Waste of time - Financial Professional Equitable Advisors Employee Review

1.0
Mar 26, 2022
Recommend
CEO approval
Business outlook

Pros

No pros, do not do this.

Cons

At first they tell you this is an amazing opportunity and show a six figure range for how much you "might" get payed if you're a top performer. Then they tell you to take a few tests, easy peasy. Once you get into it you first need to get your state Insurance certification. You need to pay a separate college for the class, easily 80 hours of unpaid studying, take your test and IF you pass you move on to your SIE. Your SIE is another couple hundred $ for all the study materials, another couple hundred hours of studying all the material and a more money to schedule and take your test. Finally your Series 7 is the big one. Another couple hundred for all the study supplies, ANOTHER couple hundred hours of studying and $200 charge just to take the test. You can only fail it once before having to wait 30 days to take it again and even longer if you fail that one, $200 charge for the test every time. I spent the greater part of a year after graduating college being strung along from these people. They partially cover your expenses, then after your SIE send you One (1) $350 check for all your hard work before working on your S7. The recruiter/manager was not truthful about all the work that goes into getting your certifications, and all the hours after.

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Equitable Advisors Response
4y
Thank you for the feedback. Like starting any business, it requires significant investment (of time in particular, and some capital). Our firm does cover many licenses and registrations, generally reimbursing when Financial Professionals complete our Preliminary Employment Period and contract. FINRA makes the rules on wait time if the Series 7 exam is failed. We have numerous resources for exam prep. Best of luck to you in your career! As we like to say, face the future with courage, strength and wisdom.

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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