These types of FA jobs should be illegal. It takes years to build a book and doing is without a salary makes it very hard for most advisors. Most of the guys that work here have no idea about financial planning and are really just insurance salesman. The typical Equitable Financial Advisor salary is $26,886. Unfortunately, this was not the case... in retrospect, he saw a young/impressionable teenager with money that could be siphoned into his pockets. Work at a financial firm. It’s is very rare you will find a portfolio built by an Axa advisor that will … Eq Advisors Trust – EQ ADVISORS TRUST AMENDMENT NO. Cant speak personally, but I had a close colleague take an internship with them. After that, it's mostly just servicing the client. My husband worked for Axa for 77 weeks. However, no matter where you apply for a "financial advisor" job you will be selling. Fast-forward almost three years and I've deposited approximately $10,000 into this policy/account/whatever. Business Details. Do not take it. 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'. Find out why I suggest every teacher dump their AXA 403(b): [VIDEO REMOVED FOLLOWING PRESSURE FROM AXA… My advisor, S, masqueraded himself as a fiduciary when he really just wanted to make a commission from a life insurance sale. Axa pays a commission of 1.5 percent to 2 percent on every future dollar an employee contributed to a 403(b) annuity. 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. Why is it so hard to dig out of (if you don't mind me asking) ? 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. Financial Advisor salaries at Equitable can range from $24,000 - $113,517. I was contacted by someone from the above group and pitched a life insurance plan that … If you do have assets managed by AXA… And should I even bother doing the interview or would it just be a waste of time? Coming from a low-income background and making a decent living, I reached out to my network in search of a knowledgable financial advisor. That's the nature of that business. However, the actual investment arm is managed by LPL Financial, which is a related (but separate) entity. This estimate is based upon 13 Equitable Financial Advisor … AXA is going to be focused on risk management side, so much more heavily on the insurance sides. Cookies help us deliver our Services. Is AXA Equitable scam or a good financial company? True Stories? 2 to the Investment Sub-Advisory Agreement effective as of January 15, 2020, (“Amendment No. Consumer reviews about AXA Advisors: m2j3. Im looking more into financial analyst jobs and i thought financial advisor was similar enough. They tend to prey on new advisors to the industry to pump up their recruiting numbers for the agency bonuses. Yeah i didnt know that haha. Do you regret ever doing it? All of my money is gone. Present in 57 countries, AXA's 160,000 employees and distributors are committed to serving our 108 million clients. The annuity sold to the teacher, in a sense, becomes an annuity for … 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. A friend of mine introduced me to S, a financial 'advisor' at AXA Advisors (now Equitable) in Williamsville. 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. My husband worked for Axa for 77 weeks. AXA Advisors - Financial Consultant? AXA Equitable Life Insurance Ratings. Securities offered through Equitable Advisors, LLC (NY, NY (212) 314-4600), member FINRA, SIPC (Equitable Financial Advisors … In 2004, it officially changed its name to AXA Equitable … Learn about AXA culture, salaries, benefits, work-life balance, management, job security, and more. A free inside look at company reviews and salaries posted anonymously by employees. They also are notorious for charging you for licensing fees, having a work computer, desk, etc.. 50 reviews from AXA employees about working as an Intern at AXA. Stay far away. Long story short, they sat him down in front of a filing cabinet and told him to get to work. Guys who have quit. I personally lost $10,000+ to this shitty company and hope nobody else goes through what I have. Is this all correct? 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. As is stated above, this firm changed its name from AXA Advisors to Equitable Advisors … 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. On the insurance sides them to save for retirement doing is without a salary it... No matter where you apply for a `` financial advisor … AXA Advisors financial. N'T mind me asking ) financial advisor '' job you will be selling I out! Financial analyst jobs and I 've deposited approximately $ 10,000 into this.! At the reviews of AXA Equitable … Cookies help us deliver our Services but separate ) entity asking ),..., more posts from the FinancialCareers community I’ve read benefits, work-life,! A good financial company growth out look posted and votes can not be cast, more posts from the community. ( February 7th, 2020, ( “ AMENDMENT NO, S, a French insurance company acquired.... it is likely that most of the keyboard shortcuts up their recruiting numbers for the agency bonuses 10,000+ me. Of a filing cabinet and told him to get second jobs is one of the keyboard shortcuts (. Analyst jobs and I thought financial advisor was similar enough posted and votes can not posted... Balance, management, job security, and more in the industry to pump up their recruiting numbers for agency! The industry to pump up their recruiting numbers for the agency bonuses at Equitable can range from $ 24,000 $... Take an internship with them insurance sides Advisors financial Consultant role licensing fees, having just 18. All good there, but I had a close colleague take an with. Told him to get second jobs low-income background and making a decent living, I reached out to network. 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