For most, a pyramid scheme - Financial Advisor/Professional Equitable Advisors Employee Review

1.0
Mar 9, 2018
Recommend
CEO approval
Business Outlook

Pros

If you already have a book of business at another firm, you'll probably get better multipliers and bonuses with AXA. If you somehow end up working with one of the top 3 producers in ATX (not their underlings) you have a chance. Office location. You will likely work with friends- because they will have lured you in for the interview in the first place.

Cons

First months you'll be pre-contract you pay for tests, must make $5k before its repaid. Accompanying you on meetings with your "natural market" will be your managers' (or managers chosen lieutenant) main priority. These will be your parents, friends (over age 25), and family friends. You will be given scripts to read that pitch everything from a "second set of eyes" to your new divine calling to "faith based financial planning" to set a meeting. If you don't plan on drinking the koolaid/ building your book on your friends and family, start elsewhere.

Explore other reviews about Equitable Advisors

5.0
Jul 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Very fun work place and great work environment. Awesome incentive trips, great culture. Good management. Very motivational culture. Very lenient schedule depending on manager.

Cons

Bad pay within first couple of years. Back paying salary through "recovered commissions". Not much support in terms of finding clients.

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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