Supervisor - Anonymous employee LPL Financial Employee Review

2.0
Sep 2, 2012
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Convenient location, good medical benefits, and had the privilage of working with an exceptional group of people that brouugh positive energy

Cons

Too many know nothing managers better suited for retail than a brokerage firm. Promotional opportunities are far and few between; awarded to the best connected rather than the most competent. Compensation is for the most part based on seniority and not ability. Someone having spent a decade in the same job, performing the same menial tasks will make more than an individual performing the duties of two people and engaging in more challenging activities because they're one of the few people competent enough to do it. Staffing levels are slim resulting in overworked, stressed, and employees eager to leave the company should the opportunity arise. Outsourcing to india compounded many of these issues. Upper management badly miscalculated what they were capable of and the advisors are paying for it with delays, reduced quality, and irritated clients.The indian partners dropped the ball right out of the starting gate and cant seem to hold on to it long enough to justify their role outside of the gains being made in reduced payroll costs which have been cancelled out by liabilities/losses incurred by them. The qualititve costs are far worse

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.

1.0
Jul 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Competitive pay — Compensation is solid compared to industry averages. • Pockets of good people — There are teams with genuinely decent, hardworking individuals trying to do the right thing. • Occasional bright spots — A few groups operate professionally despite the broader culture.

Cons

Retaliation everywhere — Speak up and you’re targeted. • Fabricated reviews — Feedback is made up to justify punishment. • Toxic cliques — Closed circles run the place and crush anyone outside them. • Hostile leadership — Belittling and aggression are normalized. • Politics over skill — Competence is irrelevant; alliances decide everything. • Fear‑driven culture — Employees stay silent because retaliation is guaranteed. • Hypocrisy everywhere — You’re excluded, then blamed for not being involved. • Values are a façade — The company talks integrity but operates on intimidation.

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