Only for the strong of heart or those with or know those with deep pockets - Financial Professional Equitable Advisors Employee Review

1.0
Aug 19, 2021
Recommend
CEO approval
Business outlook

Pros

Develop thick skin on the phones, accountability, structure, build camaraderie with others at your level, learn basics about tax/financial planning

Cons

Cold calling if you can’t get anything out of your natural market, you don’t get paid until you close cases or contract, even then your manager takes almost half. If you don’t have the savings in your account to last 6 months, don’t go. It’s pretty similar to a pyramid scheme without calling itself a pyramid scheme. Education and training schedules would change month to month, sometimes leaving trainings up to associates that have been there for less than 2-3 years. Having associates pay up front for licensing when they’re out of college and only reimbursing when they pass is a disservice to the employee. A majority of other companies in the same space pay for the licensing materials, test, and a wage while they study.

Explore other reviews about Equitable Advisors

5.0
Nov 24, 2025
Recommend
CEO approval
Business outlook

Pros

The education, resources, and support provided provided by leadership at the branch level (regional: OH and IN) and district level (local: Carmel Office) are excellent. If you want the best shot at succeeding in this career you'll be hard-pressed to find a better firm and a better team to do it with.

Cons

The statistics tell a story: As many as 9 in 10 people who become financial advisors are have left the career within their first three years. Its a challenging career path, period. But there are companies with better than average development and retention rates and Equitable is one of them for good reason.

1.0
Jun 26, 2026
Recommend
CEO approval
Business outlook

Pros

Complete freedom to build your book of business anmd schedule.

Cons

Horrendous place to start. Managers run their own practice and have little to no time to actually help you outside of your joint meetings so you're on your own. They only give you 2 options to get clients, cold calling or their retirement benefits group through schools. Basically the whole advising piece is to just to sell life insurance and annuities. The support staff is thin so you're kind of on your own with paperwork and compliance docs. They just genuinely offer you nothing. No help with covering costs (you pay for all your licensing and marketing materials), they even charge you for using the company laptop and fees for programs you will never use. They will mislead you about the commission payouts and you only really get something if you get them to buy an annuity or life insurance. If you also have a remaining balance of any fees when you leave, they will literally sending you threatening letters demanding the money and threaten you with claims court if you don't pay it back.

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