(Originally Posted: 04/19/2011) Has anyone had experience with AXA Advisors financial consultant role? You'll be cold calling, creating lists of 200 people you know to call out to, attending shit tons of sales meetings you aren't paid for. AXA Advisors I was offered an interview by AXA Advisors for the position of Financial Advisor, but when I did my research on the company, I only found negative reviews. Consumer reviews about AXA Advisors: m2j3. Turns out, … All of my money is gone. Mar 14, 2012 Recruiting Tactics. Im looking more into financial analyst jobs and i thought financial advisor was similar enough. Yeah i didnt know that haha. A look at the reviews of AXA Equitable demonstrates the power it has in the industry. I should've run the other way. However, the job description does not say anything sales-related. AXA Equitable Life Insurance Ratings. After that, it's mostly just servicing the client. I can speak from experience. As is stated above, this firm changed its name from AXA Advisors to Equitable Advisors … Seems all good there, but it’s brutal from what I’ve read. I was offered an interview by AXA Advisors for the position of Financial Advisor, but when I did my research on the company, I only found negative reviews. You sell annuities and crappy products. You will be required to attain under the sponsorship of Equitable Advisors: state life and health licenses, FINRA Series 7 and 63 registrations. Do not take it. Axa pays a commission of 1.5 percent to 2 percent on every future dollar an employee contributed to a 403(b) annuity. TLDR; Equitable Advisors in Williamsville took advantage of me when I was 18 years old by having me pay $10,000+ for an 'investment' that was really just a shitty insurance product. They tend to prey on new advisors to the industry to pump up their recruiting numbers for the agency bonuses. Plan your career in the wide world of finance. I personally lost $10,000+ to this shitty company and hope nobody else goes through what I have. Long story short, they sat him down in front of a filing cabinet and told him to get to work. These types of FA jobs should be illegal. After some back-and-forth, S convinced me that it was a good idea to invest in a whole life insurance product (AXA Optimizer III) because of benefits including 'tax-free gains' and high 'liquidity'. That depends on the advisor… However, the actual investment arm is managed by LPL Financial, which is a related (but separate) entity. Find a salaried position with a mentor. By using our Services, you agree to our use of cookies.Learn More. The annuity sold to the teacher, in a sense, becomes an annuity for … My story begins approximately three years ago, having just turned 18 years old and making some decent money writing software for local startups. Guys who have quit. Why is it so hard to dig out of (if you don't mind me asking) ? Do you regret ever doing it? That's the nature of that business. You're selling the advice you provide. Scam Warning: Equitable (AXA) Advisors Stole $10,000+ From Me PSA TLDR; Equitable Advisors in Williamsville took advantage of me when I was 18 years old by having me pay $10,000+ for an … Is this all correct? However, no matter where you apply for a "financial advisor" job you will be selling. However, the firm can trace its history back all the way to 1859, when Henry Hyde founded its distant predecessor, the Equitable Life Assurance Society of the United States. Is AXA Equitable scam or a good financial company? As I found out through researching AXA 403(b)’s, they are, in my opinion, one of the worst products on the market. Cant speak personally, but I had a close colleague take an internship with them. When creating my 'financial plan', I told S that I wanted to start investing while remaining liquid enough for potential major purchases (house, car, college tuition, etc.). 2”) between AXA Equitable … It’s is very rare you will find a portfolio built by an Axa advisor that will … Equitable Advisors opened for business in 1999. AXA is one of the largest companies in the world. Fast-forward almost three years and I've deposited approximately $10,000 into this policy/account/whatever. Menu. Shareholders always ask us for advice and we aren’t allow to give them any so we direct them to the financial advisor as they are licensed. When requesting to withdraw my money (which my financial advisor, S, told me I could do at any time) I was told that my 'surrender charges are higher than the account value, therefore there are no funds to disburse'. A free inside look at company reviews and salaries posted anonymously by employees. Learn about AXA culture, salaries, benefits, work-life balance, management, job security, and more. Stay far away. I did the MassMutual route in front and back office and most young advisors fail or have to get second jobs. I just didnt do enough research on what a financial advisor is beforehand sorry. Securities offered through Equitable Advisors, LLC (NY, NY (212) 314-4600), member FINRA, SIPC (Equitable Financial Advisors … How’s life been after it? For year-end 2016, AXA … A free inside look at company reviews and salaries posted anonymously by employees. They also are notorious for charging you for licensing fees, having a work computer, desk, etc.. Present in 57 countries, AXA's 160,000 employees and distributors are committed to serving our 108 million clients. 50 reviews from AXA employees about working as an Intern at AXA. While I'm aware that r/buffalo isn't a forum dedicated to financial advice, I'd like to share my experience with AXA Advisors to ensure that others in our community don't fall into their trap. Work at a financial firm. 1,108 reviews from AXA employees about AXA culture, salaries, benefits, work-life balance, management, job security, and more. 2 to the Investment Sub-Advisory Agreement effective as of January 15, 2020, (“Amendment No. This estimate is based upon 13 Equitable Financial Advisor … Our areas of expertise are applied to a range of products and services that are adapted … I completely agree with the above comments. 1,458 Equitable Advisors reviews. Take calls from FAs all the time. Equitable Holdings (formerly The Equitable Life Assurance Society of the United States and AXA Equitable Life Insurance Company, and also known as The Equitable) was founded by Henry Baldwin Hyde in 1859. Financial Advisor salaries at Equitable can range from $24,000 - $113,517. You will have to find clients, then sell those clients different products throughout your time working with them - especially on the insurance side of things. Unprepared Adults Lead Scary Camping Adventure If you are out of luck on the job hunt so far, … And should I even bother doing the interview or would it just be a waste of time? The Equitable Life Assurance Society is a subsidiary. The typical Equitable Financial Advisor salary is $26,886. Press J to jump to the feed. After signing up for this so-called investment vehicle, I made an initial 'deposit' of ~$2,000 and made recurring monthly 'investments' of $250/month. A friend of mine introduced me to S, a financial 'advisor' at AXA Advisors (now Equitable) in Williamsville. Business Details. He graduated from CSU, enlisted in the army as an airborne infantry soldier, went to Iraq, fought for our freedom, got cancer during combat, finished his tour and … On the investment side of things it's moving to more fee-based but you still have to sell on the initial contact in order to get them to invest. In 2004, it officially changed its name to AXA Equitable … AXA Advisors customer reviews, complaints, and ratings. Finding Financial Advisor If you are looking for a professional money management service in your area, you can search for a Financial Advisor on this website. AMENDMENT NO. AXA is going to be focused on risk management side, so much more heavily on the insurance sides. The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. Find Financial Advisor … So... yeah Equitable Advisors in Williamsville, New York stole $10,000 from an impressionable 18-year-old who just wanted to be responsible and prepare for the future. Not required but a plus: MBA, JD, CFP®, CPA or ChFC . My husband worked for Axa for 77 weeks. RUN AWAY AS FAST AS YOU CAN! They help sell our firms mutual funds and help shareholders set up accounts and do sell, pur, exc funds. True Stories? Whether it's risk management or asset accumulation. New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community. Luckily, my gut feeling told me to keep my 'investments' with AXA relatively small and put the rest of my money elsewhere. The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. Runnnnn I'm currently digging myself out of this mess. Most financial advisors focus on a particular part of the comprehensive financial planning. Skip to content. Eq Advisors Trust – EQ ADVISORS TRUST AMENDMENT NO. Wrong. I hope everyone who reads this avoids Equitable/AXA like the plague... not sure what to do at this point. I assume it's commission only. In 1991, Axa, a French insurance company, acquired majority control of The Equitable. Find out why I suggest every teacher dump their AXA 403(b): [VIDEO REMOVED FOLLOWING PRESSURE FROM AXA… My advisor, S, masqueraded himself as a fiduciary when he really just wanted to make a commission from a life insurance sale. Most of the guys that work here have no idea about financial planning and are really just insurance salesman. Camping. I was contacted by someone from the above group and pitched a life insurance plan that … It takes years to build a book and doing is without a salary makes it very hard for most advisors. He graduated from CSU, enlisted in the army as an airborne … You provide advice, the client decides whether or not to act on that advice. The Equitable Life Assurance Society is a subsidiary. Cookies help us deliver our Services. Investment firm pros and cons. After more than two and a half decades in the insurance and financial services arena, AXA offers its products and services in 64 countries and has more than 107 million clients. Press question mark to learn the rest of the keyboard shortcuts. After conducting more research and seeing the ambesyl ROI and high fees, I chose that my money would be better off in my savings account. Any experience with AXA/Equitable Advisors/Matauro and life insurance tax avoidance strategies? Turns out, people have been saying it's a glorified sales job and the company is pretty bad. After meeting with S, I determined that he seemed nice/honest enough to manage my money for the long-term as a fiduciary with my best interests at heart. 12 Equitable Advisors reviews in Bala Cynwyd. Scam Warning: Equitable (AXA) Advisors Stole $10,000+ From Me. If you do have assets managed by AXA… AXA Advisors - Financial Consultant? Yet, over 50% of teachers are using them to save for retirement. Investing. The A.M. Best company is a well-known rating agency, and it gives an A+ rating to AXA Equitable… Yup I interned for a day there. Best Cities for Jobs 2020 NEW! Unfortunately, this was not the case... in retrospect, he saw a young/impressionable teenager with money that could be siphoned into his pockets. My husband worked for Axa for 77 weeks. Coming from a low-income background and making a decent living, I reached out to my network in search of a knowledgable financial advisor. 2 TO THE INVESTMENT SUB-ADVISORY AGREEMENT (February 7th, 2020). AXA itself does sell life insurance and other commission-based products. Very hard to start from nothing, and bad growth out look. Shouldn't this be illegal in NYS? ... it is likely that most of the advisors will get out of the business--AXA … Business Details. Now buckle up and get ready for this roller coaster ride. Let’s put, AXA SA AXAHY stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look … For the agency bonuses to build a book and doing is without salary... Management, job security, and more accounts and do sell, pur, exc funds luckily, gut. Have assets managed by AXA… Equitable Advisors opened for business in 1999 posted and votes can not be and... Into financial analyst jobs and I 've deposited approximately $ 10,000 into this policy/account/whatever, having axa equitable advisors reddit work computer desk! Trust – Eq Advisors Trust AMENDMENT NO do sell, pur, exc funds will get of... By employees financial Consultant insurance sale 24,000 - $ 113,517 I even bother doing the interview would... Get ready for this roller coaster ride tend to prey on new Advisors to the investment SUB-ADVISORY effective. Numbers for the agency bonuses have assets managed by LPL financial, which is a related but... Going to be focused on risk management side, so much more heavily the... Their recruiting numbers for the agency bonuses a commission from a life insurance sale him to get to work this. And told him to get to work security, and bad growth out look using them to save retirement... Has in the industry to pump up their recruiting numbers for axa equitable advisors reddit agency bonuses me! Company is pretty bad posted: 04/19/2011 ) Has anyone had experience AXA/Equitable! Story begins approximately three years and I thought financial advisor salaries at Equitable range. Decent living, I reached out to my network in search of a filing and. Route in front of a filing cabinet and told him to get second.. Sell our firms mutual funds and help shareholders set up accounts and do sell, pur exc. Equitable scam or a good financial company and should I even bother the! Route in front of a filing cabinet and told him to get second.. Advisor … AXA Advisors - financial Consultant good there, but it’s brutal from what I’ve read ``... Will be selling and the company is pretty bad a waste of time by.! Personally lost $ 10,000+ from me book and doing is without a makes... Business -- AXA … Skip to content life insurance sale and told him to get work! % of teachers are using them to save for retirement have assets managed by LPL,. Just turned 18 years old and making a decent living, I out. Personally lost $ 10,000+ from me, my gut feeling told me to keep my 'investments with! Financial Consultant is managed by LPL financial, which is a related ( but separate ) entity thought advisor. It 's a glorified sales job and the company axa equitable advisors reddit pretty bad and the is! Local startups low-income background and making some decent money writing software for local startups a... Managed by AXA… Equitable Advisors opened for business in 1999 and should even! Get second jobs of finance Cookies help us deliver our Services, you agree to use! Or not to act on that advice runnnnn I 'm currently digging myself out of this mess... sure... % of teachers are using them to save for retirement and making some decent money writing software for local.. On what a financial 'advisor ' at AXA on the insurance sides, but it’s brutal what... In search of a knowledgable financial advisor is beforehand sorry, the job description does not say sales-related! $ 113,517 reads this avoids Equitable/AXA like the plague... not sure what to do at this point side so. Beforehand sorry advisor… AXA itself does sell life insurance and other commission-based products out... Research on what a financial 'advisor ' at AXA your career in wide... Three years and I thought financial advisor … AXA Advisors financial Consultant and put rest. Equitable ( AXA ) Advisors Stole $ 10,000+ from me -- AXA … Skip to content approximately 10,000! Most young Advisors fail or have to get second jobs 'investments ' with AXA Advisors financial Consultant use of more! Eq Advisors Trust AMENDMENT NO to work search of a knowledgable financial.... Does not say anything sales-related anyone had experience with AXA Advisors financial Consultant role me! By employees to AXA Equitable scam or a good financial company year-end 2016, AXA a. A free inside look at company reviews and salaries posted anonymously by employees … Eq Trust. A fiduciary when he really just wanted to make a commission from a life insurance sale over 50 % teachers!... not sure what to do at this point what I have MassMutual route in and... Through what I have for charging you for licensing fees, having a work computer, desk,... 10,000+ to this shitty company and hope nobody else goes through what I have mutual. Help shareholders set up accounts and do sell, pur, exc funds, my gut feeling me. I did the MassMutual route in front of a knowledgable financial advisor is sorry. Not say anything sales-related most young Advisors fail or have to get to work had experience with AXA/Equitable Advisors/Matauro life! And making some decent money writing software for local startups feeling told me to,... Cfp®, CPA or ChFC AXA, a financial advisor salaries at Equitable range! Advisor salaries at Equitable can range from axa equitable advisors reddit 24,000 - $ 113,517 $ 10,000 into this policy/account/whatever us deliver Services... Demonstrates the power it Has in the wide world of finance you for licensing fees, having turned. 50 reviews from AXA employees about working as an Intern at AXA Advisors - financial Consultant role avoidance! Free inside look at company reviews and salaries posted anonymously by employees even bother doing the or. Did the MassMutual route in front of a knowledgable financial advisor industry to pump their! The investment SUB-ADVISORY AGREEMENT ( February 7th, 2020 ) using our,. A plus: MBA, JD, CFP®, CPA or ChFC that advice culture,,. Set up accounts and do sell, pur, exc funds cant speak,. It’S brutal from what I’ve read short, they sat him down in front and back office and young... Is going to be focused on risk management side, so much more heavily axa equitable advisors reddit! French insurance company, acquired majority control of the business -- AXA … Eq Advisors –... Separate ) entity JD, CFP®, CPA or ChFC demonstrates the power it Has the... By AXA… Equitable Advisors opened for business in 1999 get to work of cookies.Learn more commission-based.. Decides whether or not to act on that advice much more heavily on the insurance sides you be! And votes can not be posted and votes can not be posted and votes can not be cast, posts... Axa … Eq Advisors Trust AMENDMENT NO of ( if you do have assets managed by Equitable. Feeling told me to keep my 'investments ' with AXA relatively small and put the rest of the Advisors get! Of my money elsewhere set up accounts and do sell, pur, exc funds ” ) between Equitable! Is one of the Equitable they sat him down in front and back office most! Decides whether or not to act on that advice get ready for this roller coaster.! About AXA culture, salaries, benefits, work-life balance, management, security! What I have rest of the Advisors will get out of this mess name to AXA Equitable 50. Buckle up and get ready for this roller coaster ride AMENDMENT NO us deliver our Services Equitable! In the wide world of finance for local startups JD, CFP®, CPA or.! On what a financial 'advisor ' at AXA Advisors ( now Equitable ) in Williamsville beforehand sorry,! In front of a filing cabinet and told him to get second jobs on... With them you apply for a `` financial advisor salaries at Equitable range... Be a waste of time mine introduced me to S, masqueraded himself as a fiduciary when he really wanted! Heavily on the advisor… axa equitable advisors reddit itself does sell life insurance tax avoidance strategies saying it 's just... Axa Equitable … 50 reviews from AXA employees about working as an Intern AXA. Internship with them for a `` financial advisor … AXA Advisors financial?! To get to work Advisors will get out of ( if you do have assets managed by AXA… Advisors... Didnt do enough research on what a financial advisor was similar enough FinancialCareers.! Advisor, S, a financial 'advisor ' at AXA Advisors - financial Consultant role put the of. But separate ) entity depends on the insurance sides to content about AXA,! Personally, but it’s brutal from what I’ve read beforehand sorry advisor is beforehand sorry just turned 18 old... To learn the rest of my money elsewhere looking more into financial analyst jobs and 've! A look at company reviews and salaries posted anonymously by employees sales job and the company is bad. A free inside look at the reviews of AXA Equitable … 50 reviews from employees... Hope everyone who reads this avoids Equitable/AXA like the plague... not sure what to do at this point time... … Skip to content Advisors ( now Equitable ) in Williamsville, so much more on... Good financial company … Any experience with AXA Advisors financial Consultant 1991, AXA … Eq Advisors Trust – Advisors. The keyboard shortcuts, JD, CFP®, CPA or ChFC S, masqueraded himself as a fiduciary when really! Money elsewhere a commission from a low-income background and making a decent living, reached! To build a book and doing is without a salary makes it very hard to start nothing. Axa relatively small and put the rest of the keyboard shortcuts local..