LPL Financial

  www.lpl.com
  www.lpl.com

LPL Financial Reviews

Updated December 13, 2014
Updated December 13, 2014
242 Reviews
3.0
242 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
LPL Financial Chairman & CEO Mark S. Casady
Mark S. Casady
120 Ratings

Review Highlights

Pros
  • From my experience, there is great work/life balance and LPL is very accommodating for the needs of its employees (in 6 reviews)

  • 25 Cent sodas (for those who drink it) (in 5 reviews)


Cons
  • There is a lack of communication within the management team and across various groups which leads to delayed decisions (in 6 reviews)

  • Overall support from home office, technology, balance with the rest of your life (in 8 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Compliance Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 3 years)

    Pros

    Excellent culture, growing, benefits structure

    Cons

    Compensation is below industry leaders

    Recommends
    Positive Outlook
  2.  

    Great place to work

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

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

    Pros

    Management, work schedule, PTO, they listen

    Cons

    Salaries, YE bonus not paid until mid-March, internal mobility salary cap.

    Advice to ManagementAdvice

    Increase salaries, eliminate internal mobility salary cap.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Big Business

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

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

    Pros

    Training, 401(k) options and Employer Matching, Breakfast/Lunch items provided for free.

    Cons

    Acquiring smaller businesses currently (Fortigent & Others). Acquired companies seem like an afterthought. Lackluster benefits, Allows accrual and carryover of PTO but won't allow more than 9 days of consecutive PTO.

    Doesn't Recommend
    Neutral Outlook
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  5. 1 person found this helpful  

    beware of outsourcing efforts, culture of disconnect

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

    I have been working at LPL Financial full-time

    Pros

    Great flexibility, benefits and all depends on direct manager, your experience could vary significantly.

    Cons

    Outsourcing to increase the bottom line, no loyalty to hard working employees. Communication channels and processes are broken in many areas.

    Advice to ManagementAdvice

    Need tight knit people that feel their contributions matter or this corporation may become something no one wants to be a part of. Make the investment, your good people will stay.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Growing Quickly

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

    I have been working at LPL Financial

    Pros

    mid cap firm with some typical growth pains, but strong pipeline.

    Cons

    bureaucracy gets in the way of quick movements on occasions

    Positive Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    Some Good Things, Some Bad Things

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

    I worked at LPL Financial full-time (more than 3 years)

    Pros

    Advancement opportunities were readily available
    Commitment to training
    Technology was up-to-date

    Cons

    Micromanagement philosophy; way too many VPs and AVPs and Directors, etc
    Management very cliche-y; it was evident that they had their favorites

    Recommends
    No opinion of CEO
  8.  

    Branch Examiner

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Examiner in Remote, OR
    Current Employee - Examiner in Remote, OR

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

    Pros

    Benefits, schedule, people, work-life balance

    Cons

    pay increases - Compu-Ratio is not followed as printed.

    Advice to ManagementAdvice

    Pay internal employees as much as new hires when starting new position or eventually lose them.

    Recommends
    Neutral Outlook
    Approves of CEO
  9. 2 people found this helpful  

    Good company, Management not very efficient/trained

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

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

    Pros

    Worked within the mktg dept. at LPL. Friendly, hard-working dept and colleagues. Definitely held up to the LPL value and standards. Was satisfied with interview process and compensation. Beautiful building. Good benefits and time honored vacation.

    Cons

    There is a lot of excessive protocol, middle-mgmt that gets in the way of getting out jobs more efficiently and dynamically. Middle-management needs more training on how to coach associates more effectively (a lot of pressure) and less waterfall workflow. A -lot- of work within 40-hr wk. Needed to upgrade to the latest digital marketing trends.

    Advice to ManagementAdvice

    Better train your managers to coach more effectively

    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Technology organization can not deliver anything ontime. What is delivered has quality issues.

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

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

    Pros

    work hours are 8:00 a.m. to 4:00 p.m.

    Cons

    No career growth
    Middle management has been at LPL too long. Their skill set is outdated.

    Doesn't Recommend
    Negative Outlook
  11. 2 people found this helpful  

    Opportunities for career growth for motivated, talented employees; lack of compensation for loyal employees.

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

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

    Pros

    There are great opportunities for career growth for motivated, talented employees. From my experience, there is great work/life balance and LPL is very accommodating for the needs of its employees. There are opportunities for some employees to work from home when needed or as part of a regular schedule. For new employees, the hiring salary is competitive.

    Cons

    Compensation issues have been addressed for new employees coming on, however, they have not done much for loyal, high performing employees that were hired prior to the compensation restructuring. A number of employees have left LPL and come back within a year to be hired back at a much hire salary.

    Advice to ManagementAdvice

    Some loyal, high performing employees who were hired several years ago (prior to compensation restructuring) are not being compensated appropriately. Employees are basically being encouraged to leave the firm and come back within a year and are receiving much higher salaries upon their return.

    Recommends
    Neutral Outlook
    Approves of CEO

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