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