You need to know a lot of people to make good money - Recensione dipendente - Financial Advisor presso Equitable Advisors

3,0
1 lug 2015
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

This is not a Job, you are are business owner. with all the pros and Cons that will come with that. This is a very challenging Job. It helps if you have a strong natural market, i didn't really know anyone so it was very challenging. I've been here for about a year and I work a lot to stay working here. I averaged around 60 hours per week. The pay is good if you can get a lot of clients 30% bonus on top of your PCS. My gross my first year was about 37k minus expenses that more like 31k. be ready to have at least a year of savings before you start, usually it wont pay anything significant in 6 months.

Svantaggi

my expenses were high since once you contract you pay 85 for the tech package, all your marketing, E/O insurance (250) gas and remaining expenses i averaged about 560 per month. Once you become more established you pay for more stuff, like share the staff salaries, cube space and other things. That will depend on the development of each advisor.

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5,0
2 apr 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

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

Svantaggi

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

1,0
26 giu 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Complete freedom to build your book of business anmd schedule.

Svantaggi

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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