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      LPL Financial

      Engaged Employer

      LPL Financial reviews

      3.4

      57% would recommend to a friend

      (556 total reviews)
      avatar

      Rich Steinmeier

      65% approve of CEO

      58% positive business outlook

      Ratings by category

      3.8

      Diversity & inclusion

      3.5

      Work/Life balance

      3.4

      Culture & values

      3.3

      Compensation and benefits

      3.3

      Career opportunities

      3.0

      Senior management

      Ratings by demographic groups

      Reviews by job title

      556 reviews

      Reviews about "Compensation"

      Return to all reviews
      1.0
      Nov 10, 2015

      Was good until Victor Fetter shipped my job to India

      It professional
      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.

      3.0
      Nov 2, 2015

      Assistant Vice President

      Assistant vice president
      Recommend
      CEO approval
      Business Outlook

      Pros

      Pay if you come in from the outside. Flexible work life balance. Very good mix of benefits. Opportunities to volunteer time off with Pay.

      Cons

      Lack of common sense, Layoffs. Constant unending change and shuffling of organizations with poor leadership to pick a direction and stick it out. HR policies tie the hands of managers to be effective. Caps to compensation. Promotions without pay raises.

      2.0
      Oct 29, 2015

      VP

      Vice president
      Recommend
      CEO approval
      Business Outlook

      Pros

      LPL's business model is unique, favoring independent financial advice over proprietary products and services. The pay is competitive for the industry and location.

      Cons

      LPL suffers from outdated management practices, frequent regulatory violations, and plummeting advisor satisfaction. Overall vision and strategy is sound but the company falls flat on execution.

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