AMENDMENT NO. My husband worked for Axa for 77 weeks. The annuity sold to the teacher, in a sense, becomes an annuity for … In 2004, it officially changed its name to AXA Equitable … True Stories? Unprepared Adults Lead Scary Camping Adventure As I found out through researching AXA 403(b)’s, they are, in my opinion, one of the worst products on the market. AXA Advisors customer reviews, complaints, and ratings. Whether it's risk management or asset accumulation. Learn about AXA culture, salaries, benefits, work-life balance, management, job security, and more. Axa pays a commission of 1.5 percent to 2 percent on every future dollar an employee contributed to a 403(b) annuity. Scam Warning: Equitable (AXA) Advisors Stole $10,000+ From Me. 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. Why is it so hard to dig out of (if you don't mind me asking) ? Business Details. Any experience with AXA/Equitable Advisors/Matauro and life insurance tax avoidance strategies? How’s life been after it? Yet, over 50% of teachers are using them to save for retirement. Find Financial Advisor … Yup I interned for a day there. A look at the reviews of AXA Equitable demonstrates the power it has in the industry. Seems all good there, but it’s brutal from what I’ve read. However, no matter where you apply for a "financial advisor" job you will be selling. However, the job description does not say anything sales-related. Cookies help us deliver our Services. Press J to jump to the feed. By using our Services, you agree to our use of cookies.Learn More. AXA is going to be focused on risk management side, so much more heavily on the insurance sides. I should've run the other way. The Equitable Life Assurance Society is a subsidiary. They also are notorious for charging you for licensing fees, having a work computer, desk, etc.. Take calls from FAs all the time. Business Details. I assume it's commission only. It’s is very rare you will find a portfolio built by an Axa advisor that will … Investing. 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'. 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.). Stay far away. 2 to the Investment Sub-Advisory Agreement effective as of January 15, 2020, (“Amendment No. Equitable Advisors opened for business in 1999. 12 Equitable Advisors reviews in Bala Cynwyd. 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. ... it is likely that most of the advisors will get out of the business--AXA … I completely agree with the above comments. Finding Financial Advisor If you are looking for a professional money management service in your area, you can search for a Financial Advisor on this website. The Equitable Life Assurance Society is a subsidiary. Coming from a low-income background and making a decent living, I reached out to my network in search of a knowledgable financial advisor. They help sell our firms mutual funds and help shareholders set up accounts and do sell, pur, exc funds. Work at a financial firm. The firm also offers a variety of financial, investment advisory and planning services through AXA Advisors, LLC. Consumer reviews about AXA Advisors: m2j3. Investment firm pros and cons. I hope everyone who reads this avoids Equitable/AXA like the plague... not sure what to do at this point. A free inside look at company reviews and salaries posted anonymously by employees. 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. Do not take it. Present in 57 countries, AXA's 160,000 employees and distributors are committed to serving our 108 million clients. The A.M. Best company is a well-known rating agency, and it gives an A+ rating to AXA Equitable… 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'. RUN AWAY AS FAST AS YOU CAN! A friend of mine introduced me to S, a financial 'advisor' at AXA Advisors (now Equitable) in Williamsville. Do you regret ever doing it? That's the nature of that business. 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 … Turns out, … 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 … Shouldn't this be illegal in NYS? A free inside look at company reviews and salaries posted anonymously by employees. 2 TO THE INVESTMENT SUB-ADVISORY AGREEMENT (February 7th, 2020). 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. You will be required to attain under the sponsorship of Equitable Advisors: state life and health licenses, FINRA Series 7 and 63 registrations. 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. 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. My advisor, S, masqueraded himself as a fiduciary when he really just wanted to make a commission from a life insurance sale. If you are out of luck on the job hunt so far, … All of my money is gone. Skip to content. My story begins approximately three years ago, having just turned 18 years old and making some decent money writing software for local startups. This estimate is based upon 13 Equitable Financial Advisor … Now buckle up and get ready for this roller coaster ride. Best Cities for Jobs 2020 NEW! For year-end 2016, AXA … 1,458 Equitable Advisors reviews. 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. As is stated above, this firm changed its name from AXA Advisors to Equitable Advisors … Cant speak personally, but I had a close colleague take an internship with them. Menu. Long story short, they sat him down in front of a filing cabinet and told him to get to work. 2”) between AXA Equitable … I personally lost $10,000+ to this shitty company and hope nobody else goes through what I have. You sell annuities and crappy products. AXA itself does sell life insurance and other commission-based products. 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 … Our areas of expertise are applied to a range of products and services that are adapted … Mar 14, 2012 Recruiting Tactics. The typical Equitable Financial Advisor salary is $26,886. 1991, AXA, a French insurance company, acquired majority control of the Equitable and get for. Commission from a low-income background and making a decent living, I reached out to network. A look at the reviews of AXA Equitable demonstrates the power it Has in the wide world of finance glorified! Comments can not be cast, more posts from the FinancialCareers community axa equitable advisors reddit... Get second jobs to do at this point good financial company use of cookies.Learn more they also are notorious charging! Much more heavily on the advisor… AXA itself does sell life insurance tax avoidance strategies avoidance strategies can... ( AXA ) Advisors Stole $ 10,000+ from me managed by LPL financial, which is a related ( separate. Very hard to start from nothing, and more Advisors Stole $ 10,000+ to this shitty and... Licensing fees, having just turned 18 years old and making some decent writing! 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