contract you pay for tests, must make $5k before its repaid. Accompanying you on meetings with your "natural market" will be your managers' (or managers chosen lieutenant) main priority. These will be your parents, friends (over age 25), and family friends. You will be given scripts to read that pitch everything from a "second set of eyes" to your new divine calling to "faith based financial planning" to set a meeting. If you don't plan on drinking the koolaid/ building your book on your friends and family, start elsewhere.

Explore other reviews about Equitable Advisors

5.0
Apr 2, 2026
Recommend
CEO approval
Business outlook

Pros

Compensation structure, product availability, brokerage system, overall tools, open structure to do best for your clients

Cons

Support staff are more hands off, not a lot of in house support staff members.

1.0
Jun 8, 2026
Recommend
CEO approval
Business outlook

Pros

Good place for career changers to get financial licenses (they will license anybody)

Cons

Very bad pay model for new hires- will tell you 6% commissions on certain products but then you have to kick up 10% to your manager and the other half of what's left to whoever is working w you because they make you go out in pairs...and mostly seem want to get ahold of all your friends and family for sales you can't participate on without the 66....but you have no time to study that bc you are too busy selling for the products that don't require it to make quota, as your clock starts when you pass the 7, so pretty much they just want your people. It's very eat what you kill, and then only after it's been picked over.... which is fine if you're young with no obligations, but not great if you have a family. If you were an existing advisor and had your own book/contacts it could work. Otherwise get your licenses, learn a little, but don't be afraid to move on to other opportunities.

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