Toxic environment with high turnover and poor management - Really Doesn't Matter LPL Financial Employee Review

1.0
Apr 11, 2026
Recommend
CEO approval
Business Outlook

Pros

None. Worse place I've ever work for.

Cons

I have decades of experience in the financial industry. I have NEVER seen anything so dysfunctional as LPL. So toxic 80% of my team walked after less than 1 yr and those that stayed are looking for other employment. Systems are dinosaurs, management is pathetic, revolving door for employees, I see not so good thing in the future for this company. The abuse of employees alone may be their downfall. Very unhappy advisors.

Explore other reviews about LPL Financial

5.0
May 27, 2026
Recommend
CEO approval
Business Outlook

Pros

I loved my internship here. It was very immersive and everyone was very kind and supportive. Loved the team I worked with.

Cons

Could have been a bit more to do.

2.0
May 23, 2026
Recommend
CEO approval
Business Outlook

Pros

LPL Financial offers a flexible hybrid work model, which is one of the better aspects of the company. Managers are generally not overly strict about specific in-office days, giving employees some flexibility in managing their schedules.

Cons

Work-life balance is a major challenge. Weekend release work is common, often averaging two weekends per month, yet there is no overtime compensation. Employees are essentially expected to work a full workweek plus weekends when needed, which has contributed to high turnover on some teams. The culture can also feel harsh and impersonal. Leadership rarely expresses appreciation or recognition for employee contributions, which negatively impacts morale. Some managers come across as cold or overly task-focused, creating an environment where employees feel valued only for output rather than as people. There also appears to be a lack of trust between employees and leadership. Many teammates do not seem confident that leadership understands or genuinely addresses their concerns. Overall, morale feels low, and recognition for strong performance appears limited.

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