AXA Advisors - can someone please help?

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Apr 21, 2006 12:35 am

I've been in the mortgage business for the past 6.5 yrs and I'm really thinking about breaking into the financial services arena as a Financial Advisor.  I've had 1 interview so far (2nd one next week) with AXA Advisors (the one on Broadway 1633 Broadway to be exact - in Manhattan).  I interviewed with a gentleman named Greg.

Now that you have a little background I guess the following would be my questions:

1: Does anyone know this guy and can you give me any useful advise?

2: Does anyone have any useful advise about AXA Advisors?  I've read a lot of bad things on the Vauld message board.

3: Can anyone give me any useful career advise on where the best place is to break into this business?

Any and all help will be GREATLY appreciated!!!

Apr 21, 2006 12:37 am

correction I’ve read the bad things on the Vault (not Vauld) message board.

Apr 21, 2006 12:43 pm

Your financial/banking experience will be useful for you.  Avoid AXA.  Look at something like Merrill, Morgan Stanley, Smith Barney, UBS, Wachovia, and so on.  AXA is somewhat of a goofy shop where you're training and development will be very lackluster compared to the bigger names on the street.  Plus, you'll have access to a better product assortment with a firm name that is infinitely more reputable.

Just my $.02.

Apr 21, 2006 1:22 pm

I think BR is right on target.  Too, if you use the ‘search’ function on this board you will find posts by folks who used to work at AXA or still do.

I never worked there, but have a close friend in the business who did.  There is apparently quite a bit of pressure to sell their in-house products, with a particular focus on life insurance(VUL’s) and annuities.  Frankly their products aren’t really that good.

I’ve heard, as BR mentioned, that their training isn’t that good.  Too, they apparently won’t even put you on a training salary until you achieve a few sales milestones-I’ve heard it referred to as ‘pre-contract’ or something like that.  That’s low class compared to how most firms operate.  Good for them, bad for you.

Last but not least, I’ve understood that MOST AXA offices will nickel and dime you with charges for expenses once you’re out of your training period. Charges for desk rental and parking(even if you don’t own a car).  These are all things that go towards lining the branch manager’s pocket with no real benefit to you.

Then again, you have to start somewhere, and sometimes the best training in this business is OJT with a good mentor.  I understand that there are some pretty strong producers in that particular office.  So, if you need to break into the business and that’s the best offer you get, take it and work hard, and plan to move up as you get experience.

Apr 21, 2006 1:41 pm

Gads man.  Honestly, be careful about the amount of information you give out.  There are some very strange sorts of people on the Internet and a few here.  Do you want this to get back to "Greg" if you take the job?

First, you try all the reputable firms with great products and great training.  Last step is a place like AXA, Ameriprise, etc.