For year-end 2016, AXA … However, the job description does not say anything sales-related. A free inside look at company reviews and salaries posted anonymously by employees. Why is it so hard to dig out of (if you don't mind me asking) ? You will be required to attain under the sponsorship of Equitable Advisors: state life and health licenses, FINRA Series 7 and 63 registrations. Best Cities for Jobs 2020 NEW! Im looking more into financial analyst jobs and i thought financial advisor was similar enough. You're selling the advice you provide. Is AXA Equitable scam or a good financial company? Yup I interned for a day there. All of my money is gone. Camping. Unprepared Adults Lead Scary Camping Adventure My husband worked for Axa for 77 weeks. I did the MassMutual route in front and back office and most young advisors fail or have to get second jobs. 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 … Cookies help us deliver our Services. The typical Equitable Financial Advisor salary is $26,886. 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'. AXA Equitable Life Insurance Ratings. That depends on the advisor… This estimate is based upon 13 Equitable Financial Advisor … Turns out, people have been saying it's a glorified sales job and the company is pretty bad. Press question mark to learn the rest of the keyboard shortcuts. AXA Advisors - Financial Consultant? 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. These types of FA jobs should be illegal. I can speak from experience. Now buckle up and get ready for this roller coaster ride. Mar 14, 2012 Recruiting Tactics. True Stories? If you do have assets managed by AXA… 2”) between AXA Equitable … I personally lost $10,000+ to this shitty company and hope nobody else goes through what I have. The Equitable Life Assurance Society is a subsidiary. Work at a financial firm. They also are notorious for charging you for licensing fees, having a work computer, desk, etc.. Do not take it. 2 to the Investment Sub-Advisory Agreement effective as of January 15, 2020, (“Amendment No. However, no matter where you apply for a "financial advisor" job you will be selling. I was contacted by someone from the above group and pitched a life insurance plan that … Unfortunately, this was not the case... in retrospect, he saw a young/impressionable teenager with money that could be siphoned into his pockets. You provide advice, the client decides whether or not to act on that advice. Menu. Do you regret ever doing it? I completely agree with the above comments. In 1991, Axa, a French insurance company, acquired majority control of The Equitable. 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. AXA is going to be focused on risk management side, so much more heavily on the insurance sides. It takes years to build a book and doing is without a salary makes it very hard for most advisors. AXA itself does sell life insurance and other commission-based products. Stay far away. Business Details. A look at the reviews of AXA Equitable demonstrates the power it has in the industry. Business Details. 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. Fast-forward almost three years and I've deposited approximately $10,000 into this policy/account/whatever. Most of the guys that work here have no idea about financial planning and are really just insurance salesman. Learn about AXA culture, salaries, benefits, work-life balance, management, job security, and more. It’s is very rare you will find a portfolio built by an Axa advisor that will … 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. I assume it's commission only. That's the nature of that business. (Originally Posted: 04/19/2011) Has anyone had experience with AXA Advisors financial consultant role? Skip to content. My story begins approximately three years ago, having just turned 18 years old and making some decent money writing software for local startups. Seems all good there, but it’s brutal from what I’ve read. As is stated above, this firm changed its name from AXA Advisors to Equitable Advisors … Cant speak personally, but I had a close colleague take an internship with them. My advisor, S, masqueraded himself as a fiduciary when he really just wanted to make a commission from a life insurance sale. I just didnt do enough research on what a financial advisor is beforehand sorry. AXA Advisors customer reviews, complaints, and ratings. Yet, over 50% of teachers are using them to save for retirement. After that, it's mostly just servicing the client. Plan your career in the wide world of finance. My husband worked for Axa for 77 weeks. 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. They help sell our firms mutual funds and help shareholders set up accounts and do sell, pur, exc funds. 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. However, the actual investment arm is managed by LPL Financial, which is a related (but separate) entity. If you are out of luck on the job hunt so far, … How’s life been after it? Investing. Press J to jump to the feed. 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 … Not required but a plus: MBA, JD, CFP®, CPA or ChFC . Consumer reviews about AXA Advisors: m2j3. Any experience with AXA/Equitable Advisors/Matauro and life insurance tax avoidance strategies? They tend to prey on new advisors to the industry to pump up their recruiting numbers for the agency bonuses. AMENDMENT NO. Is this all correct? Find out why I suggest every teacher dump their AXA 403(b): [VIDEO REMOVED FOLLOWING PRESSURE FROM AXA… Securities offered through Equitable Advisors, LLC (NY, NY (212) 314-4600), member FINRA, SIPC (Equitable Financial Advisors … The Equitable Life Assurance Society is a subsidiary. Scam Warning: Equitable (AXA) Advisors Stole $10,000+ From Me. The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. As I found out through researching AXA 403(b)’s, they are, in my opinion, one of the worst products on the market. Wrong. Coming from a low-income background and making a decent living, I reached out to my network in search of a knowledgable financial advisor. 1,108 reviews from AXA employees about AXA culture, salaries, benefits, work-life balance, management, job security, and more. RUN AWAY AS FAST AS YOU CAN! Take calls from FAs all the time. 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. Yeah i didnt know that haha. 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'. Present in 57 countries, AXA's 160,000 employees and distributors are committed to serving our 108 million clients. Find Financial Advisor … In 2004, it officially changed its name to AXA Equitable … Most financial advisors focus on a particular part of the comprehensive financial planning. 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. 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. By using our Services, you agree to our use of cookies.Learn More. 1,458 Equitable Advisors reviews. I hope everyone who reads this avoids Equitable/AXA like the plague... not sure what to do at this point. A free inside look at company reviews and salaries posted anonymously by employees. AXA is one of the largest companies in the world. Very hard to start from nothing, and bad growth out look. Luckily, my gut feeling told me to keep my 'investments' with AXA relatively small and put the rest of my money elsewhere. He graduated from CSU, enlisted in the army as an airborne … Axa pays a commission of 1.5 percent to 2 percent on every future dollar an employee contributed to a 403(b) annuity. I should've run the other way. Investment firm pros and cons. 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. Find a salaried position with a mentor. You sell annuities and crappy products. And should I even bother doing the interview or would it just be a waste of time? 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. 50 reviews from AXA employees about working as an Intern at 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. 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. Turns out, … New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community. 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. 12 Equitable Advisors reviews in Bala Cynwyd. 2 TO THE INVESTMENT SUB-ADVISORY AGREEMENT (February 7th, 2020). The A.M. Best company is a well-known rating agency, and it gives an A+ rating to AXA Equitable… 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.). Financial Advisor salaries at Equitable can range from $24,000 - $113,517. ... it is likely that most of the advisors will get out of the business--AXA … A friend of mine introduced me to S, a financial 'advisor' at AXA Advisors (now Equitable) in Williamsville. Shouldn't this be illegal in NYS? Long story short, they sat him down in front of a filing cabinet and told him to get to work. Equitable Advisors opened for business in 1999. 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. The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. The annuity sold to the teacher, in a sense, becomes an annuity for … 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 … Runnnnn I'm currently digging myself out of this mess. Eq Advisors Trust – EQ ADVISORS TRUST AMENDMENT NO. Our areas of expertise are applied to a range of products and services that are adapted … Guys who have quit. 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. Whether it's risk management or asset accumulation. Thought financial advisor … AXA Advisors financial Consultant role a good financial company have to second... 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