Linsco/Private Ledger Reviews

Pros

It is a pretty easy firm to recruit for.

Cons

Knee-jerk style of executive eadership.

Pros

When the company first moved to the Charlotte area, it was a great company to work for, then the company started merging and the opportunities became fewer and far between.

Cons

The management staff does not do a good job of coaching for career development. The advancement opportunities only go to the employees who are the favorites and not for the ones who are qualified to do the job.

Advice to Senior Management

The management staff needs to work more on career employee opportunities.

Pros

Good pay and very chalenging

Cons

Early hours, company plaza's are spread out

Advice to Senior Management

Company operates smoothly

Pros

You are left completely alone

Cons

LPL has a great concept built by previous management. It is now run and executed by people who have little or no industry knowledge and whose only desire is to line their own wallet

Advice to Senior Management

Management is so far in over their head - i do not believe their is a chance of recovery without sweeping management changes. I think mark may have a clue but he is surrounded by very little talent

Pros

Low fees, decent technology, complete freedom to sell any product. Great alternative investment selections. No management interference. Good compliance support.

Cons

Unrecognizable name on resume in industry and to clients. Home office support could be a lot better. No real time option quotes.

Advice to Senior Management

Look into more advanced trading software. Go public and award stock options. Develop a better retention bonus program. Advertise a bit more.

Pros

laidback environment
good opportunity for learning and experience
not much micromanaging, more focused on end-result

Cons

many busy work included
too little supervision

Advice to Senior Management

Should provide more company-wide events to promote company spirit and develop employee relationships.

Pros

The ability to invest in every available financial product. Early in my career, in was limited to a handful of mutual funds. LPL allows me to further help my clients achieve their financial goals.

Cons

LPL is getting bigger and bigger. That may seem like a good thing, but sometimes support may not have the information I need.

Advice to Senior Management

We need to train our support a little better. There are times I call in twice or three times to ensure I have the correct answer for a particular problem.

Pros

Entry into financial services industry. Work in an office, good benefits. Potential stock options for promised IPO that will happen "someday".

Cons

Limited career possibilities, limited income potential.

Advice to Senior Management

Senior management has changed a lot from the group that built LPL over the past 20 years to the group that runs the company today.

Pros

The benefits and the pay are the best reasons to work at Linsco/Private Ledger.

Cons

The company cares very little about your personal progress and development.

Advice to Senior Management

Senior management should introduce themselves to the employees.

Pros

LPL is a growth company among their peer group. They have experience 3 times growth over the last 3 years and should continue to grow following the 2009 recession. LPL as a firm is positioned to grow their independent model and RIA model by focusing their efforts on the recruitment of this space in 2009 and beyond.

Cons

With the expansive growth over the last few years LPL has experienced the normal output from Mergers and Aquisitions. The rapid growth has required fast paced hiring practices in the 2007 and 2008 timeframes which has resulted in low employe tenure and training issues.

Advice to Senior Management

Look for opportunities to promote from within for executive level positions.