There are newer employer reviews for LPL Financial

 

Flexibility for Seasoned Financial Advisors - some improvements still needed like everyone else

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Financial Advisor
Current Employee - Financial Advisor

I have been working at LPL Financial as a contractor (more than an year)

Pros

Extensive managed account programs
Huge bond inventories
Non proprietary products allows an advisor to be very competitive and not lose business to other firms
No pressure to meet targets
No forced retirement program
Lots of choices
You can market yourself
High payouts

Cons

The company is growing rapidly and so there are new people who don't always know the answer at home office.
Systems need some work like every other company out there.
It does take some time to figure out the easiest way of doing things and how to maximize the payouts.
Inexperienced advisors might have a hard time as LPL does not train.

Advice to ManagementAdvice

Watch how advisors work to improve their efficiency.

Recommends
Positive Outlook
Approves of CEO

227 Other Employee Reviews for LPL Financial (View Most Recent)

Sort: Rating Date
  1. 4 people found this helpful  

    Great company if you work under the right vice-president.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Clerk in La Jolla, CA
    Former Employee - Clerk in La Jolla, CA

    I worked at LPL Financial as a contractor (less than an year)

    Pros

    No age discrimination seen and the company seems to value experience. My initial vice-president was great. He was in his late 30s and very mature and worked hard. He was great at helping and encouraging people in advancing their careers. He was great in communicating by email, in person, at meetings, by phone. You always knew where you stood with him.
    The 25 cents soda machine was great along with occasional free breakfast and lunch. Most workers were very friendly and there was a good mix from their 20s to 60s. Business casual dress and casual Fridays, food trucks are also in the area a few times a week. They are big on recycling and being green so no free paper cups for your coffee. They do have free coffee, tea and hot chocolate.

    Cons

    Horrible parking if you are assigned to the plaza 2 building. Plaza 8 has no inside area to sit down and eat so you either eat outside, at your desk or in your car.
    My last vice-president was in his mid 30s and not too mature for a married man with kids. He spent a lot of time joking around with coworkers. He didn't know much about the department since he was new to it and he gave me instructions that caused a processing delay and made one of my coworkers blame me for it. He seemed to favor the young guys in the department and when he hired temps, they were always no older than 25. It seems he would only interview based on the lowest temp agency rate and he failed to look at the quality of the agencies. He was horrible at communication and would not always respond to email so you would have to leave your desk and go to his office to get help.
    Workers that were part of company layoffs were mostly the best and brightest workers. Some had been here for a few or several years and if their vice-president didn't like them, they were let go.

    Advice to ManagementAdvice

    There are too many vice-presidents doing the work of supervisors. The vice-presidents should really be called supervisor or manager. Before sending them to new units or departments, they should have some sort of training.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. 2 people found this helpful  

    stressful

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

    I worked at LPL Financial full-time (more than an year)

    Pros

    none, this is a very bad company, I would NEVER PUT MY MONEY THERE

    Cons

    bullies, angry individuals, very disorganized and incompetent

    Advice to ManagementAdvice

    get new management

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
There are newer employer reviews for LPL Financial

Work at LPL Financial? Share Your Experiences

LPL Financial

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.