Was good until Victor Fetter shipped my job to India - IT Professional LPL Financial Employee Review

1.0
Nov 10, 2015
Recommend
CEO approval
Business Outlook

Pros

Good people on my team. Nice building in San Diego.

Cons

Victor Fetter (CTO) was hired and he immediately outsourced 75% of the IT services. I understand business is business, but LPL made us train our replacements! Not cool. They gave us the option: "You train them, or you're fired". Oh, thanks. The pay increases were a joke. Health benefits were expensive. They don't offer eating utensils, cups, etc.. All in all, things were MUCH better before LPL went public and when Chris Feeney was the CTO. Victor Fetter was smiling and laughing as he announced to 200+ people that they were losing their jobs.

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.

2
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