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There are newer employer reviews for LPL Financial

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Helpful (5)

LPL Cannot Afford a Receptionist! So many LPL jobs are being shipped to India. LPL Advisors, guard your assets!

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Program Manager in Charlotte, NC
Current Employee - Program Manager in Charlotte, NC

I have been working at LPL Financial full-time (More than 8 years)

Doesn't Recommend
Negative Outlook
Disapproves of CEO
Doesn't Recommend
Negative Outlook
Disapproves of CEO

Pros

Good PTO vacation policy and good experience to learn the world of financial industry.

Cons

Morale has been declining to very low levels since early this year. LPL cannot even afford couple of pizzas and sodas for employee holiday parties so no holiday parties at LPL this year. My cousin works at a small mattress store (yes a mattress store) and they had a nice little holiday party for their employees. Very misguided management decision at LPL so far this year. Seems like HR is in a deep, deep hybernation sleep with no ETA to wake up!

Advice to Management

Shame on LPL! You chocked over a receptionist salary? Are you kidding? You decided to outsource a receptionist position?!! Sad road ahead for LPL employees. There is minimum level of comfort and common sense in knowing that a decent management will say it's OK we can afford our own receptionist regardless of what the outside 'consultants' are advising. Not at LPL obviously. What's next, ask employees to bring their own toilet paper? You have SO MANY VPs, SVPs and EVPs that hardly have any work to do! Also, rather than manage and sell from behind a laptop, make your sales staff go out and EARN and bring new business and not manage and boss their rank-and-file from behind a laptop! At one point, this company had a very bright future. No longer. The writing is on the wall. If LPL's independent advisors are aware of how weak and understaffed the back office operations are at this point, they'll surely run to the competition and take their clients and money with them! LPL employees at the call center are being instructed NOT to mention anything to incoming calls from advisors about how much of advisor and client private information is being routinely handled by non-US employees in India, Russia and the Philippines.

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  1. An overall good place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Compliance Analyst in Charlotte, NC
    Current Employee - Compliance Analyst in Charlotte, NC

    I have been working at LPL Financial full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Possible career opportunities, good benefits

    Cons

    Quick upward mobility may be limited


  2. Helpful (5)

    Management is oblivious to low morale

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Diego, CA
    Current Employee - Anonymous Employee in San Diego, CA

    I have been working at LPL Financial full-time (More than 8 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    San Diego is a great home base.

    Cons

    Morale is so low and staff is afraid to speak out even on the "confidential" employee survey because they do not trust management. Look under the hood and you will find a lot of hr issues that end up getting swept under the rug versus dealt with in a fair way.

    Advice to Management

    Stop allowing your department heads to make promotions and lay-off decisions based on popularity instead of merit. Many of the 30+ management staff you just laid off were among your most talented, that was a disgrace.


There are newer employer reviews for LPL Financial
There are newer employer reviews for LPL Financial

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