LPL Financial Reviews | Glassdoor

LPL Financial Reviews

Updated October 11, 2018
618 reviews

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

618 Employee Reviews

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Pros
  • "LPL tries on the work life balance" (in 29 reviews)

  • "It is a diverse work environment and they provide various learning opportunities throughout the year" (in 30 reviews)

Cons
More Pros and Cons

  1. "great company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service Representative in Fort Mill, SC
    Current Employee - Customer Service Representative in Fort Mill, SC
    Recommends

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

    Pros

    great work life balance, management is available and development forward. Culture is welcoming!

    Cons

    none. none as of yet.


  2. "Sr Analyst"

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

    I worked at LPL Financial full-time

    Pros

    Great building and environment, nice people

    Cons

    Lower pay, less attractive, many people come and go

  3. "Good company with growing pains"

    StarStarStarStarStar
    • 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
    Approves of CEO

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

    Pros

    I worked with some fantastic committed people. New CEO Dan Arnold seems to have a better understanding of what needs to be done.

    Cons

    Rapid growth of LPL's advisors and so many regulatory changes and new technology systems made it difficult to train new people fast enough so we were always apologizing to the reps for not being able to do our job as well as we would have liked to.

    Advice to Management

    LPL is in the service business, all of the front line service employees are giving their all to support the advisors as best they can. At some management levels it appears there is not a good understanding of the real needs of the advisors. Many have told me they wish management would spend some time in their offices out in the field to better understand their challenges.


  4. Helpful (1)

    "Overall, Good"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at LPL Financial full-time

    Pros

    Very innovative company. Tech-Savvy. Lots of events for advisors to go to

    Cons

    Back office is a mess. Compliance is hard to deal with. Lots of fees.

    Advice to Management

    Pro-rate the fees, instead of hammering young advisors with more fees than they are bringing in. Train you lower level employees better.


  5. Helpful (1)

    "Service Center"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA

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

    Pros

    Salary, location, building, and location

    Cons

    micromanagement, no flexibility, discrimination towards females


  6. "Excellent Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Service Consultant in Charlotte, NC
    Former Employee - Associate Service Consultant in Charlotte, NC
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Flexible, Gain Experience, Regular Business Hours

    Cons

    Politics, lack of training, favoritism


  7. "Mixed Bag"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at LPL Financial full-time

    Pros

    Lots of learning opportunities. Lots of growth opportunities.

    Cons

    Employee morale was incredibly low across the spectrum. High rate of turnover among the management team in my department. Was a very challenging environment to work in.

  8. "junior financial adviser"

    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 training program to help career

    Cons

    tough to start out as an adviser


  9. "Large company with a lot of employee resources"

    StarStarStarStarStar
    Current Employee - Senior Operations Specialist in Cornelius, NC
    Current Employee - Senior Operations Specialist in Cornelius, NC

    Pros

    Large company with opportunity to grow

    Cons

    Management and the new location


  10. "Good Place to work at"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at LPL Financial full-time

    Pros

    LPL tries on the work life balance. They LOVE halloween! Managers are good, and generally look out for you.

    Cons

    Some of the coworkers are the worst. HR can't seem to get rid of them. They simply get passed around to other parts of the company if they are bad employees.


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