license then leave - Financial Advisor Equitable Advisors Employee Review

1.0
26 Jun 2023
Recommend
CEO approval
Business outlook

Pros

You can pay for your licenses

Cons

There are different contracts you can be brought in as. You can either be brought into only work with School employees and try and connect with them which is 100% commission or you can have a small base salary after you bring in enough business, but at that point it could be months, since you would do all your own lead generation with warm markets (friends and family then trying to connect on social media) Lack of training structure with weeks in between trainings that could just be recorded and not waste hours of time You have to pay for your own lead generation while paying for more services to be able to either offer life insurance products or advising Weird that you have to split commission with other agents that have access to product services almost like this is to only support agents who have been here a while or you have to pay on your own and if you dont have a lot of clients your fees are eating your income

Explore other reviews about Equitable Advisors

5.0
2 Apr 2026
Recommend
CEO approval
Business outlook

Pros

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

Cons

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

1.0
26 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Complete freedom to build your book of business anmd schedule.

Cons

Horrendous place to start. Managers run their own practice and have little to no time to actually help you outside of your joint meetings so you're on your own. They only give you 2 options to get clients, cold calling or their retirement benefits group through schools. Basically the whole advising piece is to just to sell life insurance and annuities. The support staff is thin so you're kind of on your own with paperwork and compliance docs. They just genuinely offer you nothing. No help with covering costs (you pay for all your licensing and marketing materials), they even charge you for using the company laptop and fees for programs you will never use. They will mislead you about the commission payouts and you only really get something if you get them to buy an annuity or life insurance. If you also have a remaining balance of any fees when you leave, they will literally sending you threatening letters demanding the money and threaten you with claims court if you don't pay it back.

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