Management and compliance are awful. - Financial Advisor LPL Financial Employee Review

2.0
Jan 27, 2011
Recommend
CEO approval
Business Outlook

Pros

It is fine if you want a place as an independent with comparable compensation with other independents.

Cons

Compliance is awful. I have been an advisor for 19 yrs, I have never received even one complaint. My production is in the 600K level, My business is almost exclusively wrap accts where i charge a max 1 percent per yr. Compliance badgers you over picayune stuff . They nickle and dime you on fees. You need a forensic accountant to analyze your production payout sheets. I have an MBA from a top 20 B- School and abhor having to deal with it. I feel like i was not being compensated for all of my wrap fees.

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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