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For year-end 2016, 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. Why is it so hard to dig out of (if you don't mind me asking) ? The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. Scam Warning: Equitable (AXA) Advisors Stole $10,000+ From Me. My husband worked for Axa for 77 weeks. However, the actual investment arm is managed by LPL Financial, which is a related (but separate) entity. True Stories? The Equitable Life Assurance Society is a subsidiary. The annuity sold to the teacher, in a sense, becomes an annuity for … Most of the guys that work here have no idea about financial planning and are really just insurance salesman. However, no matter where you apply for a "financial advisor" job you will be selling. Turns out, … Howâs life been after it? A free inside look at company reviews and salaries posted anonymously by employees. Work at a financial firm. 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. Plan your career in the wide world of finance. I can speak from experience. After that, it's mostly just servicing the client. Press question mark to learn the rest of the keyboard shortcuts. Yeah i didnt know that haha. Turns out, people have been saying it's a glorified sales job and the company is pretty bad. 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. 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'. 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. 2 TO THE INVESTMENT SUB-ADVISORY AGREEMENT (February 7th, 2020). That depends on the advisor… A friend of mine introduced me to S, a financial 'advisor' at AXA Advisors (now Equitable) in Williamsville. Cant speak personally, but I had a close colleague take an internship with them. Securities offered through Equitable Advisors, LLC (NY, NY (212) 314-4600), member FINRA, SIPC (Equitable Financial Advisors … You're selling the advice you provide. Find a salaried position with a mentor. 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. You will be required to attain under the sponsorship of Equitable Advisors: state life and health licenses, FINRA Series 7 and 63 registrations. Consumer reviews about AXA Advisors: m2j3. Find out why I suggest every teacher dump their AXA 403(b): [VIDEO REMOVED FOLLOWING PRESSURE FROM AXA… It takes years to build a book and doing is without a salary makes it very hard for most advisors. The Equitable Life Assurance Society is a subsidiary. 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.). RUN AWAY AS FAST AS YOU CAN! Axa pays a commission of 1.5 percent to 2 percent on every future dollar an employee contributed to a 403(b) annuity. Our areas of expertise are applied to a range of products and services that are adapted … Press J to jump to the feed. (Originally Posted: 04/19/2011) Has anyone had experience with AXA Advisors financial consultant role? Wrong. As is stated above, this firm changed its name from AXA Advisors to Equitable Advisors … Im looking more into financial analyst jobs and i thought financial advisor was similar enough. Do you regret ever doing it? If you are out of luck on the job hunt so far, … I was contacted by someone from the above group and pitched a life insurance plan that … 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. In 2004, it officially changed its name to AXA Equitable … Fast-forward almost three years and I've deposited approximately $10,000 into this policy/account/whatever. 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 … Learn about AXA culture, salaries, benefits, work-life balance, management, job security, and more. This estimate is based upon 13 Equitable Financial Advisor … 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. My advisor, S, masqueraded himself as a fiduciary when he really just wanted to make a commission from a life insurance sale. Do not take it. By using our Services, you agree to our use of cookies.Learn More. The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. Camping. Equitable Advisors opened for business in 1999. 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. You sell annuities and crappy products. Shareholders always ask us for advice and we arenât allow to give them any so we direct them to the financial advisor as they are licensed. Yup I interned for a day there. Unprepared Adults Lead Scary Camping Adventure 12 Equitable Advisors reviews in Bala Cynwyd. My husband worked for Axa for 77 weeks. Most financial advisors focus on a particular part of the comprehensive financial planning. The A.M. Best company is a well-known rating agency, and it gives an A+ rating to AXA Equitable… 1,108 reviews from AXA employees about AXA culture, salaries, benefits, work-life balance, management, job security, and more. Cookies help us deliver our Services. Yet, over 50% of teachers are using them to save for retirement. Skip to content. I did the MassMutual route in front and back office and most young advisors fail or have to get second jobs. Find Financial Advisor … You provide advice, the client decides whether or not to act on that advice. My story begins approximately three years ago, having just turned 18 years old and making some decent money writing software for local startups. Eq Advisors Trust – EQ ADVISORS TRUST AMENDMENT NO. Business Details. I completely agree with the above comments. Runnnnn I'm currently digging myself out of this mess. Any experience with AXA/Equitable Advisors/Matauro and life insurance tax avoidance strategies? A look at the reviews of AXA Equitable demonstrates the power it has in the industry. New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community. Menu. 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. ... it is likely that most of the advisors will get out of the business--AXA … That's the nature of that business. They tend to prey on new advisors to the industry to pump up their recruiting numbers for the agency bonuses. Is AXA Equitable scam or a good financial company? Take calls from FAs all the time. I personally lost $10,000+ to this shitty company and hope nobody else goes through what I have. AXA Advisors - Financial Consultant? All of my money is gone. Seems all good there, but itâs brutal from what Iâve read. Not required but a plus: MBA, JD, CFP®, CPA or ChFC . The typical Equitable Financial Advisor salary is $26,886. I should've run the other way. A free inside look at company reviews and salaries posted anonymously by employees. However, the job description does not say anything sales-related. 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'. Best Cities for Jobs 2020 NEW! 1,458 Equitable Advisors reviews. I assume it's commission only. Now buckle up and get ready for this roller coaster ride. AXA is one of the largest companies in the world. Business Details. Investment firm pros and cons. Shouldn't this be illegal in NYS? 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 … He graduated from CSU, enlisted in the army as an airborne … 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 … 2”) between AXA Equitable … Financial Advisor salaries at Equitable can range from $24,000 - $113,517. 50 reviews from AXA employees about working as an Intern at AXA. And should I even bother doing the interview or would it just be a waste of time? I just didnt do enough research on what a financial advisor is beforehand sorry. Investing. Luckily, my gut feeling told me to keep my 'investments' with AXA relatively small and put the rest of my money elsewhere. Mar 14, 2012 Recruiting Tactics. It’s is very rare you will find a portfolio built by an Axa advisor that will … I hope everyone who reads this avoids Equitable/AXA like the plague... not sure what to do at this point. They help sell our firms mutual funds and help shareholders set up accounts and do sell, pur, exc funds. As I found out through researching AXA 403(b)’s, they are, in my opinion, one of the worst products on the market. Is this all correct? Guys who have quit. 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. These types of FA jobs should be illegal. 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