San Diego is dying.... No use in joining here. Even more so in Operations. - Anonymous employee LPL Financial Employee Review

1.0
Oct 19, 2017
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Somewhat stable job but the writing in on the wall long term. The building is very nice. However, it has been pointed out many times to me that is was designed specifically with the ability to share the building with another tenant, just keep that in mind. Not a bad gig if you are on the sales side.

Cons

-Lay offs are common in SD within Operations as it is getting moved aggressively to South Carolina; with most of the promotions and positions going with it. (If you are internal just look at the most recent round of promotions. Individuals who couldn't pass the S7 or S24 are being promoted to leadership positions in FM). -Senior Leadership is spineless and has no idea how to manage with other business units. It doesn't help that the largest business unit has a handful of SVPs/EVPs while the other units give the titles out like they are candy. -Inconsistent messaging around layoffs. 100+ people in SD were given notice then "just kidding" 2 weeks before their term date and they magically had a job again despite what plans the employee made. -Long term the industry is in some trouble as fee compression is real and LPL's cut continues to get smaller. Look at the number of "Robo advisers" that can do the work of 80% of the advisers out there for less than half the fee to the client. - A good amount of key systems are 10+ years old built on an architecture that doesn't exist anymore.

Explore other reviews about LPL Financial

5.0
May 27, 2026
Recommend
CEO approval
Business Outlook

Pros

I loved my internship here. It was very immersive and everyone was very kind and supportive. Loved the team I worked with.

Cons

Could have been a bit more to do.

2.0
May 23, 2026
Recommend
CEO approval
Business Outlook

Pros

LPL Financial offers a flexible hybrid work model, which is one of the better aspects of the company. Managers are generally not overly strict about specific in-office days, giving employees some flexibility in managing their schedules.

Cons

Work-life balance is a major challenge. Weekend release work is common, often averaging two weekends per month, yet there is no overtime compensation. Employees are essentially expected to work a full workweek plus weekends when needed, which has contributed to high turnover on some teams. The culture can also feel harsh and impersonal. Leadership rarely expresses appreciation or recognition for employee contributions, which negatively impacts morale. Some managers come across as cold or overly task-focused, creating an environment where employees feel valued only for output rather than as people. There also appears to be a lack of trust between employees and leadership. Many teammates do not seem confident that leadership understands or genuinely addresses their concerns. Overall, morale feels low, and recognition for strong performance appears limited.

3
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