LPL Financial Reviews

Updated August 27, 2015
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3.3
Rating Trends
Recommend to a friend
Approve of CEO
LPL Financial Chairman and CEO Mark S. Casady
Mark S. Casady
149 Ratings

Pros
  • I also notice that if there are ever times when I need the flexibility to work from home for work-life balance reasons, it's never an issue (in 6 reviews)

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

Cons
  • lack of communication between home office and brokers (in 6 reviews)

  • Home office support needs more training (in 8 reviews)

More Pros and Cons

307 Employee Reviews

Sort: Popular Rating Date
  1. Good benefits and work environment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Compliance Specialist in San Diego, CA
    Current Employee - Senior Compliance Specialist in San Diego, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at LPL Financial (More than 5 years)

    Pros

    Our new work environment is great. I enjoy being able to come in, do my job, and go home. I don't feel micro-managed and there is a ton of new opportunity here.

    Cons

    The pay could definitely be better!

    Advice to Management

    Higher pay for good employees will ensure that they stay on with LPL.


  2. Helpful (1)

    Yea

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Systems Engineer in Charlotte, NC
    Current Employee - Systems Engineer in Charlotte, NC
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at LPL Financial full-time

    Pros

    It's OK would do it again.

    Cons

    Have to type five words.


  3. awesome company with perks

    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Specialist in Charlotte, NC
    Current Employee - Operations Specialist in Charlotte, NC
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at LPL Financial full-time

    Pros

    Flexible schedule, opportunity for advancement and career development, location, benefits and employee rewards and recognition

    Cons

    difference in treatment of CA and NC employees, moving to SC, rapidly changing company that can throw some people for a loop if the do not adjust well to change

    Advice to Management

    start committees to support and encourage your employees all around and create an environment of inclusion and appreciation


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  5. Definately worth a look

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Great array of resources, research department quality is excellent

    Cons

    Compliance can be quite stringent


  6. Great place to learn and expand financial horizons

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Practice (Business) Manager/Marketing Director in Kansas City, MO
    Current Employee - Practice (Business) Manager/Marketing Director in Kansas City, MO
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great programs and software to build your book of business, like Branchnet

    Cons

    None that I can think of....

    Advice to Management

    Keep up the good work:)!


  7. Helpful (3)

    Started off great...going downhill

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Diego, CA
    Current Employee - Anonymous Employee in San Diego, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    The new building in San Diego is great, nice to have a subsidized cafe, free gym, health clinic is probably the best amenity. Standing desks are awesome, and health benefits are good. But all those shiny things are starting to become very dull.

    Cons

    Love the open office concept but it doesnt help with collaboration at all. As each month passes I think our group gets more and more silo-ed. When going through the hiring process they try to lure you in with all the *perks* instead of giving you the salary you deserve, and these things aren't worth making less money. Especially since the raises they give are absolutely PATHETIC. It is almost a slap in the face. And don't even think about getting promoted. Long story short, LPL has the potential to be great. They strive to be an employer of choice, but the only choice they are helping me make is the choice I recently made to start looking for a new job - its the only way I will continue to further my career and make more money.

    Advice to Management

    Evaluate the average turnover and the cost it creates - I have a feeling that if you increased raises to more than a measly 1% and stayed competitive, people would want to stay at LPL and turnover costs would be much less.


  8. Good company, fast pace.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook

    I have been working at LPL Financial full-time (More than 5 years)

    Pros

    Good people, good business model. Still a lot of growth potential.

    Cons

    A little too fast, could be more balanced and thoughtful.


  9. Tech Support

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

    I worked at LPL Financial (Less than a year)

    Pros

    Good people, hours and location

    Cons

    It was a contracted job so once expired I was out of work.


  10. Financial Advisor

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Independence, ability to minimize expenses and company overhead costs associated with wirehouses. Half the clients, half the assets, half the headaches, no constant pay grid wirehouse changes. 90bps payout to start vs. wirehouse keeps 50%+ for that fancy office.

    Cons

    Still pay for a lot of BS just not as bad as with wirehouse firms

    Advice to Management

    Stop finding ways to increase advisor expenses for shareholders. You will get more people on board.


  11. Processer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operation Specialist in San Diego, CA
    Current Employee - Operation Specialist in San Diego, CA
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at LPL Financial full-time

    Pros

    Great company. Very laid back and great managers.

    Cons

    The work can become mind numbing.

    Advice to Management

    Require college degrees



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