LPL Financial Reviews

Updated September 16, 2014
Updated September 16, 2014
215 Reviews
3.1
215 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
LPL Financial Chairman & CEO Mark S. Casady
Mark S. Casady
109 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.  

    Independent Advisor

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at LPL Financial

    Pros

    Flexibility, resources and compensation. Some members of top leadership are world class.

    Cons

    Quick growth has bred some bureaucracy.

    Advice to ManagementAdvice

    Settle in and streamline. Commit to retirement partners with some talent from within.

  2.  

    Good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - .NET Developer  in  Boston, MA
    Former Employee - .NET Developer in Boston, MA

    I worked at LPL Financial as a contractor for more than a year

    Pros

    good treatment. friendly, happy, smart people.

    Cons

    low pay, not at good location, have colder cubes.

    Advice to ManagementAdvice

    You guys are doing great

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 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
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  5. 2 people found this helpful  

    This place sucks

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

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

    Pros

    Management is terrible so you can get ahead if you're a pretty girl or suck up constantly. They are constantly getting rid of good employees, so you won't have to work there for long.

    Cons

    EVERYTHING! Pay is terrible, people are horrible, management is a joke. The CEO is an idiot and freely admits it.

    Advice to ManagementAdvice

    Employees drive your business, they are the ones that provide your clients with services. Treat them as your number one focus and your clients will follow. Also, get your heads out of your behinds.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    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
  7. 2 people found this helpful  

    After spending many years at LPL from pre-IPO to post-IPO, I found the employee satisfaction greatly worsening

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

    I have been working at LPL Financial full-time for more than 5 years

    Pros

    LPL has a great group of very smart and knowledgable people

    Cons

    LPL treats its employees, at all levels, as merely workers who need to get the work done no matter what. There is no emotion, no feelings, no consideration for how the staff members are doing. Its a tough place to work, and the technology and compliance with their model struggles tremendously.

    Advice to ManagementAdvice

    Learn to treat your valued and dedicated staff resources with respect, honesty and compassion; and, they will in-turn, help the firm to flourish and prosper without question!

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Company really needs a management change

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

    I have been working at LPL Financial as a contractor for more than a year

    Pros

    -25 cent sodas
    -Decent pay; that's actually being kind

    Cons

    -Favoritism by management; some managers let certain employees who are underperforming get away with everything and are critical to ones who complete the duties as assigned

    -Need a better system os training; should not be dependent on temps since they will not be there a couple of months later

    Advice to ManagementAdvice

    Act like management and not a high school clique. Also, executives needs to be more in touch with the departments they oversee instead of spending most of the day in meetings.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Great company, tremendous growth

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

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

    Pros

    Upper management has more recently started focusing more on employee satisfaction. We have a brand new tower that is completely "green". Additionally, they have an onsite gym, cafeteria and game room. They also have good medical, dental and life insurance benefits and provide 2 days a year for volunteer time off.

    Cons

    Outsourcing has become more prevalent. There is a lack of communication within the management team and across various groups which leads to delayed decisions.

    Advice to ManagementAdvice

    You've made great improvements with employee morale. Please continue to invest in systems.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Financial Advisor

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor  in  Boston, MA
    Current Employee - Financial Advisor in Boston, MA

    I have been working at LPL Financial full-time for more than a year

    Pros

    Great Broker Dealer. Great company.

    Cons

    No negatives; this is an excellent organization.

  11. 1 person found this helpful  

    Watch your back...

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

    I have been working at LPL Financial full-time for more than a year

    Pros

    25 Cent sodas (for those who drink it)

    Cons

    Very political, management would sell their own mother to get ahead. Fast paced, but so fast they miss the point. Constant turmoil and only those that do not take risks (in other words hide from responsibility) appear to survive.

    Advice to ManagementAdvice

    Wake up and realize that you are like hamsters in wheels

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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