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 for more than a 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

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

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  1. 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 for more than a 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
  2. 1 person found this helpful  

    Good but not great

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

    I have been working at LPL Financial full-time for more than a year

    Pros

    - great work life balance
    - low stress
    - good starting job in the financial services industry

    Cons

    - pretty low pay and small raises/bonuses
    - Few opportunities for upward mobility
    - A lot of unmotivated people working here

    Advice to ManagementAdvice

    - Make compensation and incentives more competitive for people and don't be scared to let people that aren't contributing go. You're letting good people walk away to other jobs because the compensation between a top-tier employee and a bottom-tier employee is not that big of a difference

    Recommends
    Negative Outlook
    Approves of CEO
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