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

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Helpful (1)

Not a bad place to start

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

I have been working at LPL Financial full-time (More than 5 years)

Doesn't Recommend
Positive Outlook
Approves of CEO
Doesn't Recommend
Positive Outlook
Approves of CEO

Pros

A lot of friendly coworkers

Cons

You might be rotated to different teams often and it is hard to move up in the company.

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  1. Helpful (2)

    Analyst

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

    I have been working at LPL Financial full-time (More than 3 years)

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    ability to work independently, freedom, some room to grow

    Cons

    some room to grow, low-end salary

    Advice to Management

    career development


  2. Helpful (6)

    Decent place to work, depending on your department, and direct management

    • 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
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    LPL has an above average 401K lineup, and the benefits are pretty good.
    It is a great place to build a base knowledge about the industry, and the potential for an upward career path.

    Cons

    It has been frustrating with the people that get promoted into Manager, AVP, and VP positions. Although they may have the technical knowledge, too many have almost no understanding of what it takes to be a great manager of people. At the same time, this may be because being a manager of people is an acquired skill, which takes not only time, but a desire to learn. And if there is no incentive to try to get the best out of your employees, eventually they become disengaged. Also, almost everyone seems to be paid below average for the industry, and raises for the majority are 2% per year. It takes an act of God to get more than this. Lastly, since the major outsourcing initiative was announced in February, which is still pending, the morale in the affected departments is noticeably low. All in the name of improved efficiency and expense management. But such is the world of capitalism.

    Advice to Management

    It will be interesting to see how you treat the employees who remain and don't get outsourced. The longer this environment exists, the more that good talented employees who have been with the company for a long time will be looking to leave. Also, giving a 2% raise for top performers that are in the middle of their comp ratio provides absolutely no incentive to work hard. You should revisit this, as it is quite the disincentive to get the most out of your employees.


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

See Most Recent

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