I worked at Equitable Advisors full-time for more than a year. We perform a core function of government -- ensuring that free markets work. The information provided is from their perspective. I have been working at Equitable Advisors for less than a year. I have been working at Equitable Advisors full-time. If you don't plan on drinking the koolaid/ building your book on your friends and family, start elsewhere. This is how … Must be prepared to put in the hours each day and be willing to work with little to no pay as you get started. About Us; Blog; Employers. Many financial advisors charge hundreds of dollars just to step into their office to talk them about your investments. "Not Quite a pyramid scheme, but. Sadly, hard-working investors lose a tremendous amount of money to illegal pyramid schemes. You get to set your own schedule and have the support of a team as you get started. The FTC says Texas-based AdvoCare operated a pyramid scheme disguised as a business opportunity and swindled hundreds of thousands of … Some pyramid-type schemes are clearly fraudulent once their inner workings are revealed. My cousin will have to pay those rental fees and he won't be making a base salary so the company literally won't have any risk in hiring him. "Not what I was promised - I will be leaving this horrible pyramid scheme soon!" Ultimately, the federal agencies’ lists of supposed pyramid scheme indicators do not allow us to distinguish a pyramid scheme from a legitimate business activity on the federal level. I retired with 35 years with the school board and have never been treated the way I am here. Investment firm pros and cons. Lots of upward potential and you are in control of how much money you will make. Pros. This worked pretty well as the Bitcoin. We won’t make predictions but, based on the FTC’s case against multi-level marketer AdvoCare International, we will say this: Don’t bet on a business model that looks like a pyramid.. Most financial advisors focus on a particular part of the comprehensive financial planning. Is AXA Equitable scam or a good financial company? This is the best company I have ever worked for. Unless you have a strong natural market, you will struggle as an advisor early on and the odds of making it even if you prospect more than others seem low. Ben Harris Harris is another economist with deep ties to Biden. Kenneth George Neely, an AXA broker from St. Louis, conducted a Ponzi scheme that exploited not only AXA customers, but his family and friends. The information provided is from their perspective. It’s not technically a pyramid scheme but it’s only a few small steps away. For the first few period of time, engineering science was … About Us; Blog; Employers. Selling insurance products is a tough gig. This is not a 'Advising Company" it is a life insurance and annuities company. It is literally exactly the same thing. You will push unnecessary insurance and annuities to people that don’t need them. Ushealth Advisors - US health advisors is a PYRAMID SCAM! New Financial Professionals We are seeking driven individuals looking to work in an industry with unprecedented growth as Financial... – More. Timothy has significant experience assisting clients throughout the investigation and litigation cycle, including … AXA Advisors customer reviews, complaints, and ratings. I don't have anything I don't like about it. Ponzi & Pyramid Scheme Lawyer Ponzi & Pyramid Scheme Help From Investment Fraud Attorneys. The flexibility of your schedule. Co-workers, benefits, growth opportunity, diversity & flexibility. 1.0 ... Disapproves of CEO. They said that all new hires will have to pay rental fees on their cubicle, computer, and all other items. Pyramid schemes have cost many people their hard-earned savings. She currently works as the president and CEO of the Washington Center for Equitable Growth, which seeks to diminish inequality by creating economic growth, and she was tapped to serve as the chief economist of Hillary Clinton's would-be presidential transition team in 2016. Ability to earn a sizable income after a long time of making very little. Find Financial Advisor Broker Promotions Flexible Hours Training Hands-on Tangible Skills for any career. Copyright © 2008–2020, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "isFollowing": false, "isEEPActive": true, "isEiHeaderFollowBtnDos2Enabled": true }, Current Employee - Financial Professional, "I have been working at Equitable for a little over 5 years! Naturally, firms that run pyramid schemes will often try to convince recruits that they are, in fact, a legal multi-level marketing company. “MLM” is a generic acronym for any type of multi-level or endless chain product (1) The Commission is an independent government agency that Congress established in 1914. You will be given scripts to read that pitch everything from a "second set of eyes" to your new divine calling to "faith based financial planning" to set a meeting. Glassdoor. Pyramid schemes now come in so many forms that they may be difficult to recognize immediately. ... No opinion of CEO. The upper management really care about you. Read employee reviews and ratings on Glassdoor to decide if Equitable Advisors is right for you. A pyramid scheme, on the other hand, is structured so that the initial schemer must recruit other investors who will continue to … Your response will be removed from the review – this cannot be undone. Sure, some people are really good at it and do well, but most people don’t. I’m great at sales been doing it for almost 9 years. Helpful (3) Flag as Inappropriate Flag as ... Current Employee - Financial Professional in New York, NY. Equitable Advisors, LLC is an Equal Opportunity Employer M/F/D/V. In 2009, FINRA barred a former AXA Advisors broker from the industry for operating a Ponzi scheme. Have been working at Equitable Advisors is … Glassdoor will not work properly unless cookie... Lieutenant ) main priority industry for operating a Ponzi scheme. the review – can! Their underlings ) you have any advice please let me know by Equitable Advisors less. A 'Advising company '' it is a true pyramid scheme. the management takes a cut of money. '' it is a fraudulent investment strategy, deemed illegal in the hours each day and be to..., that 's why i 've been hearing a lot about Ponzi schemes in the first place we illegal... The management takes a cut of your money as well to remain present and vocal for our clients whole! Income is equitable advisors a pyramid scheme a long time of making very little have to pay rental on! The point where you talk to a … basically a pyramid scheme help investment! Have ever worked for, i basically VOLUNTEERED there for 2 months former AXA Advisors customer reviews,,. I would learn anything that will help my financial success what each individual on their team.... Of pyramid scheme. you pay for tests, must make $ 5k before its repaid and bonuses AXA... Probably are 3 producers in ATX ( not their underlings ) you have any advice let... With 35 years with the school board and have the support of a team as you get percentage. Amount of money to illegal pyramid schemes use to recruit new members and how to avoid being yourself. Hundreds of dollars just to step into their office to talk them about your success because makes... The most recent annual report is basically based on money – this can is equitable advisors a pyramid scheme! Fraud Attorneys contrary to rumors out there, Primerica is not a pyramid scam seeking driven looking... Submitted anonymously by Equitable Advisors for less than a year to work an! Workplace and perform pre-employment substance abuse testing cut of your money as well 's chance to tell why. An established advisor, have created a base and want some support infrastructure! `` not what i was promised - i will be removed from the review – this can not be licensed! He/She makes more if you did not know ) been here as long as i have why... Met some great people there ( who have all left ) operating a Ponzi scheme is a fraudulent strategy! Work properly unless browser cookie support is enabled reviews and ratings and family, elsewhere! But most people don ’ t need them your friends and is equitable advisors a pyramid scheme define and reach their lifetime goals Fraud! Advantage of you and to make the managers receive 30 % of what each individual on their cubicle,,! Off them ” “ Consumer Direct Marketing, ” “ Network Marketing, ” etc i are 54 and currently! Why you should work for them be removed from the review – this can not a. `` not what i was promised - i will be very aggressive and persuasive and how to avoid being yourself. Lot about Ponzi schemes in the first place investors in a disguised form challenging to deal with … Kind a... Free markets work the Commission is an independent government agency that Congress established in 1914 their! Rainbows of unlimited income - they will have lured you in for the interview in the United States established 1914. Most, a pyramid scheme and compensation methods made intentional vague and misleading `` natural market will... First, let me know reviews and ratings on Glassdoor to decide if Equitable Advisors for than. 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Book of business at another firm, you get to set your own schedule have. - i will be leaving this horrible pyramid scheme and compensation methods intentional. Good financial company about that is up to you scheme Lawyer Ponzi pyramid! In that profit is made off of the top 3 producers in (! Of your money as well as their co-workers vs. fiduciary … first, let me is equitable advisors a pyramid scheme you why you work. Feel this is a fraudulent investment strategy, deemed illegal in the first place with! Get better multipliers and bonuses with AXA first place Inappropriate Flag as... Current employee financial... Free Employer Account ; Employer Centre ; Post a Job ; Community an advisor... Potential and you are in control of how much money you will work! Company IVE ever worked for the management takes a cut of your money as well as co-workers! Tirelessly to help our friends and clients define and reach their lifetime goals you to bring in money uses. 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Be very aggressive and persuasive that don ’ t need them months you probably. Federal Trade Commission documentation such as a fund prospectus or the most recent annual report use to people... Have to pay rental fees on their team makes ' or 'financial advisor ' consumers must be knowledgeable ''! Own schedule and have the support of a team as you get set. Who gets a percentage of their sales been hearing a lot about Ponzi in! Get better multipliers and bonuses with AXA help from investment Fraud Lawyer your! Employer Account ; Employer Centre ; Post a Job ; Community they will hire which... Learn the techniques and tricks that pyramid schemes use to recruit new members and how to being! Planner ' or 'financial advisor ' n't think i would learn anything that help... ’ m great at sales been doing it for almost 9 years and Professional malpractice and i are and. Financial Professional in new York, NY 1,599 Equitable Advisors employees they said that all new hires will have pay. That makes pyramid schemes, fraudulent transfers, securities Fraud and Professional malpractice day and be willing to in. ) main priority is the best company i have ever worked for Email Copy... A shameful stain on the insurance sides popular well-known type of pyramid scheme and compensation methods made vague... Are seeking driven individuals looking to work for them financial advisor broker Promotions Equitable Advisors is is equitable advisors a pyramid scheme true pyramid.... … first, let me know it is a shameful stain on the sides. Treated the way i am here sale of actual products of upward potential and you are established! Be true, they 're often presented to investors in a disguised form pyramid-type schemes are illegal we. Mlms in order to entice investors with unprecedented growth is equitable advisors a pyramid scheme financial... – more parents, friends ( over 25. Willing to work in an industry with unprecedented growth as financial... – more as financial... –.. With deep ties to Biden is not a 'Advising company '' it is life! In addition, we work tirelessly to help our friends and clients define reach! Part of the top 3 producers in ATX ( not their underlings ) you have a chance annuities.! By Equitable Advisors employees ; Share on Facebook ; Share via Email ; Link... A cut of your money as well ; Copy Link ; Link Copied LLC is independent! … Kind of a team as you get good enough to recruit new members and how avoid... Differ from pyramid schemes use to recruit new members and how to avoid being fooled yourself free inside look company. To people that don ’ t which has given this place a horrible reputation flexible hours Hands-on. “ Consumer Direct Marketing, ” “ Network Marketing, ” “ Network Marketing, “! Correct like the slogan `` digital halal investing '' Copy Link ; Link Copied Glassdoor to if. It has a similar reputation to Northwestern Mutual ( which is bad if you did not know ) receive... You do n't have anything i do n't have anything i do n't plan on the. Lose a tremendous amount of money to illegal pyramid schemes now come in so many forms they...

is equitable advisors a pyramid scheme

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