Sales job (beware college grads) - Financial Advisor Equitable Advisors Employee Review

1.0
Mar 5, 2025
Recommend
CEO approval
Business Outlook

Pros

They pay for your financial licenses

Cons

Once you get your licenses you have to bring a few clients over in order to get your permanent contract. You have 2 options: go full commission or go half commission + $24k a year base salary. They will train you on how to sell proprietary products, not financial advising. They will push you to bring over family and friends, and sell them this products (that will lock your family's money for 6 years). Once you run out of family they will make you cold call, at least 300 dials a week. They believe in the culture of showing up really early and leaving really late. You will work at least 10 hours a day and they will make you go to the office on Saturdays. Your job is pushing high fee annuities and life insurance. When you leave they keep all your clients and will sue you if you reach out to them. The predatory strategy is to hire kids from wealthy families, get their family's money and then make the kid cold call until he decides to leave due to the burn out. THERE ARE BETTER WAYS TO START IN THIS INDUSTRY, DON'T GO THERE

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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