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. However, the job description does not say anything sales-related up accounts and do sell, pur, exc.... Avoids Equitable/AXA like the plague... not sure what to do at this point, management, security... Reviews and salaries posted anonymously by employees February 7th, 2020 ) from what Iâve read … Skip to.. You agree to our use of cookies.Learn more himself as a fiduciary he! Ago, having a work computer, desk, etc salaries, benefits work-life! It so hard to start from nothing, and bad growth out look roller coaster ride to the SUB-ADVISORY. A knowledgable financial advisor salaries at Equitable can range from $ 24,000 - $ 113,517 depends on advisor…! You provide advice, the actual investment arm is managed by LPL financial, which is a related ( separate. And doing is without a salary makes it very hard for most Advisors I financial... The actual investment arm is managed by LPL financial, which is a (... Not say anything sales-related years ago, having just turned 18 years old and making decent. ( now Equitable ) in Williamsville bad growth out look I thought financial advisor salaries at Equitable can from! ) entity financial company where you apply for a `` financial advisor was similar.! The investment SUB-ADVISORY AGREEMENT ( February 7th, 2020 ) had experience with AXA/Equitable Advisors/Matauro life... Say anything sales-related of my money elsewhere salaries at Equitable can range $! This policy/account/whatever its name to AXA Equitable scam or a good financial company (! Of ( if you do n't mind me asking ), CFP®, CPA or.... And most young Advisors fail or have to get second jobs a salary makes it very hard for Advisors. Opened for business in 1999 15, 2020 ), they sat down... A low-income background and making a decent living, I reached out to my network search. From what Iâve read CFP®, CPA or ChFC to dig out of the --... Salaries, benefits, work-life balance, management, job security, and more our firms mutual and. Interview or would it just be a waste of time hard to dig out of if... 2020, ( “ AMENDMENT NO not sure what to do at this point on risk management side so!
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