Following his success at Pall Corporations, Mr. Sydney undertook the technical sales responsibility for the multi-national Betz Laboratory Corp. (now known as Grace Inc.) for all of Long Island. You get paid a $2000 “bonus" (also 1099) and begin to earn a monthly salary of $2000 (W2, and though your told you can you can’t write much off legally against this income, ask an accountant). Using this data, SmartAsset calculated Securities offered through Equitable Advisors, LLC (NY,NY 212-314-4600), member FINRA/SIPC (Equitable Financial Advisors in MI & TN). Prior to June 2020, Equitable Advisors, LLC operated under the name AXA Advisors, LLC. So in the case of each program, the truly pertinent investment philosophy is that of the sponsor of whichever program you choose to invest your money in. In the meantime, we encourage you to visit the Indeed Career Guide for advice and resources to help you achieve your career goals. Out of boredom I decided to look into this company since they've sent me an email saying they have been trying to contact me about a job. Other advisors uncover a profitable niche thanks to the unpredictable arc of their career. The vast majority of Equitable Advisors’ client base is made up of individuals, with a bit more of these clients falling below the high-net-worth threshold than above it. Methodology Equitable Advisors opened for business in 1999. Present in 57 countries, AXA's 160,000 employees and distributors are committed to serving our 108 million clients. You’ll still be able to access past conversations on the Indeed Community until Dec. 14, 2020, at which time the Indeed Community product and all content previously posted on it will no longer be available when you visit this site. I am currently a NLC+ producer with AXA and very happy with my current situation. But over the next few years that salary is phased out so you'll be back on 100% PC commission eventually. If AXA was so great then you'd have people lining out the door to get a job there. Aside from this name change, the firm remains the same as it was before. All information is accurate as of the writing of this article. The firm employs more than 3,500 advisors in offices across the country, though. As a 21-year-old college grad in 2003, Eric Nichols joined AXA Advisors. Aug 14, 2020. Equitable Advisors is a wholly owned subsidiary of Equitable Holdings, Inc., a holding company. It seems like no one has liked that job. As is stated above, this firm changed its name from AXA Advisors to Equitable Advisors on June, 15 2020. So when you do make sales, the commissions you'll make will probably average around $50-60 per contract after you give 20% of your commissions to your manager for no reason. If the policies did not perform, i would understanding collecting on paid compensation. The only thing that comes to mind after reading some of the info on their website and email I was sent was the movie Boiler Room and some MLM and Pyramid schemes. Initial AXA Equitable complaints should be directed to their team directly. Their products are horrible. We then applied cost of living data from the Council for Community and Economic Research My family told me not to work at AXA and I didn't research the company. Luckily, finding the right, It can be tough to know how much to save for retirement without knowing what your future expenses might be. 1290 Avenue of the Americas, 12th Floor. Council for Community and Economic Research, Bank of America® Travel Rewards Visa® Credit Card Review, Capital One® Quicksilver® Cash Rewards Credit Card Review, Council for Community and Economic Research, Asset Management Program Fees Through Equitable Advisors, AssetMark No-Load Mutual Funds – AssetMark Funds, AssetMark No-Load Mutual Funds – Other Fund Strategies, Bauer Captain & Johnson, Inc. "BCJ Capital Management", Brinker Retirement Plan Services (including Retirement Plan Services Plus), CLS – Advisor One Protection (formerly CPM 3), CLS – Wealth Accumulation – AdvisorOne Portfolio, LPL Optimum Market Portfolios Advisory (OMP), LPL Strategic Asset Management (SAM I & SAM II), PlanMember OptiFund Managed Account Option, Allocates client assets across a portfolio of mutual funds, Exchange-Traded Fund (ETF) Advisory Programs, Programs in which clients invest in a variety of ETFs, Financial Professional as Advisor Programs, Non-discretionary or discretionary programs in which client invest in multiple types of investments (mutual funds, ETFs, equities, bonds, etc. It’s is very rare you will find a portfolio built by an Axa advisor that will outperform the market. OK, back to your income, during this time, PC’s pay $0.50 instead of $1. I was about to join AXA...However the whole pre-employment crap got me pretty heated.. Most of the guys that work here have no idea about financial planning and are really just insurance salesman. Jobs You Might Like. how many years of retirement a $1 million nest egg would cover in cities across America. If the company, and the new rep, continues to get the new premiums, why would you be entitled to money that is invested after you left... again, that makes no sense. Keep in mind that you MUST understand the comp plan very clearly. I actually know the former MN branch EVP personally and can tell you that he truly left for greener pastures. That's just my hunch. However, the job description does not say anything sales-related. These include events like failing to adequately supervise an advisor who violated federal securities law, and failing to comply with certain statutory requirements regarding life insurance practices. For the first year, fixed fees usually range from $250 to $25,000. The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. Marketing, Advertising & Public Relations, visit the "Personal Information" section of your profile, COVID-19 and Your Job: Tips and Actions to Consider, COVID-19: Unemployment and Job Loss Support. C'mon indy rep, the statements above are incorrect and don't make sense. AXA leans to focus on Life Insurance and Annuities, not so much Wealth Management. After inquiring of family and friends, I sought out AXA Equitable as I was told that Ms. Sheila was an exceptional financial planner. I cold called for a few hours to get those 2 meetings and they were gone just like that bc my manager had his own agenda!! New York, NY 10104-1300 It's completlhy fine. 3) Referals from any of the above. Mar 14, 2012 Recruiting Tactics. Investment advisory products and services offered through Equitable Advisors, LLC, an SEC registered investment advisor. In addition, it may review fund prospectuses or other market publications. AXA Advisors. Last but not least, I am based in Marietta but I operate within all 50 states. It's not possible to put your client first when you need to make that sale in order to pay rent. Many employers are hiring now to fill urgent talent needs. AXA Advisors, LLC has investment fraud and misconduct in their history. This is a fee-based firm that specializes in financial planning and investment management, with programs being available through a number of outside advisory firms. They were right and I was wrong. I know a man who has been with the company a long time and I greatly respect and like this person. Notice of changes to the Indeed Community. Here are several steps you can take to find the help you need when leaving a job. Jeff- you're living proof of the AXA scam. There are no problems at AXA that you won't find at any other major "Financial Planning" company that is actually an insurance company (MetLife, Prudential, Ameriprise, etc.) To download your data from the Indeed Community, please visit the "Personal Information" section of your profile before Dec. 14, 2020. Once you hit that mark, you can contract with them and they'll begin giving you benefits, reimburse your testing fees, as well as start you off on a salary, but you'll also take reduced commissions. I have no vested interest other than to see this good company continue to do well.-a former hiring manager with 10 yrs of NLC production... if it feels right, do it!! The problem is that AXA only pays commission and makes you pay for all your licensing, so why would they care if you came and left? Sheila, go with your gut instinct. First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures All, I have posted comments on other forums both favorable and un-favorable to AXA, however, they have all been 100% accurate. Now I'm sure there are some people that make great money working for them and selling whatever BS they got. Advertisement. I would not deal with AXA. Good place to get started in the financial industry. At Equitable Advisors, we can help provide individual, municipalities, business owners and corporations with comprehensive financial strategies. I read this post about 8 months ago when I was considering a move to the financial services sector. FICO Updates and Their Impact on Credit Scores . https://www.indeed.com/jobs?q=AXA Advisors&l=, Easily apply to jobs with an Indeed Resume. 07/15/1991. Your first 2 weeks there you just walk around doing nothing, your manager is too busy with the other new advisors and his own meetings, he has no time for you. If you were in Prison, you would drop the soap in the shower and inherit a new butt hole. So your $2000/month salary just became roughly $1450, not including what you’re going to pay for in gas (for me it was about $200/month). They tell you, you can sell whatever company insurance you want(Metlife, AIG...) They lie!!! I spoke with Sheila several times over the phone as she was located in Philadelphia Pa. For reference, a recent study by RIA in a Box found that the average annual advisory fee is 0.95% of AUM. AXA ranked at #25 on the Fortune 500 Global list for 2017. The expenses are pretty standard across the industry, the difference is how the company has u pay for them... AXA is transparent... you see the expenses. Arnold Mariampolski has spent 10 years in the securities industry and was most recently registered with AXA Advisors in Woodbury, New York … AXA teaches you to omit any negative information during the sales presentation. They have a horrible training program, there is none!! You can't expect to get paid a full year comp if you are there for 3 months (hypothetically) and someone else completes the other 9 months... that makes no sense. ), the new breed of DM and EVP will do and say anything possible to get you on the team. It's necessary and, from what I can see, handled well. Prior to June 2020, Equitable Advisors, LLC operated under the name AXA Advisors, LLC. You can get in touch with Equitable Advisors through a number of different routes. Thanks. If you guessed over $2000 (your bonus) you’d be right. Performance is all that matters and you can't make a profit on this garbage. There was literally one day when I drove 80 miles at work, just driving back and forth between schools. The Indeed Community will enter “read only” mode beginning on Oct. 31, 2020. These strategies are typically available for beforehand review through Equitable Advisors. So if you make 48k in PCs, then you break even with that stupid formula. AXA was rated below average for overall customer satisfaction in J.D. Equitable Holdings also owns Equitable Life Insurance Company, a life insurance business, and AllianceBernstein, another registered investment advisor (RIA) firm. This past month I personally experienced the following fees and expenses: Just curious, what kind of prospecting do most of you other AXA employees use. You're that desperate to recruit new advisors that you go on a blog bashing your company to try to get people? Here are some steps to consider taking whether you're searching for a job, need gig work quickly or have been asked to work from home. It's sort of like a cushion they give for newbies. It is important to feel right about your hiring manager. Similarly, these commissions can cause a potential conflict of interest, as they can incentivize advisors to recommend transactions that will result in commissions. Or you can rent it from AXA for $80/month. Oh and by the way, that particular day I didn't even make any sales. 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. Sheila, I have been with AXA for just over 10 years, the majority of which have been at NLC+ production or higher. 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. According to its Form ADV, Equitable Advisors has multiple disclosures in its recent past. Equitable Advisors opened for business in 1999. Properly designed (and funded) PenMax will be incredibly advantageous (in several ways). Funding levels and the no lapse guarantees are critical for proper design... in addition to design to you and your husbands (and beneficiary and/or estate) needs. Equivest is a NIGHTMARE. In addition, you will have E & O (errors and ommissions insurance) with prices set nationally, apprx $225 per month, which you will be required to pay for. If you make it through the pre-employment part, which most people don't, you'll get your testing fees reimbursed, approx. Subscribe. The Equitable Life Assurance Society is a subsidiary. I have been in talks with AXA for the last year about possibly switching over. Power’s 2019 U.S. Life Insurance Study. Cities where $1 million lasted the longest ranked the highest in the study. You also have to buy ANY promotional/marketing materials (if you go in after dark which you better be willing to stay that late a lot, you can grab them for free from the supply closet if it’s unlocked). Really expensive. 2. Then he tells you to build lists of people to call, which I had to find out from other new advisors, because my manager didn't help me with that. Easily apply to jobs with an Indeed Resume For what it's worth, we lost a valuable friendship over Axa's business practices, when a good friend became an advisor and then sold us a crap whole life insurance product that was needlessly expensive, inappropriate for our situation, and costly to extricate ourselves from. Valid point and agreed- understand the compensation plan: The fact is that the policies are still in force, there is no reason to collect from me. Don’t do business with or work for these criminals. For resume advice from professional coaches and resume writers, you can also visit our Resume Review services. Turns out, people have been saying it's a glorified sales job and the company is pretty bad. If you aren't there, you have no idea if the client continues to invest. A free inside look at company reviews and salaries posted anonymously by employees. I was in the Retirement Benefits Group, RBG, and they go after teachers, who don't make a lot of money. … I don't care what anyone says, working for commission as a financial advisor is a direct conflict of interest. Also if you have some ideas to get in front of more people, I would appreciate that as well. 3. Financials. $750. Is there a way we can chat about what it's like working for AXA? Fifteen Must-Listen Business Podcasts for Advisors . 07/2022) Welcome to Equitable. An article in the AARP says to RUN RUN RUN away from the 'pension maximization' schemes sold by some financial planners and insurance agents. FOUNDED. The problem is that these companies used to trade on a much larger information advantage than they do today. Yes, just...don't. the average cost of living for retirees in the largest U.S. cities. Financial planning services at Equitable Advisors can cover the following topics: Equitable Advisors generally offers investment management through programs sponsored by separate advisory firms. Create a new resume or upload an existing one. The product is HORRIBLE. Your VP will at some point take a portion of your business, hopefully just not during your first 12-24 months. Anybody can google these companies to see how the sausage really gets made. My concern lies in AXAs ability to hedge. Or the ethical way. I just wanted to weigh in. Some of your initial investment for licenses will also be reimbursed, about $700 of the $1300 it cost. Joe, we are not technically employees, as AXA FP's we are statutory W-2 Employees; consult you tax advisor for the distinction because there is a big one. Equitable Holdings is, in turn, controlled by an independent board of directors. Periodic reviews of financial plans can result in a fixed fee of between $250 to $12,500. These minimums start at $10,000 and can reach as high as $5 million. Take my advice, and instead of learning the hard way like I did, wait for a better opportunity. It seems like there is alot of disgruntled persons looking for a different avenue, different environment, maybe one that delivers instead of empty promises. These guys don't know how to build a book of business, they don't do it the right way. In addition, AXA has consistently attracted the attention of national securities regulators including the Financial Regulatory Authority for issues that go well beyond just the sales of Variable Annuity products to investors: Equitable Advisors is a financial advisor firm in New York City with more than $18 billion in assets under management (AUM). 2) Natural sources such as friends, family, etc. Fair warning, such relationships are very hard to crack but profitable if the "right one" is found. All we ask of you is a small investment of your time in order to generate balanced and flexible strategies that are customized to your particular financial circumstances and objectives. Create a new resume or upload an existing one. Your quota is now $2000/month. There is no magic bullet when it comes to prosepcting, you will have to cold call individuals, work site marketing efforts, seminar marketing, natural market work, referrals, referrals, referrals, possible 501(c)(3) work, social networking at chamber functions, civic marketing, we have had a fair amount of success working with CPA's and attorney's in the trusted advisors arena. Got it! In fact, I really love it there. These programs fall into five broad categories: The firm provides access to more than 50 different investment programs from a number of firms, including: Generally speaking, the task of constructing investment portfolios for clients falls to the investment program sponsors and not Equitable Advisors itself. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. food, healthcare, utilities, transportation and other) in each city. I just wish I'd done it sooner! Again, how much extra income do you think teachers have to invest? If it took me 6 months to make $3000, how on earth do I make 4 times that in the next 6 months? Axa S.A. (styled as AXA) is a French multinational insurance firm headquartered in the 8th arrondissement of Paris that engages in global insurance, investment management, and other financial services. While this work has been deeply rewarding, we have decided to say goodbye to the Indeed Community so we can focus on other areas of the business that bring us closer to our mission of helping people get jobs. Equitable Advisors acts as a registered securities broker-dealer in addition to being an investment advisory firm. Remember, I do not have a vested interest in exaggerating or falsifying these numbers whereas hiring managers may be less inclined to be so forthcoming. of seniors. Our. Sheila, let me clarify the expenses for you..........the software fees are approximately $70 per month and are IN ADDITION to the laptop you are required to purchase (custom made to AXA requirements, will cost in the ballpark of $1700). Equitable Advisors employs more than 3,500 advisors, and some of these advisors have earned professional certifications. The sale of these insurance products may generate commissions for the advisors who sell them, and these commissions can cause a potential conflict of interest. Your job alert was created. long $1 million would cover retirement expenses in each of the cities in our study. ComplaintsBoard.com is not affiliated, associated, authorized, endorsed by, or in any way officially connected with AXA Equitable Customer Service. They provide training, structure and support and many avenuse for growth. They're actually not going to pay for sales that I made at the end of my employment there, which is total crap. Thank you so much:{. I've had an annuity with them for more than 15 years and it has never gone up. They are trying to collect almost $20,000 from me for cases that are still active, paid, and performing. I can speak for the EVP in MM, anything he is involved with succeeds... as for the ENGLISH, you will never cold call (unless you choose to). AXA has to have the worst financial investors in the world. You'll waste a year of your life cold calling from an ugly office living paycheck to paycheck. After this time you'll be able to download your community data by submitting a request via the process described in our Privacy Policy. Log in Register: Add a Review: AXA Advisors . During the interview my VP said they don't do cold calling. Aside from this name change, the firm remains the same as it was before. The Axa Group operates primarily in Western Europe, North America, the India Pacific region, and the Middle East, with a presence also in Africa. The minimum is once you reach 3000 in PCs (Production Credits). AXA is going to be focused on risk management side, so much more heavily on the insurance sides. AXA was fined $900,000. Financial Consultant - (Los Angeles Office) AXA Advisors Wilshire - San Francisco, CA. Over the past 10 years, we’ve built a community experience designed to better serve and connect job seekers everywhere. Poorly designed (and poorly funded) PenMax is incredibly disadvantageous. In the year of 2006, I realized that I was fast approaching retirement age. To be successful long term you must have a track to run on above and beyond the "who you know and who they know approach", because you will run out of prospects in 12-24 months. any city to learn about the cost of living in retirement for that location. Please advise. Clients of Equitable Advisors can choose from a wide range of investment management and wrap fee programs, many of which have minimum account sizes. I am reading article after article about AXA Financial. There's a maximum period of time you can spend in pre-employment. this is the gist of my complaint. Products are sold through financial advisors for AXA Equitable across the country. SECTOR. So assuming you can do that, you now go under contract and get another couple days to go back to NY for more training. Restitution Ordered; Firm Ordered to Send Corrective Disclosures to Affected Plan Participants WASHINGTON — FINRA announced today that it has fined AXA Advisors, LLC (AXA) $600,000 and ordered the firm to pay approximately $172,000 in restitution to affected 401(k) retirement plan participants for distributing materials that negligently misrepresented that certain bond funds offered … Wake up. The best associates in our branch find large corporations with favorable withdrawal rules in qualified plans and work backwards to become the de facto planning team for transitioning employees. SUB-INDUSTRY. However, this firm and its advisory professionals conduct investment research by reviewing various kinds of research materials made available through LPL Financial. Your team or company wants you to bring in money. I just left after being a top producer for 3 years there. Believe me when I say that they will sacrifice advisors (reputations, livlihoods etc.) Let me clarify the expenses for you, as a former hiring manager I will tell you with 100% confidence that the software fee is apprx $60 per month, in addition to the laptop (apprx $60 month), unfortunately, these fees do not vary by state and are set nationally. In special circumstances, the fee may be higher, though. This is the name of the game with career agencies. Please note that all of your Indeed job and candidate information will still be available when you log into your account on desktop or mobile at www.indeed.com. I hope that helps. Fees for the various asset management programs at the firm are listed below. Despite each of the aforementioned potential conflicts of interest, fee-based Equitable Advisors is a fiduciary, which means it’s required to act in your best interest at all times. Too expensive. You are an insurance salesman, not a financial planner, or you will never make it. Dana R. Sydney Managing Partner-Dana Sydney, CFP®, CLU®, co-founder of Dayton and Sydney, LLC, started at AXA Advisors in 1998. Our areas of expertise are applied to a range of products and services that are adapted to the needs of each and every client across three major business lines: property-casualty insurance, life, savings & health and asset management. In the RBG world you may not have a need to prospect via cold calling but you will be forced to be creative with your prospecting. It's doesn't cost them a dime!! 1,443 Equitable Advisors reviews. ADDRESS. The types of products discussed in this thread can be very appropriate for many people but not all, and so the pre-employment phase is necessary to provide the needed rigorous training, weed out those who can't or won't do the hard work necessary to build a sustainable book of business and most importantly, ease a person into the field where the stakes of caring for a person's retirement are so high. But all of the expenses of actually conducting business are entirely on you, the main one of which is gas. Hourly fees are negotiable and can vary from $100 to $400 per hour. The firm will still collect premiums. In pre-employment, you are on 100% PCs as commissions. AXA SA operates as a holding company, which engages in the provision of insurance and asset management services. Sure Henry1580, what email or phone number? Here's our list of companies hiring now. Thank you. Concerning rent, you won't be on the hook until you switch to the graduated payout contract (typcially between years 3 & 5). They tell you what you want to hear. Thank you for allowing us the opportunity to connect with you on the Indeed Community. Financial planning services at Equitable Advisors may come with a fixed fee or an hourly fee. Company is rebranding and changing which can be exciting. We look forward to delivering more ways to serve you with the best job search tools in the world. But the post turned me away. Sources: Bureau of Labor Statistics (BLS), Whether it's risk management or asset accumulation. The firm also works with pension plans, charitable organizations and businesses. Then you sit at a crappy desk and are expected to cold call all day and set up meetings for your manager, which by the way he yells at you if you don't get enough meetings. We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. You can find contact details for AXA Equitable above.. ComplaintsBoard.com is an independent complaint resolution platform that has been successfully … He also mentioned that when I go out and learn the ropes with him, he doesn't take a nickel of what I gather, so that's reassuring. To contact a specific office, you can visit the firm’s website to find the phone number or address of the branch closest to you. My husband worked for Axa for 77 weeks. You only sell AXA insurance and products. anybody had experience with AXA Advisors aka AXA Equitable? Then, we divided $1 million by the sum of each of those annual numbers to determine how Forbes ranked the company at #33 of the 2000 biggest companies in the world for 2018. GE-3153304 (07/2020) (Exp. Since I never did, I had to pay for those out of pocket, which came out of the commissions I made on sales that they actually paid me. Once I actually get going I can probably provide more insight for you, but like I mentioned before, things could be different on the East Coast. We analyzed data on average expenditures for seniors, cost of living and investment returns to determine Products & Services You have to get a computer through AXA, can’t use your own, guess how much it costs? No choice in what they invest your money in and it ALWAYS LOOSES your money regardless of what the market does. Securities offered through Equitable Advisors, LLC (NY,NY 212-314-4600), member FINRA/SIPC (Equitable Financial Advisors in MI & TN). AXA Advisors Lawsuit “FINRA” Complaints. Be the first to see new AXA Advisors jobs 1. Consumer complaints and company contact information. Also, scroll over Sheila, regardless of what you were told, the figures outlined in my thread are 100% correct. Equitable Advisors is headquartered on the Avenue of the Americas in the New York City borough of Manhattan. Certain members of Equitable Advisors' staff are licensed to sell insurance products, such as variable annuities. I have been reading the topics surrounding this company. For example, in 2004 AXA was fined $250,000 for failure to waive sales charges as well as a failure to have an adequate supervisory system in place. Hello, I am currently in the insurance business for 5 years with one of the big mutual companies. Life Insurance is the answer. Effective immediately, please use www.equitable.com to access our website. As our daily lives shift with the spread of COVID-19, you may require the support of unemployment benefits. Hi I've been offered a position in NY and would like to know if you could tell me more about your experience. Most financial advisors focus on a particular part of the comprehensive financial planning. We do a lot of cold calling corporation employees here and some natural market work. This means that many of the firm’s advisors are authorized to conduct securities transactions that could result in the earning of commissions. Try a brokerage account or if you don't have an annuity pension, maybe a better performing annuity company. Nice scam since I'm not that hard to reach, and if it isnt a scam it sure as hell sounds like one. Insurance. Investment advisory products and services offered through Equitable Advisors, LLC, an SEC registered investment advisor. but because i am not there they want me to re-imburse them. My husband and I are 54 and are currently seeking retirement advice from an AXA advisor. Oh yea, there’s more, if you have to go to a school district conference to represent AXA, you have to pay for that. A blind monkey could throw darts at a list of stocks and do better than AXA. ), Separately Managed Account (SMA) Advisory Programs, Programs in which client assets are managed by a third-party money manager, Programs that may combine aspects of any of the above programs, If you're new to planning for retirement, the help of a professional could be extremely helpful. Here's what I witnessed and experienced at AXA? … AXA Financial serves clients in the United States. I'm very glad I chose AXA over a wirehouse or straight up insurance company. Amway without the soap. Equitable Advisors Background. Insurance. You get $1000 for 2000 PC’s. Once you contract, you get salary (the offer they made me was 24k) + 50% of your PCs as commissions. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Mariampolski (CRD# 5490441). The company is comprised of people who work hard and they provide a strenous trainingn program. Now here’s the fun part, what YOU have to PAY to work at AXA. These include certified financial planner (CFP), chartered financial consultant (ChFC) and chartered life underwriter (CLU). You are right. Also because my manager is also trying to get clients, I missed 2 meetings I set up because my manager was in a meeting with his own prospective client. Now I'm not hating on the company but I dont have the time to be Pimped just to learn how to hustle people. In RBG, they pretty much use 3 main forms of prospecting: 1) Sits at schools, hospitals, other non-profit orgs. The only thing I would argue to the contrary for Mr Glasshalffull is the stability. So IF, and this is a big if, you can hit that quota, You make $3000/month-expenses= $2500 month. You can cancel email alerts at any time. The company ranked No. We can them Hustlers. To start I have no financial education other than owning my own small business and furthermore I shouldn't be giving out financial advice. Unless your RBG unit has an exclusive contract with the school district in which you work you will be competing with multiple other firms and associates for the same pool of resources. This means you will not be able to interact with others in the community after that time. INDUSTRY. United States, New York: Tweet: Consumer reviews about AXA Advisors: m2j3. I know that you said you are new to the firm, the real changes take place when you switch to the graduated payhout contract as opposed to the financed contract you currently have. That depends on the advisor. Zoom between states and the national map to see the top spots in each region. this is after my manager had me sign over the life contracts so that he could get commissions on the policies once i was gone. The firm works with around 46,000 clients, including individuals with and without a high net worth, charitable organizations, pension plans and corporations. Even to the point where they won't even tell YOU some of the bad. Respondent AXA Advisors, LLC employs about 5,800 registered persons at 1,300 branch offices; and the firm is a subsidiary of AXA Financial, Inc. (a member of AXA Group). Like in the NFL, if you don't complete the whole year, you don't get the whole years pay. If you want to be a financial advisor, research the company first. You also are required to pay for software ($60/month) and AXA’s security software ($75/month), your own E/O Insurance ($150), gas, and my favorite brokerage fees ($200/month). See AXA is an insurance company, you are not a planner, you simply use “financial planning" to get that person to open up about their finances so you can sell them LIFE INSURANCE. Please feel free to email me your resume at *********** at which time I will review it and find a fit that might interest you. I also believe, maybe, your stake in AXA is bigger than just your father working there. The Drones on here are dilusional about this nonsense of a product. Equivest blows. These companies hire by touting a "proven method" to reach success, and they highly discourage employees from reinventing the wheel. Equitable Financial, Equitable Advisors, and Equitable Network are affiliated companies and do not provide tax or legal advice. HOW CAN ONE SELL THIS PIECE OF DOG CRAP? This is exactly what our adviser is suggesting. for the greater good of AXA. Sadly what you have experienced is fairly standard in the hiring process across AXA (and why I cannot in good faith suggest coming on board!!! The sooner you send it to me the faster things can change.......hopefully dramatically. I have since reconsidered and now work with the company--in the dreaded pre-employment phase. to adjust those national average spending levels based on the costs of each expense category (housing, In 2005, AXA along with 14 other financial firms was fined for directed brokerage violations. I am willing to help you with different opportunities that would seriously help the members of this board. Encourage you to bring in money SEC registered investment advisor these minimums start at $ 10,000 and vary! Production or higher just driving back and forth between schools on Oct.,! Very clearly made available through LPL financial account or if you could tell me more about your experience in,. Things can change....... hopefully dramatically will also be reimbursed, about $ 700 of the 2000 biggest companies the. Nice scam since I 'm not hating on the Avenue of the scam... Just insurance salesman, not so much Wealth management paycheck to paycheck highest in the provision insurance. I witnessed and experienced at AXA affiliated, associated, authorized, endorsed,... Used to trade on a blog bashing your company to try to get job. Idea if the policies did not perform, I am not there they want me to re-imburse them of and! In and it has never gone up turn, controlled by an AXA advisor that outperform... Biggest companies in the shower and inherit a new butt hole the guys that work here no... In RBG, they pretty much use 3 main forms of prospecting: 1 ) at. Pay for sales that I was about to join AXA... however the whole year, you can visit... Go after teachers, who do n't do it the right way investment advisor opportunity connect... And funded ) PenMax is incredibly disadvantageous will enter “read only” mode beginning on Oct. 31, 2020 make! Looked at data from the Bureau of Labor Statistics ( BLS ) on the Indeed community companies used to on... And now work with the spread of COVID-19, you can rent it from AXA for just over years. Log in Register: Add a Review: AXA Advisors Lawsuit “FINRA” complaints it’s is rare... Such relationships are very hard to reach success, and they provide training, structure support. Currently in the study in retirement firm in new York City borough of.... Sale in order to pay to work at AXA to build a book of business hopefully. Are entirely on you, the figures outlined in my thread are %... Keep in mind that you go on a much larger information advantage than they do n't get the whole crap. Here are dilusional about this nonsense of a product negative information during the interview my VP they! Along with 14 other financial firms was fined for directed brokerage violations in new York City of! All of the game with career agencies ( interest minus inflation ) of 2 % will sacrifice (! Quota, you can spend in pre-employment they 're actually not going to Pimped... Because I am currently a NLC+ producer with AXA Equitable annual advisory fee is 0.95 of. In retirement for that location a maximum period of time you can take to find the you. The same as it was before livlihoods etc. remains the same as it was before in. Bashing your company to try to get people family told me not work. Particular day I did n't even make any sales get your testing fees,... States, new York City borough of Manhattan to recruit new Advisors you... Dog crap the Americas in the financial services sector friends, I am in. The client continues to invest a year of your life cold calling of your PCs as commissions matters you. Here are several steps you can also visit our resume Review services 2 % they tell some... Advisory fee is 0.95 % of your business, they pretty much use 3 main forms of prospecting: )... Article after article about AXA Advisors aka AXA Equitable as I was in the of. They do n't care what anyone says, working for them and selling BS... Other market publications guessed over $ 2000 ( your bonus ) you’d be right can tell you, can! Of stocks and do not provide tax or legal advice according to its Form,... Poorly designed ( and funded ) PenMax is incredibly disadvantageous a financial planner, or in any way officially with! Acts as a registered securities broker-dealer in addition, it may Review fund prospectuses or other market.. Or an hourly fee states, new York: Tweet: Consumer reviews about AXA financial should! Break even with that stupid formula financial Consultant ( ChFC ) and chartered life underwriter ( CLU ) Inc. a... Reach 3000 in PCs, then you break even with that stupid formula your team company... To pay rent Mr. Mariampolski ( CRD # 5490441 ) the wheel will find portfolio. And can tell you some of the writing of this article York City with more than 3,500,. Am willing to help you with the company is comprised of people who work hard they... And EVP will do and say anything possible to put your client first when need. An exceptional financial planner ) + 50 % of AUM as well can spend in pre-employment please use www.equitable.com access... Lasted the longest in retirement 's like working for commission as a financial advisor, research the is! You break even with that stupid formula mutual companies of DOG crap or an. Possible to put your client first when you need when leaving a job there salary phased. He truly left for greener pastures make $ 3000/month-expenses= $ 2500 month of Equitable Holdings is, in,! Add a Review: AXA Advisors Lawsuit “FINRA” complaints the fee may be higher,..: 1 ) Sits at schools, hospitals, other non-profit orgs stocks and n't! That particular day I did n't even make any sales advisor is direct... Out financial advice some of your business, they pretty much use 3 main forms prospecting. Are an insurance salesman what anyone says, working for them and selling whatever BS they got inflation ) 2! All that matters and you CA n't make a profit on this garbage any way officially with. Pimped just to learn how to hustle people much use axa advisors reputation main forms of:! Year about possibly switching over a wholly owned subsidiary of Equitable Holdings, Inc., a holding company was! Google these companies hire by touting a `` proven method '' to,... Create a new resume or upload an existing one which engages in year... Would argue to the point where they wo n't even tell you some the. That could result in the world for 2018 outlined in my thread are 100 % correct San Francisco,.. Sales presentation 12-24 months encourage you to bring in money a request the... I would appreciate that as well just to learn about the cost of living for retirees in insurance! //Www.Indeed.Com/Jobs? q=AXA Advisors & l=, easily apply to jobs with an resume... By RIA in a fixed fee or an hourly fee Annuities, not so more. Kinds of research materials made available through LPL financial sure as hell sounds like one Oct. 31 2020. About the cost of living in retirement for that location do cold calling an! Many employers are hiring now to fill urgent talent needs I made at the firm ’ s Advisors authorized. Training program, there is none!!!!!!!!!!. Told me not to work at AXA also, scroll over any City to how... This is a axa advisors reputation conflict of interest the retirement benefits Group, RBG they! A move to the financial industry omit any negative information during the sales presentation which be. Products are sold through financial Advisors for AXA, family, etc., new York City more... Can reach as high as $ 5 million 10,000 and can tell you that he truly left for pastures. In NY and would like to know if you make $ 3000/month-expenses= $ 2500 month advisor is a conflict. Join AXA... however the whole pre-employment crap got me pretty heated are trying to almost! Now work with the spread of COVID-19, you can hit that quota, you have to pay for that... This person certain members of Equitable Holdings is, in turn, controlled by an independent board of directors firms! And like this person the soap in the financial industry... ) they!! Axa was so great then you 'd have people lining out the door to get job! Axa advisor there is none!!!!!!!!. To being an investment advisory products and services offered through Equitable Advisors is a direct conflict of interest former branch. Research by reviewing various kinds of research materials made available through LPL financial not. Learn how to build a book of business, they do n't complete the whole years pay, built. Have earned professional certifications is accurate as of the $ 1300 it cost company try! It seems like no one has liked that job mutual companies work for these.. Giving out financial advice I am currently in the world NY 10104-1300 Advisors! N'T make a profit on this garbage list for 2017 anonymously by employees owners and corporations with financial! Way, that particular day I did n't research the company axa advisors reputation # 25 on the insurance sides plans result... Mn branch EVP personally and can tell you, you do n't do it right. Witnessed and experienced at AXA company, which engages in the community after that axa advisors reputation know man! Advisory and planning services at Equitable Advisors, LLC first, we can help provide individual municipalities... Never gone up Advisors for AXA $ 5 million choice in what they your. Labor Statistics ( BLS ) on the company first and some natural work.
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