LPL Financial - It'll do for now. | Glassdoor
There are newer employer reviews for LPL Financial
There are newer employer reviews for LPL Financial

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Helpful (4)

"It'll do for now."

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in San Diego, CA
Current Employee - Anonymous Employee in San Diego, CA
Doesn't Recommend
Neutral Outlook
Approves of CEO

I have been working at LPL Financial full-time (More than a year)

Pros

Benefits are good, and the cost is low compared to other employers. For the most part, teammates are good people and fun to work with. Tons of online training materials to learn about other departments in the firm. Growth potential if you have what it takes and are able to meet people outside of your unit bubble. Advancement opportunities given to employees that were impacted by offshoring initiative (versus being kicked to the curb).

Cons

Idle employee moral crushed once offshoring was announced, even in departments that were not impacted. Oversaturated management structure. Cancel the meetings and put them to work. While they do appear to be "trying", employee engagement is lacking. You're encouraged to attend offsite events but then pressured to attend when it's clear nobody has an interest in going. Advisors fairly abusive toward employees due to their own mistakes and lack of attention to detail. Although unspoken, the "you wouldn't have a paycheck if we didn't have advisors" is not a mantra that should not be preached.

Advice to Management

"Anonymous surveys" show that you are trying to get a feel for how your employees feel, but there seems to be little to no action taken. There are way too many levels of upper-management that make way too much money, make careless decisions and contribute very little. The "holier than thou" attitude runs rampant and most cannot be bothered to learn something that appears to be below them.

Other Employee Reviews for LPL Financial

  1. "A place to learn."

    StarStarStarStarStar
    Current Employee - Senior Specialist in San Diego, CA
    Current Employee - Senior Specialist in San Diego, CA

    I have been working at LPL Financial full-time (More than 5 years)

    Pros

    Ability to learn about the industry.

    Cons

    Limited opportunities unless you can bring something unique to the group/company.

    Advice to Management

    Promote career advancement at all levels and provide a better compensation structure to retain top talent.


  2. Helpful (2)

    "Many Things Right, But Not Work/Life Balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Charlotte, NC
    Current Employee - Anonymous Employee in Charlotte, NC
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at LPL Financial full-time (More than 5 years)

    Pros

    This company never stands still; leadership is always looking for the next thing to make LPL better, stronger, more efficient. They're making incredible strides at building beautiful new facilities employees can feel proud of and enjoy working in. Coworkers are largely very competent and accountable – LPL hires strong talent. Compensation and benefits are fair to good.

    Cons

    Because of the break-neck speed and crushing workload, this is not the place to be if you're a salaried employee and are looking for work/life balance. You won't find that at LPL.

    The culture isn't fully formed yet (though they're working on it) and feels different depending on your department and area's leadership. In my area, it's both stiff and stifling. They try to make us into Stepford Wife copies of themselves rather than allow people to be individuals.

    This is possibly the hardest, most demanding, most perfection-seeking place you'll ever work.

    Advice to Management

    Recognize internal talent and promote more from within rather than just chasing down "superstars" from other companies.

There are newer employer reviews for LPL Financial
There are newer employer reviews for LPL Financial

See Most Recent

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