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      LPL Financial

      Engaged Employer

      LPL Financial reviews

      3.4

      56% would recommend to a friend

      (2,098 total reviews)
      avatar

      Rich Steinmeier

      66% approve of CEO

      57% 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

      LPL Financial has an employee rating of 3.4 out of 5 stars, based on 2,098 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).

      Ratings by demographic groups

      Reviews by job title

      2K reviews
      4.0
      May 13, 2022

      Great support

      Financial advisor
      Recommend
      CEO approval
      Business Outlook

      Pros

      Great support, great technology and products

      Cons

      Commission based independent contractor owner

      2.0
      May 12, 2022

      A broker platform I would stay away from

      Vice president
      Recommend
      CEO approval
      Business Outlook

      Pros

      At local level, they provide useful regulatory backbone to smaller independents who want to hang out their own brokerage shop shingle, and use LPL to clear trades and take care of regulatory matters.

      Cons

      ETF-centric mentality, and where they try to get tricky with alternative assets, they usually are high fee kick-backs to LPL and poor ultimate product choices. They claim independence and being unconflicted, but nothing makes it onto their platform without a fee retrocession to LPL. None of their own funds, per se, but lots of added model management fees in addition the wrap fees. Retail investors mostly still get suckered. Bull market shop that won't handle a real bear market well.

      2.0
      May 4, 2022

      Growing company, but little inspiration or fulfillment

      Anonymous
      Recommend
      CEO approval
      Business Outlook

      Pros

      decent lead time before getting fired (usually 6-9 month termination process for under-performers, sometimes longer) unless your team team gets laid off, but that doesn’t happen much at all in the current environment. Stock price is on a good trajectory. More work thank you could ever ask for

      Cons

      Compensation is low and don’t expect to be rewarded for any impact or company performance, that’s only for MDs & Board. Weird requirements to join CEO & HR Town Halls where only topics are compensation complaints, but nothing material is ever done about it. Leadership at top struggles to hide inability to be impressed with workforce & the work product of workforce, but frankly he may have a point. Nothing ever done about it or the many other challenges you encounter here. Advice - master PowerPoint for your boss & you’ll be alright.

      Viewing 541 - 543 of 2,098 Reviews
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      ReviewsLPL Financial reviews

      Glassdoor has 2,443 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.