Used to be a great company. Top heavy. - Anonymous employee LPL Financial Employee Review

2.0
Oct 9, 2024
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The associates here are incredibly kind, warm, and supportive, and I've had the pleasure of working with some truly wonderful people. Many of the managers who have been with the company for over 10 years still carry that 'old' positive culture in their hearts, which makes a big difference. The company is very diverse, and I've made some great friends along the way and grew so much since I started. However, as the company continues to grow aggressively, some of that warmth has been lost. The benefits are just okay.

Cons

While the company has many great people, there are some issues that need attention. The leadership structure feels overly top-heavy, with multiple SVPs reporting to one another, which can create inefficiencies. Compensation is just low, people have to get second jobs in order to pay their bills, which can be discouraging. Meanwhile, some executive leaders have hired remote-working friends across the country, while associates are required to return to the office in a hybrid model. Additionally, the systems often crash, as resources seem to be focused more on recruiting new advisors and paying salaries for numerous SVPs, many of whom appear underqualified for their roles. On top of that, the number of meetings that could easily be handled via email is overwhelming, which wastes both time and energy. I hope the company refocuses on improving compensation, systems, and streamlining communication to make better use of everyone’s time.

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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