Worst company any entry level advisor could work for. - Financial Advisor Equitable Advisors Employee Review

1.0
5 Mar 2023
Recommend
CEO approval
Business outlook

Pros

Little to none. You have a lot of free time.

Cons

Zero structure, zero training, zero support or help. They basically make you pay for your own background check and licenses, then make you call everyone you’ve ever met to try and get them to invest at Equitable. They say it’s a fiduciary but all the do is try and sell them annuities. Then after you’ve convinced any family and friends to invest they give you a Zoominfo login and have you make cold calls every day u til you hate your life. Basically tell you to lie on the phone and say they do financial planning when in reality it’s just convincing people to buy annuities or permanent life insurance. If you are new to the industry please do not work here. It will set your career back 6 months or more. Find a firm with a junior advisor program. You will reciente almost no training here and won’t make much money if any unless you’re from a well off family or have wealthy friends willing to move their investments over. Meanwhile your team leader takes a cut from all of your work and does nothing to help.

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Equitable Advisors Response
3y
Thank you for taking the time to leave us a review. We offer support and training, but at the same time each financial professional is responsible for building their own book of business. Many find this entrepreneurial environment rewarding, especially as it leads to building relationships and trust with your clients and having impact within your community. We offer a formal mentorship program, the Gold Mentor Program, where the talents and knowledge of new Financial Professionals are partnered with the experience and skills of some of our most successful producers. Also, we provide reimbursement of licensing expenses upon contracting. We are proud of our Financial Professional retention and development among our industry peers!

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
8 Jun 2026
Recommend
CEO approval
Business outlook

Pros

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

Cons

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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