However, the job description does not say anything sales-related. Turns out, … The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. Yet, over 50% of teachers are using them to save for retirement. (Originally Posted: 04/19/2011) Has anyone had experience with AXA Advisors financial consultant role? 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. These types of FA jobs should be illegal. Business Details. I can speak from experience. 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. 2”) between AXA Equitable … Cant speak personally, but I had a close colleague take an internship with them. RUN AWAY AS FAST AS YOU CAN! Business Details. Most financial advisors focus on a particular part of the comprehensive financial planning. True Stories? 12 Equitable Advisors reviews in Bala Cynwyd. A free inside look at company reviews and salaries posted anonymously by employees. Eq Advisors Trust – EQ ADVISORS TRUST AMENDMENT NO. Stay far away. Howâs life been after it? They help sell our firms mutual funds and help shareholders set up accounts and do sell, pur, exc funds. Camping. Not required but a plus: MBA, JD, CFP®, CPA or ChFC . Financial Advisor salaries at Equitable can range from $24,000 - $113,517. I should've run the other way. Axa pays a commission of 1.5 percent to 2 percent on every future dollar an employee contributed to a 403(b) annuity. AXA Equitable Life Insurance Ratings. 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. 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. The A.M. Best company is a well-known rating agency, and it gives an A+ rating to AXA Equitable… AXA Advisors customer reviews, complaints, and ratings. Whether it's risk management or asset accumulation. 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. 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. By using our Services, you agree to our use of cookies.Learn More. The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. 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. Securities offered through Equitable Advisors, LLC (NY, NY (212) 314-4600), member FINRA, SIPC (Equitable Financial Advisors … AXA is one of the largest companies in the world. The Equitable Life Assurance Society is a subsidiary. Find Financial Advisor … You provide advice, the client decides whether or not to act on that advice. Coming from a low-income background and making a decent living, I reached out to my network in search of a knowledgable financial advisor. This estimate is based upon 13 Equitable Financial Advisor … Do you regret ever doing it? 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. You sell annuities and crappy products. A look at the reviews of AXA Equitable demonstrates the power it has in the industry. That's the nature of that business. The typical Equitable Financial Advisor salary is $26,886. 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.). I personally lost $10,000+ to this shitty company and hope nobody else goes through what I have. Skip to content. Equitable Advisors opened for business in 1999. Mar 14, 2012 Recruiting Tactics. I just didnt do enough research on what a financial advisor is beforehand sorry. Yeah i didnt know that haha. AMENDMENT NO. The Equitable Life Assurance Society is a subsidiary. Any experience with AXA/Equitable Advisors/Matauro and life insurance tax avoidance strategies? Investment firm pros and cons. He graduated from CSU, enlisted in the army as an airborne … 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. 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. Is AXA Equitable scam or a good financial company? New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community. Take calls from FAs all the time. My story begins approximately three years ago, having just turned 18 years old and making some decent money writing software for local startups. Unfortunately, this was not the case... in retrospect, he saw a young/impressionable teenager with money that could be siphoned into his pockets. 50 reviews from AXA employees about working as an Intern at AXA. My advisor, S, masqueraded himself as a fiduciary when he really just wanted to make a commission from a life insurance sale. Long story short, they sat him down in front of a filing cabinet and told him to get to work. My husband worked for Axa for 77 weeks. 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'. Menu. You will be required to attain under the sponsorship of Equitable Advisors: state life and health licenses, FINRA Series 7 and 63 registrations. They tend to prey on new advisors to the industry to pump up their recruiting numbers for the agency bonuses. Yup I interned for a day there. 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. Shareholders always ask us for advice and we arenât allow to give them any so we direct them to the financial advisor as they are licensed. ... it is likely that most of the advisors will get out of the business--AXA … 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. All of my money is gone. Find out why I suggest every teacher dump their AXA 403(b): [VIDEO REMOVED FOLLOWING PRESSURE FROM AXA… I hope everyone who reads this avoids Equitable/AXA like the plague... not sure what to do at this point. Agency bonuses 18 years old and making some decent money writing software local! Firms mutual funds and help shareholders set up accounts and do sell, pur, exc funds their numbers... Percent on every future dollar an employee contributed to a 403 ( b ) annuity low-income background and making decent. $ 26,886 Equitable can range from $ 24,000 - $ 113,517 10,000+ to this shitty company hope. 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