LPL Financial Reviews

Updated August 27, 2014
Updated August 27, 2014
214 Reviews

3.2
214 Reviews
Rating Trends

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

Review Highlights

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

  • It is a great place to learn the business depending on your desire and direct manager (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 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good

    • 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

    Friendly work environment; great perks

    Cons

    None at the current moment

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Ok

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Administrative Assistant  in  Hartford, CT
    Current Employee - Administrative Assistant in Hartford, CT

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

    Pros

    Advisors were dedicated to their work

    Cons

    Home office support needs more training

    Advice to ManagementAdvice

    n/a

    Doesn't Recommend
    Negative Outlook
  3.  

    Does not support CPAs who are also financial advisors

    • 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 full-time for more than a year

    Pros

    Product offerings are diverse and not exclusive so can compete easily. People and software help you to select a fitting product for the client.

    Cons

    CPAs need to issue engagement letters and LPL will not approve them as they can conflict with LPL account agreements. The commissions by client are understated for life insurance, making it difficult to disclose an accurate total commission to the client, another CPA requirement.

    Advice to ManagementAdvice

    You are not going to have any compliant CPAs at LPL if you do not support what they need to comply with.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Financial Services Intern

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

    I worked at LPL Financial as an intern for less than a year

    Pros

    If you're want a career in as a Financial Services then this place is decent. Make some connections
    Training is awesome they will tell you about the investments options
    Start with the basics and tell you things that other advisors don't know

    Cons

    Cold Calling can be hectic
    They give you high priority if you know high net worth candidates, can be pro or con depending on how you look at it
    No Pay

    Recommends
    Approves of CEO
  6.  

    Great company

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

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

    Pros

    Excellent benefits
    Management truly cares about employees
    Opportunity for growth
    Competitive salaries
    Beautiful facility in UTC area

    Cons

    Some managers don't really know how to work with people or manage effectively.

    Advice to ManagementAdvice

    Assess those managers who aren't effective; either terminate their positions or make them individual contributors.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Very satusfying

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at LPL Financial

    Pros

    LPL Financial is a family oriented company.

    Cons

    There are no cons to share at this time.

  8.  

    no professional trainning

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at LPL Financial

    Pros

    can't find...perhaps closed to where I live..

    Cons

    waste time...no professional training and treated unjust.

  9.  

    Worst place ever, I regret the day I walked in to that office

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

    I worked at LPL Financial full-time for more than a year

    Pros

    NOT WORTH MY TIME AND CONSIDERATION

    Cons

    Bad Management, no people skills, poor customer service, treat employees like dirt. poor judgement, management is stupid!!

    Advice to ManagementAdvice

    START OVER FROM THE TOP DOWN

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 3 people found this helpful  

    Operational nightmare & poor integrity of recruiters and upper management

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

    I have been working at LPL Financial full-time for more than 8 years

    Pros

    decent health benefits, many decent people, decent facilties (nice lounge area, very good cafeteria, Starbucks in lobby, gym, pinball machine).

    Cons

    poor pay, limited mobility (and when you do apply for an internal job, whether you receive a response is completely arbitrary), terrible operations processes (rampant outsourcing---the smallest tasks are handled incompetently), constantly putting out fires, the recruited advisors are made promises that are not kept.

    Advice to ManagementAdvice

    Reduce outsourcing, focus on employee retention to create skilled workers.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Company has potential

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

    I worked at LPL Financial full-time for more than a year

    Pros

    You can learn a lot, but you have to take the initiative (as it should be).

    Cons

    A lot of lip service to developing employees, but no real follow through.

    Advice to ManagementAdvice

    Follow through on the promises made when you're trying to get an employee to accept your offer.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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