A financial planner is a professional who helps companies and individuals create a program to meet long-term financial goals. Financial advisor is a broader term for those who help manage your money including investments and other accounts.
People also ask, does AXA Equitable still exist?
In 1991, French insurance firm AXA acquired majority control of The Equitable. In 2004, the company officially changed its name to AXA Equitable Life Insurance Company. By 2018, the company had over 15,800 agents licensed by the State of California. In January 2020, it changed its name to Equitable Holdings, Inc.
A financial professional works with potential clients to help guide them towards achieving financial security.
Correspondingly, 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.
How do financial planners get paid?
There are three ways financial advisors get paid: Fee-only advisors charge an annual, hourly or flat fee. Commission-based advisors are paid through the investments they sell. Fee-based advisors earn a combination of a fee, plus commissions.
Which is better financial advisor or planner?
Financial advisors are more likely to focus on investment management, while planners take a more holistic approach. Financial advisors tend to take a narrower view when offering financial guidance than financial planners do.
What happened to AXA Financial?
AXA Equitable Holdings Inc. EQH -0.15% is dropping AXA from its name in another sign the company is breaking free of insurance conglomerate AXA SA, its parent since the 1990s. … The 161-year-old New York company is expected to announce its new name, Equitable Holdings, on Tuesday morning, company executives said.
Why did equitable leave AXA?
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.
How do I withdraw money from my AXA account?
Withdraw your funds with ease with the use of MyAXA portal using the following steps.
- 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).
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 …
Do financial advisors have a base salary?
Many financial advisors get paid a base salary plus any performance-based bonuses they may have earned that year. However, it really depends on whether the financial advisor is employed by a large company or is a self-employed registered investment advisor (RIA).
Is AXA a good place to work?
Axa is a great company, management is always trying to improve job happiness. We have good benefits and 4 months maternity leave. Flexible hrs and work at home flexibility. Every one is friendly and respectful of each other.
Is Equitable Advisors commission based?
Since it is mostly commission based/sales it is not for everyone. It is hard to sell insurance to clients and much more work to just maintain the existing clients.
Is Equitable Advisors a good company?
Equitable has given me all the tools and opportunities to build a successful and rewarding career. I have worked with a great team that pushes me to be the best Financial Advisor I can be. … It’s a great place to get a career started, in that there seems to be a decent amount of entry level opportunities.
How much do financial advisors make at Equitable?
How much does a Financial Advisor at Equitable make? The typical Equitable Financial Advisor salary is $27,532. Financial Advisor salaries at Equitable can range from $1 – $75,019.