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

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

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

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

Recommends
Positive Outlook
Approves of CEO
Recommends
Positive Outlook
Approves of CEO

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 Management

Watch how advisors work to improve their efficiency.

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  1. Helpful (2)

    stressful

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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 a year)

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

    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 Management

    get new management


  2. Helpful (1)

    Good but not great

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

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

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    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 Management

    - 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


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

See Most Recent

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