An insurance MLM frat house - Financial Consultant bei Equitable Advisors: Mitarbeiterbewertung

1,0
23. Feb. 2020
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CEO-Befürwortung
Geschäftsprognose

Pros

The place is run like a frat house, it’s is not conducive to a professional environment but a “fun” one. Happy hours with your fellow disgruntled coworkers are the highlight.

Kontras

Despite what you may hear during an interview, this is not a wealth management company but an insurance company. This is reflected by their constant trainings on insurance and annuity products. Managers get paid more when their associates sell insurance related products, specifically AXA’s, so they heavily push these products. They will have freshly graduated college students go door to door at public schools selling expensive, ineffective annuities to unsuspecting teachers. The only thing management cares about is bloating their numbers by hiring literally whoever will accept the position. They will preach unlimited income potential and tote the (maybe) one new advisor that does well, but in reality if you make ~$40k+ in your first couple years, you get praised for being a high performer and fast tracked to becoming a “Regional Vice President”, a completely hollow title. This is essentially a MLM scheme, and there is so much turnover here once employees realize what the position actually entails. Be very careful of who your manager is, most of them do not care about bettering their associate’s careers, only about maximizing their corporate numbers. They will be manipulative and try to lock your “natural market” to insurance related products with the intent of taking your clients when you inevitably leave. Please be careful of what you are getting into prior to accepting this position.

Mehr Bewertungen zu Equitable Advisors entdecken

5,0
2. Juli 2026
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CEO-Befürwortung
Geschäftsprognose

Pros

Very fun work place and great work environment. Awesome incentive trips, great culture. Good management. Very motivational culture. Very lenient schedule depending on manager.

Kontras

Bad pay within first couple of years. Back paying salary through "recovered commissions". Not much support in terms of finding clients.

1,0
26. Juni 2026
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CEO-Befürwortung
Geschäftsprognose

Pros

Complete freedom to build your book of business anmd schedule.

Kontras

Horrendous place to start. Managers run their own practice and have little to no time to actually help you outside of your joint meetings so you're on your own. They only give you 2 options to get clients, cold calling or their retirement benefits group through schools. Basically the whole advising piece is to just to sell life insurance and annuities. The support staff is thin so you're kind of on your own with paperwork and compliance docs. They just genuinely offer you nothing. No help with covering costs (you pay for all your licensing and marketing materials), they even charge you for using the company laptop and fees for programs you will never use. They will mislead you about the commission payouts and you only really get something if you get them to buy an annuity or life insurance. If you also have a remaining balance of any fees when you leave, they will literally sending you threatening letters demanding the money and threaten you with claims court if you don't pay it back.

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