Cookies help us deliver our Services. The annuity sold to the teacher, in a sense, becomes an annuity for … 2 TO THE INVESTMENT SUB-ADVISORY AGREEMENT (February 7th, 2020). Find out why I suggest every teacher dump their AXA 403(b): [VIDEO REMOVED FOLLOWING PRESSURE FROM AXA… The Equitable Life Assurance Society is a subsidiary. AXA Equitable Life Insurance Ratings. Fast-forward almost three years and I've deposited approximately $10,000 into this policy/account/whatever. 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? Stay far away. Investing. True Stories? 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 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. My story begins approximately three years ago, having just turned 18 years old and making some decent money writing software for local startups. A free inside look at company reviews and salaries posted anonymously by employees. Financial Advisor salaries at Equitable can range from $24,000 - $113,517. Business Details. Do not take it. Present in 57 countries, AXA's 160,000 employees and distributors are committed to serving our 108 million clients. 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 … Find Financial Advisor … I just didnt do enough research on what a financial advisor is beforehand sorry. 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'. 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. I did the MassMutual route in front and back office and most young advisors fail or have to get second jobs. 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. AXA itself does sell life insurance and other commission-based products. My advisor, S, masqueraded himself as a fiduciary when he really just wanted to make a commission from a life insurance sale. The typical Equitable Financial Advisor salary is $26,886. New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community. 2 to the Investment Sub-Advisory Agreement effective as of January 15, 2020, (“Amendment No. Mar 14, 2012 Recruiting Tactics. Axa pays a commission of 1.5 percent to 2 percent on every future dollar an employee contributed to a 403(b) annuity. And should I even bother doing the interview or would it just be a waste of time? AXA Advisors customer reviews, complaints, and ratings. You sell annuities and crappy products. 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. Yup I interned for a day there. It takes years to build a book and doing is without a salary makes it very hard for most advisors. However, the job description does not say anything sales-related. Most of the guys that work here have no idea about financial planning and are really just insurance salesman. Unprepared Adults Lead Scary Camping Adventure Work at a financial firm. The A.M. Best company is a well-known rating agency, and it gives an A+ rating to AXA Equitable… I should've run the other way. As is stated above, this firm changed its name from AXA Advisors to Equitable Advisors … 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. After that, it's mostly just servicing the client. I completely agree with the above comments. Luckily, my gut feeling told me to keep my 'investments' with AXA relatively small and put the rest of my money elsewhere. Skip to content. However, no matter where you apply for a "financial advisor" job you will be selling. Scam Warning: Equitable (AXA) Advisors Stole $10,000+ From Me. 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. How’s life been after it? If you do have assets managed by AXA… 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. Seems all good there, but it’s brutal from what I’ve read. Long story short, they sat him down in front of a filing cabinet and told him to get to work. Turns out, … 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. I hope everyone who reads this avoids Equitable/AXA like the plague... not sure what to do at this point. 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 … They also are notorious for charging you for licensing fees, having a work computer, desk, etc.. 2”) between AXA Equitable … This estimate is based upon 13 Equitable Financial Advisor … AXA Advisors - Financial Consultant? That depends on the advisor… My husband worked for Axa for 77 weeks. ... it is likely that most of the advisors will get out of the business--AXA … A free inside look at company reviews and salaries posted anonymously by employees. Do you regret ever doing it? 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'. Our areas of expertise are applied to a range of products and services that are adapted … 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. Menu. Most financial advisors focus on a particular part of the comprehensive financial planning. 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. Guys who have quit. Cant speak personally, but I had a close colleague take an internship with them. Coming from a low-income background and making a decent living, I reached out to my network in search of a knowledgable financial advisor. He graduated from CSU, enlisted in the army as an airborne … Find a salaried position with a mentor. 12 Equitable Advisors reviews in Bala Cynwyd. Very hard to start from nothing, and bad growth out look. Wrong. Equitable Advisors opened for business in 1999. For year-end 2016, AXA … Whether it's risk management or asset accumulation. Securities offered through Equitable Advisors, LLC (NY, NY (212) 314-4600), member FINRA, SIPC (Equitable Financial Advisors … Why is it so hard to dig out of (if you don't mind me asking) ? AXA is going to be focused on risk management side, so much more heavily on the insurance sides. Not required but a plus: MBA, JD, CFP®, CPA or ChFC . The Equitable Life Assurance Society is a subsidiary. Camping. Plan your career in the wide world of finance. You provide advice, the client decides whether or not to act on that advice. I can speak from experience. The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. As I found out through researching AXA 403(b)’s, they are, in my opinion, one of the worst products on the market. Runnnnn I'm currently digging myself out of this mess. 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. 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. In 1991, Axa, a French insurance company, acquired majority control of The Equitable. Press question mark to learn the rest of the keyboard shortcuts. All of my money is gone. You will be required to attain under the sponsorship of Equitable Advisors: state life and health licenses, FINRA Series 7 and 63 registrations. It’s is very rare you will find a portfolio built by an Axa advisor that will … In 2004, it officially changed its name to AXA Equitable … My husband worked for Axa for 77 weeks. Learn about AXA culture, salaries, benefits, work-life balance, management, job security, and more. 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. By using our Services, you agree to our use of cookies.Learn More. AMENDMENT NO. 1,458 Equitable Advisors reviews. Im looking more into financial analyst jobs and i thought financial advisor was similar enough. Turns out, people have been saying it's a glorified sales job and the company is pretty bad. Investment firm pros and cons. 1,108 reviews from AXA employees about AXA culture, salaries, benefits, work-life balance, management, job security, and more. However, the actual investment arm is managed by LPL Financial, which is a related (but separate) entity. Press J to jump to the feed. AXA is one of the largest companies in the world. I was contacted by someone from the above group and pitched a life insurance plan that … The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. That's the nature of that business. Yet, over 50% of teachers are using them to save for retirement. Any experience with AXA/Equitable Advisors/Matauro and life insurance tax avoidance strategies? 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. RUN AWAY AS FAST AS YOU CAN! Unfortunately, this was not the case... in retrospect, he saw a young/impressionable teenager with money that could be siphoned into his pockets. 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. Demonstrates the power it Has in the world mind me asking ) makes it very to! 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