Sales job (beware college grads) - Financial Advisor bei Equitable Advisors: Mitarbeiterbewertung

1.0
5. März 2025
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CEO-Befürwortung
Geschäftsprognose

Pros

They pay for your financial licenses

Kontras

Once you get your licenses you have to bring a few clients over in order to get your permanent contract. You have 2 options: go full commission or go half commission + $24k a year base salary. They will train you on how to sell proprietary products, not financial advising. They will push you to bring over family and friends, and sell them this products (that will lock your family's money for 6 years). Once you run out of family they will make you cold call, at least 300 dials a week. They believe in the culture of showing up really early and leaving really late. You will work at least 10 hours a day and they will make you go to the office on Saturdays. Your job is pushing high fee annuities and life insurance. When you leave they keep all your clients and will sue you if you reach out to them. The predatory strategy is to hire kids from wealthy families, get their family's money and then make the kid cold call until he decides to leave due to the burn out. THERE ARE BETTER WAYS TO START IN THIS INDUSTRY, DON'T GO THERE

Mehr Bewertungen zu Equitable Advisors entdecken

5.0
2. Apr. 2026
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CEO-Befürwortung
Geschäftsprognose

Pros

Compensation structure, product availability, brokerage system, overall tools, open structure to do best for your clients

Kontras

Support staff are more hands off, not a lot of in house support staff members.

1.0
8. Juni 2026
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CEO-Befürwortung
Geschäftsprognose

Pros

Good place for career changers to get financial licenses (they will license anybody)

Kontras

Very bad pay model for new hires- will tell you 6% commissions on certain products but then you have to kick up 10% to your manager and the other half of what's left to whoever is working w you because they make you go out in pairs...and mostly seem want to get ahold of all your friends and family for sales you can't participate on without the 66....but you have no time to study that bc you are too busy selling for the products that don't require it to make quota, as your clock starts when you pass the 7, so pretty much they just want your people. It's very eat what you kill, and then only after it's been picked over.... which is fine if you're young with no obligations, but not great if you have a family. If you were an existing advisor and had your own book/contacts it could work. Otherwise get your licenses, learn a little, but don't be afraid to move on to other opportunities.

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