Quick Answer: What Do AXA Advisors Do?

What do financial advisors actually do?

What Do Financial Advisors Do.

A financial advisor helps you create strategies for eliminating financial risk and building wealth over the long term.

They can give you a game plan that puts you on track to achieve your financial goals..

What is the base salary for financial advisors?

The average salary for a financial advisor in California is around $96,490 per year.

What does an AXA Financial Advisor do?

AXA Advisors’ Financial Professionals come from a wide variety of. Analyze financial information obtained from clients to determine strategies, financial products and services to help clients meet their financial objectives.

What does AXA mean?

Japan Aerospace Exploration Agency (also seen as JAXA) AXA. Alpha Chi Alpha.

Why did AXA change to equitable?

AXA, a company based in Paris, acquired control over Equitable in 1991. AXA began the process of spinning Equitable off as a separate company in 2017, partly in response to changes in European insurance company accounting and solvency laws.

Is it worth paying a financial advisor 1 %?

However, it depends on the amount of assets you have under management. Some robo-advisors can charge fees that are lower or higher but 0.25%-0.50% is a typical fee range. If you’re asking “is it worth paying a financial advisor 1%,” robo-advisors may seem like an attractive cost-saving alternative.

Can you trust financial advisors?

One easy way to ensure you’re working with a trustworthy financial advisor is to choose a professional who is already required to act as a fiduciary. Financial advisors who are registered with the SEC are required to have a fiduciary duty to their clients.

How long has AXA been in business?

History of AXA. AXA, an insurance group with mutual companies at the head of its financial structure, is the second-largest insurance group in France and the 30th largest in the world. Although it has only been operating under its present name since 1984 and is located in Paris, AXA’s roots are in 19th-century Normandy …

Is AXA a Fortune 500 company?

Global 500: The top 25 – AXA (15) – FORTUNE.

Is it worth becoming a financial advisor?

Key Takeaways. The growth rate for financial advisors through 2024 is much higher than the outlook for the average job. Benefits of becoming an advisor include unlimited earning potential, a flexible work schedule, and the ability to tailor one’s practice.

Is AXA a good place to work?

Great place to start a career and learn about personal finance and investing. If you love working with clients, AXA is a great place to hone your skills and improve. The work is very repetitive and has a lot to do with back office roles, but you get to learn a lot about financial advising.

How do I withdraw money from AXA?

How to withdraw funds through MyAXA Portal?On the MyAXA home page, click on My Policies tab.Select on the policy where you want to withdraw.Select “Withdraw Funds” to proceed. … Select the purpose of your withdrawal.Select the type of withdrawal (full or partial).Details of the policy will be shown.More items…

Who are the best financial advisors?

Find an Advisor Near YouRankFinancial Advisor1CAPTRUST Find an Advisor Read Review2Fisher Investments Find an Advisor Read Review3Fort Washington Investment Advisors Inc Find an Advisor Read Review4Hall Capital Partners Find an Advisor Read Review6 more rows•Jan 20, 2021

Why you should not use a financial advisor?

The fees that financial advisors charge are not based on the returns they deliver but rather are based on how much money you invest. … Not only does this system add extra, unnecessary risk and expenses to your investment strategy, it also leaves little incentive for a financial advisor to perform well.

How much are AXA Advisors?

For reference, a recent study by RIA in a Box found that the average annual advisory fee is 0.95% of AUM….Fees Under Equitable Advisors.Asset Management Program Fees Through Equitable AdvisorsProgramMinimum FeeMaximum FeeThe Pacific Financial Group0.50%1.00%61 more rows•Sep 18, 2020

Can a financial advisor make millions?

Top yearly base compensation at regional broker-dealers and wirehouses ranges from $140,000 for financial advisors at UBS whose 2017 production will be $400,000, to $1,105,000 for Raymond James & Associates financial advisors whose production this year hits $2 million, according to a new survey by the publication On …

Is equitable the same as AXA?

Equitable is the brand name for AXA Equitable Life Insurance Company (NY, NY) and its affiliates. Equitable Advisors is the brand name for AXA Advisors, LLC (Member FINRA, SIPC).

Do financial advisors make you money?

Whenever you meet with financial advisors, ask how they are compensated. Some financial advisors earn their fees from banks and investment companies. So although they offer “free” advice – which may very well be tempting – these advisors usually earn commissions from the investments they sell you.

Is it smart to hire a financial advisor?

While some experts say a good rule of thumb is to hire an advisor when you can save 20% of your annual income, others recommend obtaining one when your financial situation becomes more complicated, such as when you receive an inheritance from a parent or you want to increase your retirement funds.

Does AXA Advisors drug test?

Yes AXA does drug test as well as FBI and DOD background checks.

How do AXA Advisors get paid?

Financial Consultant at AXA Advisors There is a commission only contract and a salary plus commission package. The salary plus commission package pays $2k per month but your commission is cut in half. The company has minimum sales requirements that can be considered minimum compensation to survive.