LPL Financial Reviews | Glassdoor

LPL Financial Reviews

Updated June 22, 2017
507 reviews

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Full-time Part-time

3.2
Star Star Star Star Star
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LPL Financial CEO Dan Arnold
Dan Arnold
17 Ratings

507 Employee Reviews

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Pros
Cons
  • Drive home takes forever but its San Diego so what do you expect (in 16 reviews)

  • Even Upper Management gets disgusted with the way this area is run (in 14 reviews)

More Pros and Cons

  1. "Office"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Manager in Sebring, FL
    Current Employee - Operations Manager in Sebring, FL
    Recommends
    Positive Outlook

    I have been working at LPL Financial full-time (More than 3 years)

    Pros

    Relaxed atmosphere, creative business, not dollar driven but makes money on integrity. Thinks beyond traditional broker, highly motivated owner. Great place for personal growth.

    Cons

    Highly regulated business, a lot of continuing education. Ever changing regulations. Market volatility and client hand holding with clients to help them understand investments.

    Advice to Management

    Delegate more to grow business. Owner is very hand on and like to have control of all aspect of the business and clients.


  2. "Vanilla Corporate Gig"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in Rockville, MD
    Former Employee - Software Engineer in Rockville, MD
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at LPL Financial (More than a year)

    Pros

    Nothing was ever too difficult.
    Internal tech wasn't the lifeblood of the operation so it was relaxed.

    Cons

    LPL is scared of robo-advisors, and for good reason.

    Advice to Management

    Try and create new value in the space that isn't in your current offering.

  3. "Not a bad place to start out"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in San Diego, CA
    Current Employee - Analyst in San Diego, CA
    Neutral Outlook
    No opinion of CEO

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

    Pros

    - Friendly staff
    - Very nice amenities (gym, showers, cafeteria, etc.)
    - Good work/life balance
    - Opportunities are available to improve processes and work projects

    Cons

    - Compensation is low compared to industry
    - Bureaucratic system makes change difficult to enact
    - Limited career advancement
    - Industry is stagnating


  4. "Good Place to start your career, but dont stay too long"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Service Center Representative in San Diego, CA
    Former Employee - Service Center Representative in San Diego, CA
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    Lots of people to hang out with around your age.

    Cons

    Not fulfilling work and lack of flexibility with schedule.

    Advice to Management

    Pay more


  5. Helpful (2)

    "LPL Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Anay in Fort Mill, SC
    Current Employee - Associate Anay in Fort Mill, SC
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Career Advancement, Culture and Amenities at the new office in SC

    Cons

    Lack of transparency - Sometimes they don't do a good job of answering questions

    Advice to Management

    N/A


  6. "Great company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Service Center Associate in San Diego, CA
    Former Employee - Service Center Associate in San Diego, CA

    I worked at LPL Financial full-time (More than a year)

    Pros

    Structured, professional, great work/life balance

    Cons

    Entry level, hard to get promoted


  7. "What you would expect"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Cost Basis in La Jolla, CA
    Former Employee - Cost Basis in La Jolla, CA

    I worked at LPL Financial full-time (More than a year)

    Pros

    Pros to this company include:
    - ability to work independently
    - flexible hours as long as you put the required amount of time in
    - good location

    Cons

    - compensation seemed below market
    - little opportunity for advancement
    - only exposure was to direct management

    Advice to Management

    Flatten the corporate structure to increase exposure and provide more opportunity for employees.

  8. "AVP - Marketing Regulatory Review"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at LPL Financial full-time (More than 3 years)

    Pros

    Benefits and flexibility. I worked for a great team for the first 2 years of my time at LPL, then management changed. If you get in with a great team and managers, LPL is a great place to work.

    Cons

    New management of dept has no legal or chief compliance officer experience and are severely lacking in subject matter expertise required for their roles. Years of experience, in their opinion, can be taught in 2 months as they hire people who have never worked in a specialized area of compliance. It was the first time in my career that a lawyer or CCO was not my boss.

    Advice to Management

    Compliance Officers with legal backgrounds and years of experience in specialized areas of compliance should be managing large compliance teams.


  9. "LPL"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Operations Specialist in San Diego, CA
    Current Employee - Senior Operations Specialist in San Diego, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at LPL Financial (More than 3 years)

    Pros

    work life balance is a pro. the employees and culture is good. the building is good and has a nice gym. ergonomic cubicles

    Cons

    the growth of LPL may be a con especially in San Diego. They are hiring heavily in Fort Mill and letting go of San Diego employees. Also our platforms are outdated. Pay can be better

    Advice to Management

    There is really good management but it depends on the management style. Look to help employees by providing coaching and advice for future opportunities. Also its a financial firm, pay for employee licenses


  10. "Service professionals"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Service Professional in Fort Mill, SC
    Former Employee - Service Professional in Fort Mill, SC
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at LPL Financial full-time (More than a year)

    Pros

    Lpl Financial had really great benefits and perks. They have relocated to Fort Mill SC and the scenery and amenities in my opinion no one can compare. The training that is provided they try their best to make sure that you are well equipped. There will be situations that you have not experienced, but everyone learns something new everyday.

    Cons

    They have been known for their reaction time to be behind a major event or change. I feel the key would be to be more preventive which they are trying to acheive.

    Advice to Management

    With the training it would be best to have the team leads or service professionals break it down.


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