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 16, 2024
Recommend
CEO approval
Business Outlook

Pros

Smart people that want to do a good job. Nice offices in Fort Mill.

Cons

The company has simply grown too complex, too large, too fast, without the required resources and investments in technology and processes. This leads to a bad deal for current employees and unrealistic workload, long hours, and lots of chaos and fire drills to meet unrealistic deadlines. Nevertheless, management will grow the company without rewarding the employees that enabled the growth. Pay is way below average and doesn't come close to compensating for the workload and stress. We're also currently on a hiring freeze, but not a growth freeze. The company is being sued for its cash sweeps dealings. This company is a very stressful working environment overall.

2.0
Sep 5, 2024

Don't work here

Recommend
CEO approval
Business Outlook

Pros

Superior 401k match, unlimited PTO

Cons

Management plays favorites - whether the person is good at their job or not, and those are the only folks that get promoted. If you try to better yourself and get a higher paying role within the company, they will only pay you the minimum of the pay range. You are literally punished for trying to grow within the company. Super cheap on pay, pathetic raises, especially if you're not a favorite. They did not even pay me the minimum for their own defined pay range for my role!

1.0
Jan 4, 2023
Recommend
CEO approval
Business Outlook

Pros

Their people-first mindset is real. The people who work at LPL are serious about work-life balance and the employee's well being. It's refreshing that they really seem to care about their employees. As a whole, these are the just about the nicest people I have worked for - which is really saying something for a company this size. They have somehow managed to grow, but keep a lot of the small- to mid-sized company closeness. The pay is good. The insurance is just OK (disappointing for a company of this size.)

Cons

When I was hired, they said they were Agile/SCRUM. They're not. They're SAFe/Waterfall. They don't really care about Agile methodologies or SCRUM practices. They have a fundamental misunderstanding of points, sprints, velocity, empowered developers, and autonomous development teams. They don't even understand the basic conflicts between SAFe and Agile. They really think SAFe is Agile. They have an addition to ticketing systems. You can't do ANYTHING without creating a ticket and watching the ticket work it's way through the lengthy approval process. I recently had to create a ticket that required 9 approvals. So far, I have 4 of them after about 45 days. I haven't spoken to a person regarding my request yet. They want you to be fast, responsive, productive, and "agile", but then they saddle you with a cumbersome waterfall process. You don't have input into the process and have no power to effect change, which does nothing but breed apathy. They can't even tell you why the process is what it is. The only two reasons I have heard is "it's the way it has always been done" and "the VP said we had to". Sometimes that person is no longer with the company. It's more likely that the person just didn't understand enough to know what they were asking for and no one felt empowered enough to question it. ... and God help you if you question anything. If you mention that the process is unreasonable or that they 're not really Agile/SCRUM, you are branded a troublemaker. If you speak up in meetings, but don't toe the line, you're labeled as disruptive. When I joined, I was warned about people on my team being disruptive. The warnings kept coming, until it was realized that I too was "disruptive." If you want to stay at LPL long term, you have to embrace the LPL way and sell your soul to live it, but at least the people are nice and the pay is good.

Viewing 61 - 63 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.