LPL Financial - Not a bad place to start | Glassdoor
There are newer employer reviews for LPL Financial
There are newer employer reviews for LPL Financial

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Helpful (1)

"Not a bad place to start"

Star Star Star Star Star
  • 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
Doesn't Recommend
Positive Outlook
Approves of CEO

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

Pros

A lot of friendly coworkers

Cons

You might be rotated to different teams often and it is hard to move up in the company.

Other Employee Reviews for LPL Financial

  1. Helpful (6)

    "Decent place to work, depending on your department, and direct management"

    Star Star Star Star Star
    • 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
    Disapproves of CEO

    I have been working at LPL Financial full-time (More than 8 years)

    Pros

    LPL has an above average 401K lineup, and the benefits are pretty good.
    It is a great place to build a base knowledge about the industry, and the potential for an upward career path.

    Cons

    It has been frustrating with the people that get promoted into Manager, AVP, and VP positions. Although they may have the technical knowledge, too many have almost no understanding of what it takes to be a great manager of people. At the same time, this may be because being a manager of people is an acquired skill, which takes not only time, but a desire to learn. And if there is no incentive to try to get the best out of your employees, eventually they become disengaged. Also, almost everyone seems to be paid below average for the industry, and raises for the majority are 2% per year. It takes an act of God to get more than this. Lastly, since the major outsourcing initiative was announced in February, which is still pending, the morale in the affected departments is noticeably low. All in the name of improved efficiency and expense management. But such is the world of capitalism.

    Advice to Management

    It will be interesting to see how you treat the employees who remain and don't get outsourced. The longer this environment exists, the more that good talented employees who have been with the company for a long time will be looking to leave. Also, giving a 2% raise for top performers that are in the middle of their comp ratio provides absolutely no incentive to work hard. You should revisit this, as it is quite the disincentive to get the most out of your employees.


  2. "Lots of tedious work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern in Irvine, CA
    Former Intern - Intern in Irvine, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at LPL Financial as an intern (Less than a year)

    Pros

    Have an opportunity to get some experience on the wealth management industry.
    Learn a multitude of different ways to succeed as a financial planner.

    Cons

    Lots of delegation to busy work
    Not a lot of room for growth
    Working environment is very dry and boring


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

See Most Recent

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