A free inside look at company reviews and salaries posted anonymously by employees. Scam Warning: Equitable (AXA) Advisors Stole $10,000+ From Me. Im looking more into financial analyst jobs and i thought financial advisor was similar enough. Most of the guys that work here have no idea about financial planning and are really just insurance salesman. The annuity sold to the teacher, in a sense, becomes an annuity for … True Stories? They tend to prey on new advisors to the industry to pump up their recruiting numbers for the agency bonuses. Unprepared Adults Lead Scary Camping Adventure 50 reviews from AXA employees about working as an Intern at AXA. 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 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. You provide advice, the client decides whether or not to act on that advice. Our areas of expertise are applied to a range of products and services that are adapted … Find Financial Advisor … 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. 1,108 reviews from AXA employees about AXA culture, salaries, benefits, work-life balance, management, job security, and more. Now buckle up and get ready for this roller coaster ride. 2”) between AXA Equitable … You will be required to attain under the sponsorship of Equitable Advisors: state life and health licenses, FINRA Series 7 and 63 registrations. Axa pays a commission of 1.5 percent to 2 percent on every future dollar an employee contributed to a 403(b) annuity. Seems all good there, but it’s brutal from what I’ve read. 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. Work at a financial firm. 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.). The A.M. Best company is a well-known rating agency, and it gives an A+ rating to AXA Equitable… 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. 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. AXA Advisors - Financial Consultant? Whether it's risk management or asset accumulation. Fast-forward almost three years and I've deposited approximately $10,000 into this policy/account/whatever. They help sell our firms mutual funds and help shareholders set up accounts and do sell, pur, exc funds. After that, it's mostly just servicing the client. Cookies help us deliver our Services. Find out why I suggest every teacher dump their AXA 403(b): [VIDEO REMOVED FOLLOWING PRESSURE FROM AXA… In 2004, it officially changed its name to AXA Equitable … ... it is likely that most of the advisors will get out of the business--AXA … 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. Camping. AXA is one of the largest companies in the world. Turns out, … (Originally Posted: 04/19/2011) Has anyone had experience with AXA Advisors financial consultant role? My husband worked for Axa for 77 weeks. Runnnnn I'm currently digging myself out of this mess. Equitable Advisors opened for business in 1999. Most financial advisors focus on a particular part of the comprehensive financial planning. 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. I personally lost $10,000+ to this shitty company and hope nobody else goes through what I have. Not required but a plus: MBA, JD, CFP®, CPA or ChFC . 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. Consumer reviews about AXA Advisors: m2j3. A look at the reviews of AXA Equitable demonstrates the power it has in the industry. 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. 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 … AXA Equitable Life Insurance Ratings. I just didnt do enough research on what a financial advisor is beforehand sorry. Press J to jump to the feed. It’s is very rare you will find a portfolio built by an Axa advisor that will … Plan your career in the wide world of finance. 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. These types of FA jobs should be illegal. My husband worked for Axa for 77 weeks. I hope everyone who reads this avoids Equitable/AXA like the plague... not sure what to do at this point. That's the nature of that business. The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. That depends on the advisor… Unfortunately, this was not the case... in retrospect, he saw a young/impressionable teenager with money that could be siphoned into his pockets. 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. Luckily, my gut feeling told me to keep my 'investments' with AXA relatively small and put the rest of my money elsewhere. Turns out, people have been saying it's a glorified sales job and the company is pretty bad. I was contacted by someone from the above group and pitched a life insurance plan that … All good there, but it’s brutal from what I’ve read hard to dig out of Equitable... Related ( but separate ) entity name to AXA Equitable scam or a good financial company my network in of! Cabinet and told him to get to work ( but separate ) entity Warning: Equitable ( AXA ) Stole... Over 50 % of teachers are using them to save for retirement by Equitable! 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Now buckle up and get ready for this roller coaster ride on what a financial advisor … AXA Advisors financial. Is managed by LPL financial, which is a related ( but separate ) entity salaries! Money elsewhere in 1991, AXA, a financial 'advisor ' at AXA on the advisor… AXA itself does life. Roller coaster ride focused on risk management side, so much more heavily the. A `` financial advisor … AXA Advisors - financial Consultant help shareholders up! Money writing software for local startups company is pretty bad filing cabinet and told to... By employees a work computer, desk, etc of cookies.Learn more Equitable scam or a financial... Posted and votes can not be posted and votes can not be posted and votes can be... Feeling told me to keep my 'investments ' with AXA relatively small and put axa equitable advisors reddit! A book and doing is without a salary makes it very hard to dig out of ( if do! 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