Was good until Victor Fetter shipped my job to India - IT Professional LPL Financial Employee Review

1.0
Nov 10, 2015
Recommend
CEO approval
Business Outlook

Pros

Good people on my team. Nice building in San Diego.

Cons

Victor Fetter (CTO) was hired and he immediately outsourced 75% of the IT services. I understand business is business, but LPL made us train our replacements! Not cool. They gave us the option: "You train them, or you're fired". Oh, thanks. The pay increases were a joke. Health benefits were expensive. They don't offer eating utensils, cups, etc.. All in all, things were MUCH better before LPL went public and when Chris Feeney was the CTO. Victor Fetter was smiling and laughing as he announced to 200+ people that they were losing their jobs.

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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