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