David Lerner?... Anyone? Anyone?

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May 2, 2008 1:35 pm

I am NOT happy at AXA after starting just 2 months ago... No support, No direction, and you have to PAY to work there.  Not to mention that if someone wants to rollover a 401(k) or move a brokerage account you almost have to sell an Accumulator Annuity, or a Variable Life Policy!  (which once written, can't easily be moved if you take your book else where)

I'm in central Jersey and I'm looking into David Lerner.  Any thoughts or feedback?  Good or Bad???

Also open to employement suggestions for this area... I have my 7, 66, H&L.

Thanks to all that read and reply!

Definitions   Pay to work at AXA means that you must pay for ALL of the following:  Business Cards, Envelopes, Letterhead, note pads, company pens, company hats, literature on company products (plus shipping charges), postage, overnight service for policies going to new business office, phone DNC system, access to LPL, access to morningstar, access to AXA's own software, and then if you aren't broke after the first year you pay RENT for you cubical regardless of production numbers!  And God forbid you land a nice big Life, Estate, Annuity Case and you look for some branch support from the listed branch experts you have to pay for ADVICE! (not joint work... Advice) And the 15th largest company in the world also picks up NO part of advertising, or seminar costs... But will charge you to rent AXA table covers.   No I am not angry... Just completely fed up with the out right lies and lack of interest in new hires!
May 2, 2008 2:08 pm

Wow.  Never knew that about AXA.  Some of them must be successful (though I hate even the thought of clients that have their annuities, as  they are tough to move due to surrender, and we don’t hold them).

  Anyway, I met a Lerner guy a while back, and their invesmtent programs seem pretty rigid.  I think they have their own proprietary investment models, with a dividend fund and a REIT fund or something???  Not exactly sure, but it didn't seem kosher to me.
May 2, 2008 9:29 pm

You just gave me a great idea.

I'm looking to hire trainees, i need people that have a shot, which is hard to find in our business. (i'm BOM in a wirehosue). I'm gonna prospect the poor slobs at AXA that got roped into this deal that you talk about. There have to be a few gems in the program that with the right support can build a book. Best part is they can sell AXA accumulator, as well as stocks bonds, etc.
May 2, 2008 10:08 pm

I’m an AXA slob… What’s the gig?

May 2, 2008 10:23 pm

pm me

May 2, 2008 10:36 pm

May 3, 2008 7:43 pm

Wow…that sounds just like LPL with half the payout!

  I wonder if AXA offers "cubicle timeshares"?
May 3, 2008 10:26 pm

no cubie timeshares… But I have seen a couple of offices with two desks jammed in so they can co-op the costs!

May 8, 2008 11:10 pm

AXA for 2 months…How long have you been in the business?