LPL Financial Reviews

Updated March 20, 2015
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3.2
277 Reviews
Rating Trends
Recommend to a friend
Approve of CEO
LPL Financial Chairman & CEO Mark S. Casady
Mark S. Casady
132 Ratings

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 Pros and Cons

Employee Reviews

Sort: Popular Rating Date
  1. Great Company, Great Opportunity, Great People

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

    I worked at LPL Financial

    Pros

    Great company culture, supportive colleagues, opportunities for growth and learning.

    Cons

    Some work becomes monotonous and important decision making can be a drawn out process.

    Recommends
    Positive Outlook
    Approves of CEO
  2. Great Work Environment

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

    I have been working at LPL Financial

    Pros

    Plenty of opportunity. They encourage diversity and work life balance.

    Cons

    Very corporate, sometimes I do not feel like an individual.

    Advice to ManagementAdvice

    Take the time to actually do personal one on one reviews. When you can our reviews it makes it seem like you don't care or don't know what we are doing. Trust me, my review was canned. It talked about the team and hardly referrenced what I've done as an individual. It also recommended that I obtain my license. Well, I've had my license well before I ever started at LPL. These small details tell me you really didn't review ME. Thanks.

    Recommends
    Positive Outlook
    Approves of CEO
  3. Love it here

    • 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 (more than 8 years)

    Pros

    Lots of potential to work remote. More depts are opening up to this and it's great.

    Cons

    Benefits are a little expensive and not as comprehensive

    Advice to ManagementAdvice

    More employee ownership through stock gifts or options. Long-term incentives to stay and see the company do well goes a long way

    Recommends
    Positive Outlook
    Approves of CEO
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  5. IT Support Client Services

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at LPL Financial

    Pros

    Close to home good working environment

    Cons

    1/2 hour lunch long day

  6. 2 people found this helpful

    Short Term Goals Hurting Morale

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

    I worked at LPL Financial full-time (more than 5 years)

    Pros

    Great teamwork, lots of potential for learning new skills, and life-long friends.

    Cons

    Upper management is completely clueless as to what it takes to properly run the infrastructure of this company. Wondering why workstations are out of compliance for Windows patching a few months after they outsourced a good chunk of the IT department is just one example of how clueless they really are.

    Advice to ManagementAdvice

    Outsourcing American jobs is never the answer to raise your stock price in the long run. If you were dissatisfied with the results you were getting, fire the poor performers and higher better employees. Don't lay off an entire IT department to bump up your stock price so upper management can make even more money while the workers just get stepped on..

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. Operation specialist

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

    I have been working at LPL Financial

    Pros

    good opportunity for new graduate to start by learning a lot of new knowledge

    Cons

    compensation is not hire.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. Great Place to work

    • 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 (more than 5 years)

    Pros

    amazing building and amenities, including gym, Starbucks, health clinic and massages! Wonderful co-workers. People really do care about what they do for our reps and each other.

    Cons

    Very limited opportunity for mobility and promotions bring a salary offer that is an insult; but, unless you want to leave the industry you are held captive because there aren't too many other places to go in San Diego with securities licenses.

    Recommends
    Positive Outlook
  9. Good

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

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

    Pros

    Advancement is good. Location is central. Close to the freeway. People are pretty easy to get along with. A good mix of young professionals and experienced people.

    Cons

    I have nothing bad to say about this company. I've had positive memories at this company and plan to come back when I return to San Diego.

    Advice to ManagementAdvice

    Looks good

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

    Good Company

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

    I have been working at LPL Financial

    Pros

    LPL truly cares about its home office employees, reps, and doing the right thing. Senior (executive) manage really does care about providing a combination of shareholder value and a happy/rewarding work-place environment for its employees, FAs, IAs, etc.

    Cons

    LPL needs to manage expenses better from a compliance standpoint with respect to hiring third-party vendors--who take an exorbitant amount of time to manage- to do mindless work. It's just not cost-effective. Also, LPL needs to realize that the home office tech dept. (those who know LPL are very familiar with the acronym) running the show.

    Advice to ManagementAdvice

    Better internal tech support.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 5 people found this helpful

    A great place to work until the outsourcing began.

    • 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 10 years)

    Pros

    Great hard working loyal people with dedication.

    Cons

    Hard work and loyalty doesn't mean anything anymore. Everyone is expendable.

    Advice to ManagementAdvice

    Stop saying "Employer of Choice" if you're going to outsource entire departments impacting people's livelihoods. It's easy to say it's not personal, it's business when you're not being let go.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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