
Equitable Advisors is a wholly owned subsidiary of Equitable Holdings, Inc. (NYSE: EQH), a publicly traded financial services company headquartered in New York City. Founded in 1999 as AXA Advisors and renamed Equitable Advisors in June 2020, it is a dually registered broker-dealer and investment adviser fielding approximately 4,500 financial professionals and $140 billion in assets under administration as of Q3 2026.
Parent Company
Founded
1999
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Equitable Advisors | Equitable Holdings, Inc. | Subsidiary |
Equitable Advisors began operations in July 1999 as AXA Advisors, LLC, the retail distribution arm French insurer AXA built after its 1991 investment in the Equitable Life Assurance Society. AXA Advisors carried the French parent's name while selling Equitable's annuities and insurance products nationwide, reaching roughly 4,300 financial professionals by the end of the 2010s.
AXA's exit drove the rebrand. AXA had controlled Equitable since 1991, took it public in 2018, and sold down its remaining stake through 2019 and 2020. With the parent relationship ending, AXA Advisors, LLC legally changed its name to Equitable Advisors, LLC on June 15, 2020, part of a companywide rebranding that also renamed AXA Equitable Life to Equitable Financial Life Insurance Company and the distributor to Equitable Distributors, LLC.
Under the new name, the network professionalized its advisory model. It reported approximately 4,500 duly registered and licensed financial professionals as of Q3 2026, including about 1,000 focused on the K-12 educator 403(b) market where Equitable is a leading provider. The Wealth Management segment it anchors reported $140 billion in assets under administration and $2.7 billion of advisory net inflows in Q3 2026.
What does Equitable Holdings own?
Equitable Holdings owns the Equitable insurance and retirement businesses, the Equitable Advisors distribution network, and approximately 68% of asset manager AllianceBernstein (NYSE: AB).
Is Equitable Holdings merging with Corebridge?
Yes. The all-stock merger announced March 26, 2026 was approved by shareholders on July 30, 2026 and is expected to close by year-end 2026, creating a company of about $22 billion that keeps the Equitable Holdings name.
Is Equitable Holdings the same as AXA?
No. AXA acquired Equitable in 1991, but the US business was spun off in a 2018 IPO and renamed Equitable Holdings in 2020. AXA no longer owns any stake.
Is AllianceBernstein owned by Equitable?
Equitable holds approximately 68% of AllianceBernstein's economics and controls it through ownership of the AB general partner. AB trades separately on the NYSE under ticker AB.
Who is the CEO of Equitable Holdings?
Mark Pearson is president and CEO. Corebridge CEO Marc Costantini is designated to lead the combined company after the merger closes.
When was Equitable founded?
The Equitable Life Assurance Society of the United States was founded in New York City in 1859 by Henry Baldwin Hyde.
Equitable Advisors operates under SEC Regulation Best Interest, which raised conduct standards for broker-dealer recommendations, and state insurance regulators adopting the NAIC suitability model for annuity sales. The firm's affiliated structure, where advisors earn commissions on proprietary products, is a documented conflict it must disclose and manage under Reg BI.
The parent has invested in fiduciary-aligned practices and advisory-platform expansion to shift advisors toward fee-based relationships. Equitable Holdings is not a Certified B Corporation.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Ameriprise | USA | 1894 | Mass market | Global | All Genders | |
| Lpl Financial | USA | 1979 | Mass market | United states | All Genders | |
| Lpl Financial | USA | 1989 | Mass market | United states | All Genders | |
| Raymond James | USA | 1962 | Mass market | United states | All Genders | |
| Wells Fargo | USA | 1852 | Premium | United states | Unisex | |
| Equitable Holdings | USA | 1859 | Mass market | United states | All Genders |
Finance FintechOwned by Ameriprise Financial, Inc.
Master brand of Ameriprise Financial, Inc., the Minneapolis wealth management and financial services company with $1.7 trillion in assets.
Finance FintechOwned by LPL Financial Holdings Inc.
Independent broker-dealer brand acquired by LPL Financial in 2025 for about $2.7 billion, with its advisors converting onto the LPL platform in November 2026.
Finance FintechOwned by LPL Financial Holdings Inc.
Flagship brand of the largest independent broker-dealer in the US, serving more than 32,000 advisors and $2.6 trillion in client assets.
Finance FintechOwned by Raymond James Financial, Inc.
Master brand of Raymond James Financial, Inc., the St. Petersburg wealth management and investment banking firm serving individual and institutional clients.
Finance FintechOwned by Wells Fargo & Company
Wealth management and brokerage business of Wells Fargo, serving clients through thousands of financial advisors and the bank's branch network.
InsuranceOwned by Equitable Holdings, Inc.
Flagship retirement, life insurance, and wealth management brand of Equitable Holdings, tracing its roots to an 1859 New York life insurer.
Market Positioning: Equitable Advisors competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Finance FintechOwned by Ameriprise Financial, Inc.
Master brand of Ameriprise Financial, Inc., the Minneapolis wealth management and financial services company with $1.7 trillion in assets.
Ameriprise Financial operates independently without a large parent corporation.
Finance FintechOwned by LPL Financial Holdings Inc.
Flagship brand of the largest independent broker-dealer in the US, serving more than 32,000 advisors and $2.6 trillion in client assets.
LPL Financial operates independently without a large parent corporation.
Finance FintechOwned by Trove FS, LLC
Independent fee-only multi-family office serving ultra-high-net-worth families, headquartered in Stamford, Connecticut and rebranded from Maestro in 2023.
Trove is privately owned, unlike Equitable Advisors which is under a publicly traded parent company.
Finance FintechOwned by Massachusetts Mutual Life Insurance Company (MassMutual)
Global asset management firm headquartered in Charlotte, North Carolina, and subsidiary of MassMutual, managing investments across fixed income, real estate, and private markets.
Barings is privately owned, unlike Equitable Advisors which is under a publicly traded parent company.
Finance FintechOwned by Bloomberg L.P.
Industry-standard financial data and analytics platform used by approximately 325,000 subscribers at banks, hedge funds, and institutional investors worldwide.
Bloomberg Terminal is privately owned, unlike Equitable Advisors which is under a publicly traded parent company.
Finance FintechOwned by Bybit Fintech Limited
Dubai-based cryptocurrency exchange, the world's second-largest by trading volume, serving more than 80 million registered users.
Bybit is privately owned, unlike Equitable Advisors which is under a publicly traded parent company.
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