LPL Financial - Good tech... No No Leadership... So So Management | Glassdoor
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There are newer employer reviews for LPL Financial

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Helpful (1)

"Good tech... No No Leadership... So So Management"

Star Star Star Star Star
Former Employee - Anonymous Employee
Former Employee - Anonymous Employee
No opinion of CEO

Pros

Technology up to date. Talented Individuals.

Cons

Too much political spin and not enough straight talk.
Few leaders and alot of managers inhibits aggressive moves to improve.

Advice to Management

Be honest with your employees. They know the truth anyhow...

Other Employee Reviews for LPL Financial

  1. Helpful (1)

    "Too many new people, not enough experience"

    Star Star Star Star Star
    Current Employee - Sales Assistant
    Current Employee - Sales Assistant

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

    Pros

    Largely recognized name, lots of investment options and stable company

    Cons

    Ever changing forms which make it difficult to navigate the resource center, lack of knowledge and high turnover on service 360 teams, lack of communication between departments. The alternative investment dept is a nightmare.

    Advice to Management

    Create routine processes, communicate efficiently and train adequately


  2. Helpful (7)

    "From a long time LPL vet, awful company to work for. Avoid at all costs."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at LPL Financial full-time (More than 10 years)

    Pros

    You can rise through the ranks of this company with very little expertise (show up and don't make mistakes) and earn a moderate salary. However, even the pay is not consistent with other wall street firms. (See cons below for why)
    The bar is set very low here.

    Cons

    LPL pays it's advisors the highest payout in the industry. This is not done through innovation or technology advantages, it's done through cutting regulatory corners, outsourcing critical business functions and paying low wages to everyone from executives to front line staff. (Thus often attracting a lack of expertise in key roles). LPL's customer facing technology is out dated.

    Management is aloof and the culture is one of blame and never ending crisis. (It's always a crisis for the above reasons, money isn't invested in smart ways and corners are cut across the board)

    Advice to Management

    -

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

See Most Recent

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