AXA Advisors News and Happenings.

What do you think -- is this company going to survive and thrive? Are they looking to expand their staff, or do you think layoffs are inevitable?

How does AXA Advisors stack up against the competition?

They do not pay their advisors well. Nor do they treat them well. Basically they are allowing you to sell insurance under their name and they will sue you faster than you know. The turnover ratio is about 99.7%. Most people's tenure will last about 3 months. During that point you will have invested about $10,000.00 for licensing, testing, travel, and equipment and you will have made about $3000.00. After which, if you do not meet your insurance sales quota (note the parent company is about the largest insurance company) no matter how much you make from any other financial product they will let you go. They will also sue you through the office of Hayt, Hayt, and Landau to collect on anything they paid you. This will leave you with bad credit history, bad employment history, and a bad taste in your mouth.

Some people prosper at being a financial planner. I do not see that as possible with this firm.

Financial Consultant in Berlin, Germany said: They do not pay their advisors well. Nor do they treat them well. Basically they are allowing you to sell insurance under their name and they will sue you faster than you know. The turnover ratio is about 99.7%. Most people's tenure will last about 3 months. During that point you will have invested about $10,000.00 for licensing, testing, travel, and equipment and you will have made about $3000.00. After which, if you do not meet your insurance sales quota (note the parent company is about the largest insurance company) no matter how much you make from any other financial product they will let you go. They will also sue you through the office of Hayt, Hayt, and Landau to collect on anything they paid you. This will leave you with bad credit history, bad employment history, and a bad taste in your mouth.

Some people prosper at being a financial planner. I do not see that as possible with this firm.

Great response, i will be starting with them in NYC (Manhattan) after I pass my exam, but I now am hoping that they are only like that in Germany....

I will sure watch my back and keep my options open, As i have a connect at primerica.

Hey Rob, did you get in? How is it going?

I was looking at them as well, any reports Rob?

Financial Consultant in Berlin, Germany said: They do not pay their advisors well. Nor do they treat them well. Basically they are allowing you to sell insurance under their name and they will sue you faster than you know. The turnover ratio is about 99.7%. Most people's tenure will last about 3 months. During that point you will have invested about $10,000.00 for licensing, testing, travel, and equipment and you will have made about $3000.00. After which, if you do not meet your insurance sales quota (note the parent company is about the largest insurance company) no matter how much you make from any other financial product they will let you go. They will also sue you through the office of Hayt, Hayt, and Landau to collect on anything they paid you. This will leave you with bad credit history, bad employment history, and a bad taste in your mouth.

Some people prosper at being a financial planner. I do not see that as possible with this firm.

I am skeptical of your comments due to the fact that you claim you will lose $10,000 in licensing fees and the most I've been presented as licensing cost is around $975 worth of licensing & book fees, which they claim they will reimburse once officially hired on. They have a quota? Correct me if I am wrong but how is that so if it is mostly a commissioned position? Also, when you speak of being sued, what do you mean? Do you mean that if you grow a book of business they will sue you to keep all of your clients? Please expand on your explanation of why. Are your comments based on facts or speculation?

Rob in East Orange, New Jersey said: Great response, i will be starting with them in NYC (Manhattan) after I pass my exam, but I now am hoping that they are only like that in Germany....

I will sure watch my back and keep my options open, As i have a connect at primerica.

Not to sound rude but Primerica is not exactly a respectable company. Primerica will take on anyone who is willing to pay the start up cost and monthly fee. Their business model is based off of network marketing, otherwise known as MLM. Stick with AXA, you will have much more options to grow over Primerica.

C-Money in Kyle, Texas said: Not to sound rude but Primerica is not exactly a respectable company. Primerica will take on anyone who is willing to pay the start up cost and monthly fee. Their business model is based off of network marketing, otherwise known as MLM. Stick with AXA, you will have much more options to grow over Primerica.

[Up]

Oh for sure. Thank you, but either way I saw myself succeeding.

A4Fd in Fort Lee, New Jersey said: [Up]

Oh for sure. Thank you, but either way I saw myself succeeding.

Great attitude!

JC in Miami, Florida said: Hey Rob, did you get in? How is it going?

Yes I did, I passed my LAH exam and am In the middle of studying for the series 7 exam - The big one - Thanks

If you havent, be ready to dedicate one whole week to nothing but studying eating and sleeping to ensure a passing grade.

C-Money in Kyle, Texas said: Great attitude!

Thanks bud So tell us about yourself

Sounds great, keep us informed of your progress. I am definitely interested in knowing more about life at AXA!

Hey Everyone! I just passed the series 7 exam and it looks like I'm finally on my way getting picked up by AXA. It has been really long and frustrating. I started my interview process in April with my first interview. The other postings were correct... they put me through three other interviews after which, I was so excited that I had to accept. Each interview was two weeks apart. I paid the $975, passed the life/health/disabillity insurance/series7/series66 and seven months later, I'm still waiting for my first day of work. It seems they are dragging their feet. I've never heard of anyone being sued due to poor performance. I believe in my office, they just send you back to training and reassign you a mentor. On the other hand, I went to the Christmas Party and the entire office seems to be very tight and wonderful people. I can't wait to be, as they call it be "on contract."

Working at AXA is a horrible experience. I just left the company a few months ago and it was the best career decision I've ever made. I just left a huge rant on another thread about my experience there. They treat their employees like total crap and you are essentially on your own with basically all expenses of doing business. They will try to screw you if the opportunity presents itself. Unless you like high pressure sales techniques going door-to-door, you will hate this job.

C-Money in Kyle, Texas said: I am skeptical of your comments due to the fact that you claim you will lose $10,000 in licensing fees and the most I've been presented as licensing cost is around $975 worth of licensing & book fees, which they claim they will reimburse once officially hired on. They have a quota? Correct me if I am wrong but how is that so if it is mostly a commissioned position? Also, when you speak of being sued, what do you mean? Do you mean that if you grow a book of business they will sue you to keep all of your clients? Please expand on your explanation of why. Are your comments based on facts or speculation?

All sales jobs have a quota...if you don't make your quota even in a commission job, your fired plain and simple. This is industry standard.

Financial Consultant in Berlin, Germany said: They do not pay their advisors well. Nor do they treat them well. Basically they are allowing you to sell insurance under their name and they will sue you faster than you know. The turnover ratio is about 99.7%. Most people's tenure will last about 3 months. During that point you will have invested about $10,000.00 for licensing, testing, travel, and equipment and you will have made about $3000.00. After which, if you do not meet your insurance sales quota (note the parent company is about the largest insurance company) no matter how much you make from any other financial product they will let you go. They will also sue you through the office of Hayt, Hayt, and Landau to collect on anything they paid you. This will leave you with bad credit history, bad employment history, and a bad taste in your mouth.

Some people prosper at being a financial planner. I do not see that as possible with this firm.

not sure about prospering with axa as an employee in the u.s. but my financial planner has been with me the last 3 years and so far my variable life insurance, roth ira, and 401k are ahead in regards to projected earnings. hopefully, things are better here. i'd hate to lose my planner or have to reorganize everything.

Don Charbaneau in Bellevue, Washington said: Hey Everyone! I just passed the series 7 exam and it looks like I'm finally on my way getting picked up by AXA. It has been really long and frustrating. I started my interview process in April with my first interview. The other postings were correct... they put me through three other interviews after which, I was so excited that I had to accept. Each interview was two weeks apart. I paid the $975, passed the life/health/disabillity insurance/series7/series66 and seven months later, I'm still waiting for my first day of work. It seems they are dragging their feet. I've never heard of anyone being sued due to poor performance. I believe in my office, they just send you back to training and reassign you a mentor. On the other hand, I went to the Christmas Party and the entire office seems to be very tight and wonderful people. I can't wait to be, as they call it be "on contract."

I grew up in Bellevue.. I am curious - are you still waiting to be hired? Is it that you are just still in pre-contract or have you not even been out in the field yet? I ask because I am curious to hear how full the Bellevue office is. Are you in the RBG or the traditional side of the business?

Don’t do business with or work for these criminals. Here's what I witnessed at AXA?

• Numerous client complaints from unsuitable investment recommendations and poor customer service.

• Reports of dishonest activities and taking advantage of customers, driven by greed with a total disregard of industry regulations.

• Illegal kickbacks and ponzi schemes have been reported with charges and litigation pending against this company.

• There are reports of the sales force not meeting regulatory requirements to conduct business as registered investment advisors.

• Testimonials from employees and customers reveal disturbing facts about compliance violations, unethical behavior and criminal activities.

If you want to be a financial advisor, research the company first. My family told me not to work at AXA and I didn't research the company. They were right and I was wrong. They tell you what you want to hear. They tell you, you can sell whatever company insurance you want(Metlife, AIG...) They lie!!! You only sell AXA insurance and products. They have a horrible training program, there is none!! Your first 2 weeks there you just walk around doing nothing, your manager is too busy with the other new advisors and his own meetings, he has no time for you. Then he tells you to build lists of people to call, which I had to find out from other new advisors, because my manager didn't help me with that. Then you sit at a crappy desk and are expected to cold call all day and set up meetings for your manager, which by the way he yells at you if you don't get enough meetings. Also because my manager is also trying to get clients, I missed 2 meetings I set up because my manager was in a meeting with his own prospective client. I cold called for a few hours to get those 2 meetings and they were gone just like that bc my manager had his own agenda!!