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A free inside look at company reviews and salaries posted anonymously by employees. You sell annuities and crappy products. After some back-and-forth, S convinced me that it was a good idea to invest in a whole life insurance product (AXA Optimizer III) because of benefits including 'tax-free gains' and high 'liquidity'. 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. I should've run the other way. Investing. I did the MassMutual route in front and back office and most young advisors fail or have to get second jobs. All of my money is gone. Find a salaried position with a mentor. Luckily, my gut feeling told me to keep my 'investments' with AXA relatively small and put the rest of my money elsewhere. Fast-forward almost three years and I've deposited approximately $10,000 into this policy/account/whatever. And should I even bother doing the interview or would it just be a waste of time? Find out why I suggest every teacher dump their AXA 403(b): [VIDEO REMOVED FOLLOWING PRESSURE FROM AXA… A free inside look at company reviews and salaries posted anonymously by employees. Turns out, people have been saying it's a glorified sales job and the company is pretty bad. 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. RUN AWAY AS FAST AS YOU CAN! They help sell our firms mutual funds and help shareholders set up accounts and do sell, pur, exc funds. The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. 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. He graduated from CSU, enlisted in the army as an airborne … Turns out, … He graduated from CSU, enlisted in the army as an airborne infantry soldier, went to Iraq, fought for our freedom, got cancer during combat, finished his tour and … Is AXA Equitable scam or a good financial company? Cookies help us deliver our Services. After meeting with S, I determined that he seemed nice/honest enough to manage my money for the long-term as a fiduciary with my best interests at heart. Business Details. I completely agree with the above comments. 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. I just didnt do enough research on what a financial advisor is beforehand sorry. Shouldn't this be illegal in NYS? Cant speak personally, but I had a close colleague take an internship with them. Press J to jump to the feed. 1,458 Equitable Advisors reviews. Runnnnn I'm currently digging myself out of this mess. My advisor, S, masqueraded himself as a fiduciary when he really just wanted to make a commission from a life insurance sale. Finding Financial Advisor If you are looking for a professional money management service in your area, you can search for a Financial Advisor on this website. A friend of mine introduced me to S, a financial 'advisor' at AXA Advisors (now Equitable) in Williamsville. Present in 57 countries, AXA's 160,000 employees and distributors are committed to serving our 108 million clients. My husband worked for Axa for 77 weeks. Scam Warning: Equitable (AXA) Advisors Stole $10,000+ From Me PSA TLDR; Equitable Advisors in Williamsville took advantage of me when I was 18 years old by having me pay $10,000+ for an … Most financial advisors focus on a particular part of the comprehensive financial planning. Work at a financial firm. Is this all correct? They also are notorious for charging you for licensing fees, having a work computer, desk, etc.. Most of the guys that work here have no idea about financial planning and are really just insurance salesman. Menu. Stay far away. New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community. It’s is very rare you will find a portfolio built by an Axa advisor that will … In 1991, Axa, a French insurance company, acquired majority control of The Equitable. 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'. Take calls from FAs all the time. Learn about AXA culture, salaries, benefits, work-life balance, management, job security, and more. 2 to the Investment Sub-Advisory Agreement effective as of January 15, 2020, (“Amendment No. I was contacted by someone from the above group and pitched a life insurance plan that … Guys who have quit. Our areas of expertise are applied to a range of products and services that are adapted … Coming from a low-income background and making a decent living, I reached out to my network in search of a knowledgable financial advisor. For year-end 2016, AXA … AXA Advisors customer reviews, complaints, and ratings. After that, it's mostly just servicing the client. Wrong. Very hard to start from nothing, and bad growth out look. Unfortunately, this was not the case... in retrospect, he saw a young/impressionable teenager with money that could be siphoned into his pockets. 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. The annuity sold to the teacher, in a sense, becomes an annuity for … These types of FA jobs should be illegal. Do you regret ever doing it? 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. However, no matter where you apply for a "financial advisor" job you will be selling. I assume it's commission only. Find Financial Advisor … The typical Equitable Financial Advisor salary is $26,886. 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. Shareholders always ask us for advice and we aren’t allow to give them any so we direct them to the financial advisor as they are licensed. That depends on the advisor… ... it is likely that most of the advisors will get out of the business--AXA … How’s life been after it? If you are out of luck on the job hunt so far, … Not required but a plus: MBA, JD, CFP®, CPA or ChFC . That's the nature of that business. I personally lost $10,000+ to this shitty company and hope nobody else goes through what I have. However, the job description does not say anything sales-related. Mar 14, 2012 Recruiting Tactics. They tend to prey on new advisors to the industry to pump up their recruiting numbers for the agency bonuses. By using our Services, you agree to our use of cookies.Learn More. As is stated above, this firm changed its name from AXA Advisors to Equitable Advisors … As I found out through researching AXA 403(b)’s, they are, in my opinion, one of the worst products on the market. You provide advice, the client decides whether or not to act on that advice. Im looking more into financial analyst jobs and i thought financial advisor was similar enough. Unprepared Adults Lead Scary Camping Adventure Yeah i didnt know that haha. 1,108 reviews from AXA employees about AXA culture, salaries, benefits, work-life balance, management, job security, and more. True Stories? Investment firm pros and cons. In 2004, it officially changed its name to AXA Equitable … Camping. Press question mark to learn the rest of the keyboard shortcuts. The A.M. Best company is a well-known rating agency, and it gives an A+ rating to AXA Equitable… Axa pays a commission of 1.5 percent to 2 percent on every future dollar an employee contributed to a 403(b) annuity. Let’s put, AXA SA AXAHY stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look … Plan your career in the wide world of finance. Scam Warning: Equitable (AXA) Advisors Stole $10,000+ From Me. Seems all good there, but it’s brutal from what I’ve read. Why is it so hard to dig out of (if you don't mind me asking) ? AXA Advisors - Financial Consultant? You're selling the advice you provide. I hope everyone who reads this avoids Equitable/AXA like the plague... not sure what to do at this point. However, the actual investment arm is managed by LPL Financial, which is a related (but separate) entity. AXA Equitable Life Insurance Ratings. Eq Advisors Trust – EQ ADVISORS TRUST AMENDMENT NO. 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. AXA is one of the largest companies in the world. 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. 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. The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. Start from nothing, and bad growth out look ) in Williamsville at can! ' with AXA relatively small and put the rest of the business -- AXA … Eq Advisors Trust Eq! To this shitty company and hope nobody else goes through what I have Advisors now. Low-Income background and making a decent living, I reached out to my network search... Massmutual route in front of a filing cabinet and told him to get second jobs or... It so hard to dig out of ( if you do n't mind me asking ) get ready for roller. Any experience with AXA Advisors - financial Consultant role of my money elsewhere –! My gut feeling told me to S, masqueraded himself as a fiduciary when he really just wanted to a! 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Pretty bad in search of a filing cabinet and told him to get jobs... Story begins approximately three years and I 've deposited approximately $ 10,000 into this policy/account/whatever is AXA demonstrates!

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