AXA Employee Reviews for Financial Professional
Financial Professional68 reviews
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They get in the door with lowered up front costs but year 3 they hike them up and it’s better to work in banking with an investment license. It’s even harder working in schools with the pandemic.
From the very beginning, the job was very misleading. Your hiring manager boasted that you would start making six figures by Year 3. However, they do not tell you that you start from scratch. No call lists, limited training, and coworkers struggling to pay their bills. You are basically a contract worker who will have to start paying for their own desk, which further drains your paycheck. I am grateful for this job because it taught me to never work for an MLM.
Compensation is below average, “paid training” is only $350 and you’ll have to pay for your own licenses and only get reimbursed if they decide to contract you. Training time varies as it’s at your pace (mostly) but realistically 2-3 months... not great. Management isn’t good and training is minimal after licensing and being out in the field for a month.
Make your own schedule
Management, compensation and support
*The organization as a whole is slow to invest the necessary resources needed to be competitive. *On a more disturbing note, under the current local leadership the office has made a spiraling decent. By coming to work here you will be pushed into handing 25% of cases that you sourced over to his daughter under the pretense that she "does the paperwork." If you refuse to accept these terms, he will remove any and all support from you. As a branch manager he will even "highly recommend" that you give him a portion of your cases. The Branch Manager is also a liar who will maneuver under the guise that you will never find out about his dubious deeds. When you bring your awareness to his attention he will resort back to lying. * Current management and management prospects are under qualified and only hold their rank for their ability to feed the branch managers narcissistic ego. Questions to ask your potential manager would be how long have they been in the business and how were the able to build their clients.
Good entry point into the industry. Have pulse, will hire.
Lack of selfless leadership
AXA places a tremendous amount of effort into new associates and their practices, as well as in creating top-tier compliance and tech platforms. They go above and beyond to protect their clients *and* FPs in an environment that is increasingly fraught with data breaches, litigation, and confusing regulation.
Flexible scheduling, generous company benefits
Time intensive to start, commissioned employment
Typical day would be to start off with a meeting in the morning that is run by the manager of your team. Then you would go about your day having your meetings or doing paperwork/training. The hardest part of the job would be the prospecting, which was a daily activity that was essential to having success in this field. However the culture in the office is unmatched, everyone is friendly and willing to help.
I sold insuranse when i worked at AXA. I was NOT and investment advirs, financial advisor, financial professional, etc. The sales side is lile a meat grinder or a puppy mill- they keep recruiting new advisers, and when they leave, the manager retains the clients as his own (and rakes in the trailing commissions). Reminiscent of a pyramid scheme! I learned a lot, but there was a lot i didnt know until i left and worked somewhere else. Focus is all on sales, if you ask for help or direct guidance expectthe manager to take a larfger chuck of your commussions. Do not take commissions annualized or upfront- if you leave, you will owe, and they will send a collections agency and possibly a lawyer after you. ,
If you have connections to wealthy individuals, you will excel in this job. If not, it will be much more challenging. Long hours are required to make any money especially when first starting.
The training process throughout the first 3 years is very extensive and allows you to become an expert very quickly. The team in the office feels more like a family than like coworkers No income limit - You can make as much as you earn You create your own calendar so the work/life balance is very achievable Management is very helpful and very involved in the process
Flexible Calendar / No cap on pay / Great management
First few years require a lot of hard work and determination
Managers don't give a fook about you. Only looking for increasing their own numbers. Little training, even smaller margins for getting payed. Expect you to do everything on your own with little involvement. Look elsewhere unless you have some strange reason not to.
Great training programs, excellent team work, best practices for serving customers is excellent, products offered to customers is of excellent quality. The expenses that must be paid by employees in order to conduct business are very expensive.
Very knowledgable fellow employees.
Expenses required to be paid by employees are very expensive.
Being a financial adviser is not an easy job. If you are looking for top 1%, then you are coming to a right place. I'm not saying it will be easy. but they do have solution and help you on your way up. More than 50% failure rate for the 1st year is normal in this job. But if you are welling to sacrifice first 3 years to exchange your time freedom. I think is worth it.
freedom on work schedule
1st 3-5 years need to work extra hard.