Equitable Advisors Reviews

Updated Jul 25, 2021

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Found 1,696 of over 1,961 reviews

4.1
78%
Recommend to a Friend
94%
Approve of CEO
Equitable Advisors CEO Mark Pearson
Mark Pearson
255 Ratings
Pros
  • "Independence: Flexible schedule(in 62 reviews)

  • "Great work environment with great mentor ship(in 51 reviews)

  • Cons
  • "As expected, the training requires a commitment of many hours to pass securities exams and insurance licensing(in 67 reviews)

  • "Long hours in the first few years(in 62 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
    1. 5.0
      Current Employee, more than 1 year
      Featured Review

      Impact, Independence, and Income!

      Aug 26, 2020 - Financial Consultant in Cedar Rapids, IA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great team and great culture. An abundance of resources and support, locally and nationally, to create a successful practice. The leaders of Equitable are world class and seek to improve individuals in all aspects of their life. Equitable has a growth mindset and highly encourages people to seek leadership positions.

      Cons

      Not sure if this is a con. Prepare to work long and hard. The employees are coached and pushed to be more.

      20 people found this review helpful
    2. 1.0
      Former Employee, more than 1 year

      Don't even know where to start...

      Jul 24, 2021 - Financial Consultant in San Francisco, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      they'll sponsor your licenses, although you still have to pay for them.

      Cons

      I worked here for almost a year and was lied to from the first interview. I was told I'd have a salary, later found out that I'd be commission only (it was better for my manager if I was commission only). Was told expenses (i.e. gas, Bart fare to see clients etc.) would be covered. This was not the case. Was also told I'd be reimbursed for my tests after I passed, but it turns out you only get reimbursed once you've been there for 6 months. The list goes on and on. This company is as close to a scam as you can get, and is worse than a pyramid scheme. Constantly forcing clients into annuities with high fees knowing that it's not the best decision for the client, but the one that pays out the best. No wonder they rebranded to get away from their reputation under AXA (shocker - they're just as bad with a new name). Employees were constantly pressure (sometimes forced) to write positive Glassdoor reviews, especially after a bad one would surface. I'd be super wary of the 5 star reviews on here, especially the ones that say "all it takes is commitment."

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    3. 3.0
      Former Employee, more than 1 year

      Mixed Feelings

      Jun 3, 2021 - Financial Consultant in Buffalo, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The team oriented culture under some of the managers makes it, nearly, worth while. Great company to gain financial knowledge. For this, I believe that it's a good starting spot for an aspiring Financial Professional. While you, most likely, wont receive a salary, the compensation schedule is above average in comparison to the overall industry. You receive roughly 44% with a 30% bonus. This equates to roughly 58%. This bonus will deteriorate with time though. Still, this is nothing in comparison to the upwards of 90% that Independent Advisors receive. Regardless, you have unlimited potential in what you can make and can do incredibly well for yourself with hard work, a good natural market, and some luck.

      Cons

      The focus is on heavy client acquisition and not building a sustainable practice with trails or re-occurring income. High-cost high-commission variable annuities with poorly rated sub accounts are pushed. This is very rarely in the best interest of "your" client. Your is in quotes because your client is really the companies client. You are sold on the position as if you are independently contracted and have the freedom to build and run your practice in the manner that you see fit. This is not the case. You will be expected to put in a minimum of 60 hours weekly, attend numerous company meetings throughout the week, and work weekends. There is very minimal work-life balance. Although, this isn't a knock on the company specifically. More so on the outdated financial industry as a whole, as this is all common practice throughout the industry.

      5 people found this review helpful
    4. 5.0
      Current Employee, less than 1 year

      Great Company and Great Oppurtunity

      Jul 23, 2021 - Financial Advisor in Austin, TX
      Recommend
      CEO Approval
      Business Outlook

      Pros

      There is a great culture I've seen from everyone in the company, with lots of support. They give you all of the tools and training to be successful.

      Cons

      Not for unmotivated people. Definitely more for people who are intrinsically motivated and want to grow professionally.

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    5. 1.0
      Former Employee, less than 1 year

      I highly recommend you find a better securities broker dealer to work for—there are literally hundreds.

      Jul 25, 2021 - Financial Professional in Philadelphia, PA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      You must earn your life, accident, and health insurance license which allows you to learn the nuances and benefits of these types of insurance.

      Cons

      You will earn ZERO compensation for the hours (i.e. months) spent studying for your insurance license and the SIE. In addition to time spent studying, you’ll have to spend unpaid hours and hours each week going to meetings. Unlike some better companies, you will have to pay for your employee training materials and license exams.

      Continue reading
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    6. 4.0
      Current Employee, more than 1 year

      Risk and reward

      Jun 28, 2021 - Financial Advisor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Unique client acquisition model ideal for aspiring FA's that do not want to build a practice around their natural market. Many career progression paths after you have established your practice. Strong advisor development program to develop and refine your skillset and approach (especially in the first 18 months). Overall, a great position to have control and impact on others lives.

      Cons

      Your success directly depends on your continued commitment to your own practice, which is difficult for many people, you have a lot of skin in the game. Your success is also dependent on the leadership/guidance you receive directly from your individual branch, every branch is different, variances are not always great. Seems like many of the advisor support staff / processing office employees forget they are to help client relationships and advisors.

      Continue reading
      1 person found this review helpful
    7. 5.0
      Current Employee, less than 1 year

      Tough Industry Great Company!

      Jul 20, 2021 - Financial Professional in Wellesley Hills, MA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great communication, outstanding support and mentorship!

      Cons

      Not really a con.. but hard work is required, it is sales..

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    8. 5.0
      Current Employee, more than 1 year

      Overall amazing

      Jul 12, 2021 - Financial Advisor in Houston, TX
      Recommend
      CEO Approval
      Business Outlook

      Pros

      work/life balance you choose who to work with you make your hours working smart is rewarded

      Cons

      the first year is difficult steep learning curve

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    9. 2.0
      Former Employee, more than 1 year

      Great for getting licensed - long term ...

      Jun 4, 2021 - Financial Advisor in Pittsburgh, PA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      If you make it through the hiring phase, you can get your 7 and 66 since you need a firm to sponsor you. And... that's about it.

      Cons

      In 2017 when I came on, there was no investing strategy education, market understanding, nothing. It was sales for insurance and, at that time, AXA products. I mean if you're looking to get licensed and start a career in this field I think its a great option where they will pay you a salary for six months after licensing. But their sales requirements, etc... can be exhausting let alone their partnership with LPL Financial. LPL in my opinion is antiquated. They want you to reach out to family and friends and if you don't make their sales requirements and they fire you, guess who gets to keep your clients ? your manager.... they even have hiring quotas ... Hard to say they are a genuine fiduciary.

      Continue reading
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    10. 1.0
      Current Employee, less than 1 year

      Beware of the truth.

      Jun 4, 2021 - Financial Advisor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      It can work for you if you are fresh out of college or have no need for income for atleast a year. For example, if you’re living with your parents and have no responsibilities then this is a great learning opportunity. If you’re anyone outside of that, it’s not for you.

      Cons

      They paint a false picture for you in the interview process. They tell you that you’ll have a base plus commission once you start in office. Then you get into the office and it’s a complete lie. You are 100% commission until you attain certain metrics that take about 10-12 months to accomplish on average. What they’re doing is completely illegal. Also, it’s never a good feeling to be misled by a company.

      Continue reading
      3 people found this review helpful
    Viewing 1 - 10 of 1,696 Reviews

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