AXA RBG unit? any thoughts on it?
Can anybody tell me about the AXA RBG unit.
the rbg unit is focused on a very niche market consisting of educators and state employees. they mainly focus on the 403(b) market.
if you are brand new to the industry and want to get your feet wet, this isnt a bad avenue to test the waters. however, if you are wanting to do more hardcore planning and investments, you wont be doing much of it. you will have the ability to do all kinds of things as far as services we can offer to the client, which are well outside of the TSA/403(b) market. you can offer all stocks, bonds, MF, annuities, insurance or whatever, you will just be pushed very hard into focusing on getting as many apps as possible.
its not the platform i want my business on today, but i definitely see its place for some newbies wanting to look into the business without having to knock down all of the friends and family for biz. AXA also has a traditional side that would not be a focused on the 403(b) market, but you wouldnt have a salary and would be open game for who you want as your clients.
Except for people in this market have little money. So instead of working with 200 investors you need 1000 to make it.
I was with AXA in RBG unit for 3 years. You will have these tremendous capabilties and investment options, but at the end (and beginning) of the day you are expected to sell AXA TSA's. In the RBG, you are primarily measured on how many new TSA applications you get. Apps, Apps, Apps... That is all they care about.
They will send you to a 3 day brainwashing training in Newark where they will educate you on the AXA TSA and ways to market. They will pump you up and let you loose on unwary teachers.
As Baylor said, it may be a good entry into the business... If you go there, learn the ropes, then GET OUT and go to a better firm.