LPL Financial Reviews | Glassdoor

LPL Financial Reviews

Updated April 22, 2018
571 reviews

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3.1
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LPL Financial CEO Dan Arnold
Dan Arnold
48 Ratings

571 Employee Reviews

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Pros
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More Pros and Cons

  1. "Financial Advisor"

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

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

    Pros

    Flexibility and High reward

    Cons

    Commission Based Compensation/ Regulation


  2. "Mixed bag"

    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 (More than 5 years)

    Pros

    Great benefits, great community involvement, relatively flexible work schedules

    Cons

    Pockets of mismanagement that stunt career growth.

  3. "Lol review"

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

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

    Pros

    Flexible hours, decent pay, good benefits

    Cons

    Requirements are often given Midway through Sprint.


  4. "Sr. Specialist"

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

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

    Pros

    Nice people, decent pay

    Cons

    The market pay is low, lots of accounts to handle


  5. "Good place for driven individuals"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Compliance Analyst in Charlotte, NC
    Former Employee - Compliance Analyst in Charlotte, NC
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at LPL Financial full-time (More than 5 years)

    Pros

    Great coworkers. Laid back environment. Jeans dress code, fitness center, doctors office, cafeteria, great work life balance, and unlimited pto. Tons of opportunity for highly driven individuals.

    Cons

    Rules are lacking. No consistent rules for working from home. Someone with the same tenure can have their work from home request granted and you may have yours denied with no clear explanation. Management style can be all over the board. You can get someone who is very understanding and flexible to someone who micromanages and talks down to you. You have to grow a thick skin.

    Advice to Management

    Please put in place some sort of management training. It seems that managers are promoted based on their knowledge of the industry and work ethic but not much thought is put into their people skills. Please work on a decent across the board training program. You work so hard to get great people to join the LPL family. Please work as hard to keep them there by helping them build their knowledge base and feeling empowered.


  6. Helpful (5)

    "My 4 years at LPL Financial"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Operations Specialist in San Diego, CA
    Former Employee - Senior Operations Specialist in San Diego, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Working indoors, no clock punching. On site clinic.

    Cons

    Extremely Low Pay with never any adequate merit increases aka below 2% annual raise if any. There were no raises for 3 out of the 4 years of my tenure. During my 4 year employment at LPL Financial, I discovered that the company has the Mcdonalds and Walmart leadership philosophy, which is, lets take advantage of the labor market by capitalizing on low pay and high turnover and not consider the cost savings of higher paid and happier employees (low turnover). Employees are considered expenses not assets. Also, this company wishes to outsource and resource as much as possible. I saw an entire department almost vanish overnight, putting heavy strain on the few employees that remained in that department. Overall, the leadership at the highest level disgusts me. Building Office conditions are deteriorating, the carpet is never steamed cleaned and vaccumed poorly, vents also are accumulating dust. The drinking water taste like tap water, without adequate filtration. Many employees feel my sentiment, it is especially felt in the town hall meetings.
    Overal uptight atmosphere, low employee morale, low pay, high volume work, high expectations with strict deadlines, the executives think an occasional free lunch is adequate to keep employees happy.

    Advice to Management

    I would rather be a floor sweeper at Costco than work for any of you.


  7. "Great potential"

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

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

    Pros

    Amazing location and facility. The people are nice.

    Cons

    Growing too fast. Acquisitions are poorly planned and back breaking to employees. Some days the workload/ expectation is overwheming

    Advice to Management

    Get 8 hours of sleep at night you will need it.

  8. "Licensed Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at LPL Financial full-time

    Pros

    Cohesive network and client friendly

    Cons

    None that come to mind


  9. "My LPL is not the same as your LPL"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at LPL Financial full-time

    Pros

    Fair benefits.
    You could be in a good department.

    Cons

    No chance for movement within the company


  10. Helpful (4)

    "Extremely Poor Business Development Decisions"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - California in San Diego, CA
    Current Employee - California in San Diego, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Great location (San Diego, NOT Fort Mill!). 401K match is nice.

    Cons

    Where to begin? Leaders ruling with iron fist, creating fear and mistrust. CEO has no clue how poor of a job his direct reports are doing (because he never asks!). Repeated compensation and territory changes every single year, sometimes twice a year, and never benefits employees/recruiters. Benefits were good, but then they changed HMO to Kaiser which has about 2 urgent care facilities in the entire county. Not good.


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