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LPL Financial Reviews

Updated January 17, 2018
546 reviews

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3.1
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Approve of CEO
LPL Financial CEO Dan Arnold
Dan Arnold
36 Ratings

546 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "LPL Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Privacy Analyst in Fort Mill, SC
    Current Employee - Privacy Analyst in Fort Mill, SC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good Hours, Great Management Team

    Cons

    The compensation could be better,


  2. "Great place to grow"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at LPL Financial full-time

    Pros

    Room to grow and switch departments, great 401k and parental leave policies

    Cons

    Technology is behind other competitors

  3. "Executive"

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

    I worked at LPL Financial full-time

    Pros

    Very nice location and building

    Cons

    Very political and you have to watch your back

    Advice to Management

    Where are the women executives?


  4. "Firm that clears through LPL financial"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Plz note: im a CSA with a firm that clears through LPL financial. Csa’s of these types of independent Broker Dealer firms can make a wide range of income depending on how successful the advisors in their group are/ how big their advisor group is/ how much AUM they have, etc.

    Cons

    The tech they use has a lot of kinks - they switched platforms recently and the new platform really needs to be worked out better

    Advice to Management

    Invest more in perfecting the technology


  5. Helpful (2)

    "Team Lead"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Team Leader in Fort Mill, SC
    Current Employee - Team Leader in Fort Mill, SC
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Great campus to enjoy with co-workers
    Wonderful co-workers which feels like family

    Cons

    Inadequate management
    Management are not held accountable
    Micromanagement

    Advice to Management

    Respect your tenure people
    Appreciate tenure people
    Gain skill outside of LPL which is management classes


  6. Helpful (3)

    "Heavy micromanagement, mediocre leadership, high turnover..."

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

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

    Pros

    Benefits and Routine Time Off policy are decent. Nice campus. Relatively relaxed work space, cafeteria, flexible hours. The ability to work in private choice rooms is nice, as well.

    Cons

    High manager turnover, mediocre leadership, severe micromanagement. Inconsistent expectations, and poor prioritization and time management skills on part of supervisors. Much of their "busyness" is self - generated as a result of their needing to control every aspect of their direct reports' workflow/ processes. Kind of a "Wild West" scenario where no one really seems to know what's going on, and new "leaders" dismantle prior leaders' initiatives and change things in order to make their own marks before they also leave... causing the whole process to start again: Wash. Rinse. Repeat.

    Advice to Management

    Allow your seasoned professionals to do their jobs without needing to have your hands on every aspect of it. Don't tie their hands and feet together, then ask them to run. Provide leadership training that wards against being a micromanager. Acknowledge the talent from within with regard to finding good supervisors.


  7. "Lead Ops Specialist"

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

    I have been working at LPL Financial full-time

    Pros

    Great Employee Engagement is good

    Cons

    Below normal salaries compared to others

  8. Helpful (1)

    "Ba"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at LPL Financial full-time

    Pros

    Facilities, people, food, management

    Cons

    30 min lunches, phone calls, hours, culture


  9. Helpful (2)

    "Run Far Away - Skills Will Lag Here"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Technology Manager in Fort Mill, SC
    Current Employee - Technology Manager in Fort Mill, SC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    You get as much soda as you want to drink free.

    Cons

    This place is so far behind the times that your skills will diminish as you sit around and do lots of manual task. You will spend your time doing pointless stuff because they do not want to spend the money on upgrades. The technology standards and status is what a company would be from the 90's. They are even using outdated computer systems. This is by far the worst company I have ever worked for. They also are laying people off left and right. They advertise unlimited vacation and great work life balance. It does not exist. The unlimited vacation, you are lucky to get two weeks. There is very little upward movement. Everyone comes in new and leaves within a couple years. Also your manager will go through every email and every communicator message you send on a daily basis.


  10. "Great technology platform. Knowledgeable back office personal."

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

    I worked at LPL Financial full-time

    Pros

    Good payouts. Great technology. Unbiased access to many products.

    Cons

    Sub-par trading desk. Lack of pushing investment ideas.

    Advice to Management

    Build an active trading desk for fixed income and global equities.


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