Not Worth it - Financial Advisor Trainee Equitable Advisors Employee Review

1.0
Jan 12, 2021
Recommend
CEO approval
Business outlook

Pros

Friendly staff and manager. I liked most of the people I worked with.

Cons

Salary -Low Base Salary ($24k for California is not livable) -The salary ramps down, so year 2 you'll have a base salary of 12k and $0 by year 3. -You get 2 options: 1) 100% commision, no base salary or 2) They basically take half Training -Do not pay you while you train (You'll be making no money while you get the 4 licenses it takes to get the job; other companies like Bank of America will pay) -Make you pay for your Life and Health exam and SIE and study materials (Any respectable firm will pay for those things for you) -Make you pay for your finger prints and other regulatory needs. -You have to use their laptop to access their website which YOU will have to pay for. That is not normal. You will have to rent a laptop from them which you will pay them money each month to use. A respectable company would buy you a laptop which you would use while youre their employee Summary -This is a classic "Churn and Burn" Company. They only want your friends and familys accounts and then youll quit and theyll keep them with their "Non-compete" clause in the contract youll have to sign. Do not work for them.

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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