LPL Financial Reviews
Updated Aug 3, 2021
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Found 966 of over 1,123 reviews
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"Great people, great work-life balance," (in 42 reviews)
"Overall, casual work environment" (in 32 reviews)
"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)
Ratings by Demographics
This rating reflects the overall rating of LPL Financial and is not affected by filters.
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- Current Employee, more than 8 years★★★★★
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
- Former Employee, more than 3 years★★★★★
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.
Continue reading - Current Employee★★★★★
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.
- Current Employee★★★★★
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
- Former Employee, more than 8 years★★★★★
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.
- Former Employee, more than 1 year★★★★★
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
Continue reading - Former Employee, more than 1 year★★★★★
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.
- Current Employee★★★★★
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.
- Former Employee, more than 3 years★★★★★
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
Continue reading - Current Employee★★★★★
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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