LPL Financial Reviews

Cons

Commission Based Compensation/ Regulation

Cons

Pockets of mismanagement that stunt career growth.

Cons

Requirements are often given Midway through Sprint.

Cons

The market pay is low, lots of accounts to handle

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.

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.

Cons

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

Cons

None that come to mind

Cons

No chance for movement within the company

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.