LPL Financial Reviews

Updated April 24, 2015
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Employee Reviews

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  1. 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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

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

    Cons

    compensation is not hire.

  2. 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)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    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.

  3. 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)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    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 Management

    Looks good

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  5. Helpful (1)

    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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

    Better internal tech support.

  6. Helpful (5)

    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)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Great hard working loyal people with dedication.

    Cons

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

    Advice to Management

    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.

  7. Things have improved after some unsatisfactory years

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

    I have been working at LPL Financial full-time (More than 8 years)

    Doesn't Recommend
    Positive Outlook
    Doesn't Recommend
    Positive Outlook

    Pros

    Company is making a strong effort to become an employer of choice and its evident all over the San Diego campus through non-monetary benefits.

    Cons

    The employees overall are underpaid when compared to similar firms.

    Advice to Management

    Keep pushing strongly in the current direction to increase employee engagement.

  8. There are opportunities for growth if you really focus on a particluar area.

    • 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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Location is nice in the new building and the people are friendly. Good room for growth.

    Cons

    Pay is improving but the lower level entry job is below industry average.

    Advice to Management

    Lsten to advice from the work staff which they have been doing the last several years.

  9. Financial Advisor

    • 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 (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    I had worked in Bank Brokerage with two other firms over the last 14 years before moving to LPL as ind. Advisor. So glad I made the switch 90% is much better than 30% at the banks. no presure to sell ceratin products. If there is a bank advisor reading this make the jump to LPL .

    Cons

    None it was truly the best move I ever made.

    Advice to Management

    None

  10. Helpful (2)

    Like all places... good and bad.

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

    I have been working at LPL Financial full-time (More than 8 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    All of my bosses have been good about flexible schedules in regards unexpected events or family emergencies. Work life balance is very manageable. Yes there are bad days where you need to put in 10+ hours but there are also the days where you leave early because it is slow. Moving up isn't that hard if you are smart and work hard. There is a lot of legacy thinking at the firm that makes it easy to shine.

    Cons

    Salary has nothing to do with your talent or value you bring to the firm. Some areas are loaded with AVPs and VPs who all get 100K plus for doing nothing while there are others who are actually running the ship get peanuts. Get in with the right areas and it is a cake walk with little to no responsibility.

    Very little tuition assistance (3K per year). To compare, Commonwealth and US bank do 5K each.

    Advice to Management

    Don't go overboard when something bad happens. Last year LPL thought to focus on risk management (a good thing). However, there is no ownership so we get 2 departments all made of AVPs+ all doing the same thing with neither actually responsible when something goes wrong.

    The Service Center is a joke. Everyone in the firm agrees that they are ineffective yet we continue to throw resources to them. Just walk around sometime and see the number of people on FB, netflix, amazon, etc.

  11. Helpful (2)

    They really don't care about their employees, but they put up a good front!

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

    I worked at LPL Financial

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    awesome benefits and 401K matching

    Cons

    you could be let go at anytime. large company ready to gobble up small companies and spit out their employees onto the street.

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