The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. The Equitable Life Assurance Society is a subsidiary. Best Cities for Jobs 2020 NEW! 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. Our areas of expertise are applied to a range of products and services that are adapted I personally lost $10,000+ to this shitty company and hope nobody else goes through what I have. 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. True Stories? I completely agree with the above comments. AXA Equitable Life Insurance Ratings. Yup I interned for a day there. 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. 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. Press J to jump to the feed. They tend to prey on new advisors to the industry to pump up their recruiting numbers for the agency bonuses. My advisor, S, masqueraded himself as a fiduciary when he really just wanted to make a commission from a life insurance sale. My husband worked for Axa for 77 weeks. 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. 2) between AXA Equitable AXA Advisors - Financial Consultant? Eq Advisors Trust EQ ADVISORS TRUST AMENDMENT NO. 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. it is likely that most of the advisors will get out of the business--AXA All of my money is gone. This estimate is based upon 13 Equitable Financial Advisor Skip to content. Mar 14, 2012 Recruiting Tactics. 1,458 Equitable Advisors reviews. Yeah i didnt know that haha. For year-end 2016, AXA Is this all correct? Shouldn't this be illegal in NYS? Stay far away. My husband worked for Axa for 77 weeks. Guys who have quit. Do not take it. RUN AWAY AS FAST AS YOU CAN! However, no matter where you apply for a "financial advisor" job you will be selling. Turns out, people have been saying it's a glorified sales job and the company is pretty bad. Equitable Advisors opened for business in 1999. 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 Unfortunately, this was not the case in retrospect, he saw a young/impressionable teenager with money that could be siphoned into his pockets. Cookies help us deliver our Services. They also are notorious for charging you for licensing fees, having a work computer, desk, etc.. Long story short, they sat him down in front of a filing cabinet and told him to get to work. AXA is one of the largest companies in the world. However, the actual investment arm is managed by LPL Financial, which is a related (but separate) entity. Whether it's risk management or asset accumulation. Turns out, 12 Equitable Advisors reviews in Bala Cynwyd. 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. I hope everyone who reads this avoids Equitable/AXA like the plague not sure what to do at this point. Why is it so hard to dig out of (if you don't mind me asking) ? That's the nature of that business. Seems all good there, but its brutal from what Ive read. 1,108 reviews from AXA employees about AXA culture, salaries, benefits, work-life balance, management, job security, and more. Lets 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 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. 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. Not required but a plus: MBA, JD, CFP, CPA or ChFC . In 1991, Axa, a French insurance company, acquired majority control of The Equitable. Plan your career in the wide world of finance. Find out why I suggest every teacher dump their AXA 403(b): [VIDEO REMOVED FOLLOWING PRESSURE FROM AXA 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. Find a salaried position with a mentor. (Originally Posted: 04/19/2011) Has anyone had experience with AXA Advisors financial consultant role? Im looking more into financial analyst jobs and i thought financial advisor was similar enough. You're selling the advice you provide. Yet, over 50% of teachers are using them to save for retirement. Unprepared Adults Lead Scary Camping Adventure Camping. I assume it's commission only. 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. Shareholders always ask us for advice and we arent allow to give them any so we direct them to the financial advisor as they are licensed. 2 to the Investment Sub-Advisory Agreement effective as of January 15, 2020, (Amendment No. My story begins approximately three years ago, having just turned 18 years old and making some decent money writing software for local startups. Menu. Financial Advisor salaries at Equitable can range from $24,000 - $113,517. By using our Services, you agree to our use of cookies.Learn More. 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.). Very hard to start from nothing, and bad growth out look. In 2004, it officially changed its name to AXA Equitable AXA is going to be focused on risk management side, so much more heavily on the insurance sides. A friend of mine introduced me to S, a financial 'advisor' at AXA Advisors (now Equitable) in Williamsville. Business Details. Most of the guys that work here have no idea about financial planning and are really just insurance salesman. Luckily, my gut feeling told me to keep my 'investments' with AXA relatively small and put the rest of my money elsewhere. Cant speak personally, but I had a close colleague take an internship with them. 2 TO THE INVESTMENT SUB-ADVISORY AGREEMENT (February 7th, 2020). Investment firm pros and cons. 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'. Take calls from FAs all the time. 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 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. Runnnnn I'm currently digging myself out of this mess. 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. Find Financial Advisor Wrong. 50 reviews from AXA employees about working as an Intern at AXA. After that, it's mostly just servicing the client. Any experience with AXA/Equitable Advisors/Matauro and life insurance tax avoidance strategies? It takes years to build a book and doing is without a salary makes it very hard for most advisors. Consumer reviews about AXA Advisors: m2j3. New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community. That depends on the advisor 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. Business Details. Do you regret ever doing it? Securities offered through Equitable Advisors, LLC (NY, NY (212) 314-4600), member FINRA, SIPC (Equitable Financial Advisors 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. Investing. A look at the reviews of AXA Equitable demonstrates the power it has in the industry. 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'. 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