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LPL Financial

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LPL Financial

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LPL Financial Reviews

Updated Aug 3, 2021

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Found 966 of over 1,123 reviews

3.7
70%
Recommend to a Friend
87%
Approve of CEO
LPL Financial CEO Dan Arnold
Dan Arnold
257 Ratings
Pros
  • "Great people, great work-life balance,(in 42 reviews)

  • "Overall, casual work environment(in 32 reviews)

  • Cons
  • "Diversity in upper management is definitely an issue(in 24 reviews)

  • "Drive home takes forever but its San Diego so what do you expect(in 17 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Ratings by Demographics

    This rating reflects the overall rating of LPL Financial and is not affected by filters.

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    1. 5.0
      Current Employee, more than 8 years

      High-growth company

      Aug 2, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great place to grow a career, lots of opportunities to shape new programs and create new things

      Cons

      Really fast pace, company’s aspirations for growth and market share not totally aligned to how it resources teams

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    2. 3.0
      Former Employee, more than 3 years

      Not awful, but not great

      Jul 1, 2021 - Marketing Consultant in San Diego, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The biggest thing that kept me at LPL for so long was the great culture and people. Sure, there's always one or two who are a tad difficult, but for the most part everyone in the trenches are supportive, friendly, and encouraging. It seems to be the kind of company that allows opportunities for growth for those who want it. But if you just want to show up and do the bare minimum, that works too.

      Cons

      I've never seen entire departments filled with so many burnt out people. The business is growing rapidly and has had a couple big wins over the past year or so, but pay seems to remain stagnant for the peons. The company is toeing the line of toxic positivity, trying to boost morale with branded stuff mailed to our homes and say they are doing a compensation overhaul, but they've been saying that for well over a year, and nobody that I have talked to has seen improvements or boosts outside of the measly 2-3% merit increases you 'might' get.

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      4 people found this review helpful
    3. 4.0
      Current Employee

      Good support but losing focus lately

      Aug 2, 2021 - Financial Advisor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      great support for financial advisors, independent model for advisors, plenty of resources, and advisors are the company's top the priority

      Cons

      they have been losing focus on providing great service to their advisors and have been focusing more on M&A of big teams lately. Service and technology has lacked in the past couple years when it matters most.

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    4. 4.0
      Current Employee

      A Great Place To Work

      Aug 3, 2021 - AVP-Operations in Charlotte, NC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Keeps advisors at forefront of action plan Working on improving employee experience, culture Great benefits

      Cons

      Low salaries for frontline employees Minimal people of color in leadership Too much work per employee

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    5. 5.0
      Former Employee, more than 8 years

      Great Culture

      Jul 28, 2021 - Research Analyst in Boston, MA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The culture is great and the people are great. LPL does a great job of setting expectations around accountability and working as a team with a common goal. People crave ownership at LPL whereas other companies I've worked at people crave handing-off work. They do a great job of hiring the right people.

      Cons

      In general, the pay is not very competitive and the talent pool is dramatically underpaid in aggregate. This causes a lot of good talent to look elsewhere when they should be compensated for their work.

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    6. 4.0
      Former Employee, more than 1 year

      Great company

      Jul 30, 2021 - Service Professional in Fort Mill, SC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great company values Great benefits A lot of training to help prepare for the role Fast pace Excellent opportunities to grow

      Cons

      Heavy call volume Meeting metrics can be hard Dealing with angry advisors, you will need to learn how to de-escalate

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    7. 4.0
      Former Employee, more than 1 year

      Working at LPL

      Jul 28, 2021 - Senior Specialist in Fort Mill, SC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Constant room for cross training. Meet amazing people. Cafe was pretty good. 401k match was great!

      Cons

      Lack of career growth. They push for cross training but impossible or rare to get out of your department. Low salary compared to other financial companies.

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    8. 5.0
      Current Employee

      Review

      Jul 30, 2021 - Senior Operations Specialist in Fort Mill, SC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Benefits, communication, culture, periodically updates,

      Cons

      Inter departments communication is not as fluid, drastic changes within departments with little to no communication before changes to other department.

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    9. 1.0
      Former Employee, more than 3 years

      Care for Employees is Poor

      May 27, 2021 - AVP-Operations in Fort Mill, SC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Promote Internally with good opportunities for advancement if you work hard. Nice Office Space, Nice Cafeteria

      Cons

      Hidden costs in 401K fees, Hidden policies in LTI Bonuses

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      3 people found this review helpful
    10. 5.0
      Current Employee

      ,

      Jul 29, 2021 - Financial Advisor in Bellingham, WA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      many resources and lots of departments available for trainings

      Cons

      so big they don't have one on one service with advisors

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    Viewing 1 - 10 of 966 Reviews

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