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
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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