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