LPL Financial reviews

3.4

56% would recommend to a friend

(2,083 total reviews)
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Rich Steinmeier

66% approve of CEO

57% positive business outlook

LPL Financial has an employee rating of 3.4 out of 5 stars, based on 2,083 company reviews on Glassdoor which indicates that most employees have a good working experience there. The LPL Financial employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

2K reviews
1.0
Sep 8, 2025
Recommend
CEO approval
Business Outlook

Pros

The industry atleast gives me hope that I can find a job elsewhere.

Cons

I was hired at LPL Financial a month ago, and it’s been a nightmare from day one. I was brought on to single-handedly fill the roles of three employees who were recently laid off, all of whom had more experience and were paid significantly more than I am. The expectation to perform at their level with zero training or support is absurd. The workload is crushing—designed for a team, not one person—and when I dare ask for help, I’m met with shaming and dismissive attitudes from management. The culture here is toxic, fostering resentment rather than collaboration. HR is an absolute joke. I’ve sent emails to everyone from the top down, pleading for assistance with the chaotic management structure, and I’ve received nothing but silence. Not even a canned “we’re looking into it” response. It’s clear they don’t care about employee well-being. I’ve made a few friends here, and we’re all suffering in the same miserable silence, bonded by our shared frustration. To top it all off, LPL’s recent acquisition is a complete disaster. The company is bleeding money, laying off essential workers to cover the mess, while everyone else runs around like headless chickens trying to keep things afloat. Morale is nonexistent, and the leadership seems clueless about how to fix this mess. I regret taking this job and wouldn’t wish this experience on anyone. Avoid LPL Financial at all costs unless you enjoy being overworked, undervalued, and ignored.

1.0
Jan 10, 2025
Recommend
CEO approval
Business Outlook

Pros

Paychecks deposited on time, most employees know their goals by the middle of the year, Halloween party is really fun!

Cons

"Be great from anywhere" abruptly shifted to "return to office" with a confusing and frustrating mandate that could be interpreted differently by each business unit. Business units that wanted to outsource or hire friends chose more aggressive RTO plans that isolated and disengaged team members who were hired as remote. Technology is outdated and not prioritized. "Digital transformation" and "Agile" projects fizzle out because leadership fails to define goals and success metrics, or changes focus before team-defined goals are met. Product teams are really project managers, with no concern for user experience or underlying technology. Despite the relative youth of the firm, most new executive hires come from outdated/old-school companies and don't value innovation or new ideas. Recent layoffs focused on older team members and new hires are focused on junior roles.

2.0
Nov 15, 2024
Recommend
CEO approval
Business Outlook

Pros

Nice people on the team willing to help each other out

Cons

So many cons, where do I start. Since I have joined there’s been poor planning for projects. Leadership saying things must get done without proper planning, giving no incentives while employees are overworked (if you are on a team that is doing any sort of project, there are so many teams stuck in planning phases for years). Leadership sets impossible deadlines and tells everyone they are doing great, but fails to recognize that means nothing when their employees are burnt out and getting severely underpaid. Forced to be on call at random hours without proper communication because “it is crucial and important” Every task becomes important which means everything has to get done. You can try to do more work but you most likely will not get a promotion or recognition unless you are best friends with people higher than you. Do your job as is, and it’s considered not enough, but again lack of incentives completely. Managers usually don’t know what the people under them are doing, and pick and choose based off of favoritism. If you are not their favorite , good luck!!

Viewing 31 - 33 of 2,083 Reviews

Glassdoor has 2,426 LPL Financial reviews submitted anonymously by LPL Financial employees. Read employee reviews and ratings on Glassdoor to decide if LPL Financial is right for you.