LPL Financial reviews

3.4

56% would recommend to a friend

(2,084 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 2,084 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 9, 2025

BAD Pay, decent culture

Recommend
CEO approval
Business Outlook

Pros

Have overall enjoyed my co-workers. They took away our training, but if you request to have your PD paid for (ie: coursera) then they will give you the green light. The work is good enough. Its constantly changing 2 of my 3 managers have been great

Cons

Biggest con: the pay. They will give a pay scale of 40K and you can make ONLY up to the mid-point, unless you stay in the position without a promotion.... and even then you will only get an annual (merit) raise of ~2-5%. So ie: I got all Exceeds Expectation (4/5) and Outstanding (5/5) for my performance and only received a 6% bonus and am only up to 88% of the midpoint... so still on the Low end of the published scale. If you get a job here, you'll never make the high end, even with Exceeds Expectations reviews... LPL is the type of company that'll give bonus' but then decide they don't have money for bonus'. After our mandatory mid-years, which was just after surprise layoff, this year the company decided they weren't doing any promotions until March. So talk about destroying company culture. You lay off people and then AFTER the employees had to turn in their mandatory mid-year for promotions, HR put out that they weren't doing promotions. .... It's a job. You are a cog in the wheel here. You can get unlimited PTO at Sr. Analyst and up.. but... idk take the job if they offer it.. but keep your LinkedIn open

2.0
Jun 5, 2025

Poor Management

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great coworkers. Since it’s poorly managed team members pitch in and help one another to solve issues. Also it’s something to have on your resume while you search for a career at a better company.

Cons

It’s poorly managed. They do not listen to employee feedback. When employees try to tell management areas of concern managers blame employees for there being problems and disregard all complaints. Management doesn’t care to understand what is really going on and will make changes without realizing how it affects day to day processes. They reduce the workforce as much as possible and make people accountable for too many processes leading to employee burnout. Management regularly leaves their responsibilities for lower level employees to do but do not compensate them for the extra responsibility. There are very few opportunities for advancement. You will not learn much here except how to look for another job. The health insurance could be better and bonuses are a joke, firms are more competitive. They will tell you

2.0
Mar 26, 2025
Recommend
CEO approval
Business Outlook

Pros

The health care benefits - While expensive, they really are top notch "Peers" are generally great to work with Still "hybrid", although for how much longer is anyone's guess

Cons

Management at the SVP level and above has no concept of leadership Many in senior management lack even the basic knowledge necessary to understand what the teams in their organization do, which sets their people up for failure

Viewing 58 - 60 of 2,084 Reviews

Glassdoor has 2,427 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.