LPL Financial reviews

3.4

56% would recommend to a friend

(2,084 total reviews)
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Rich Steinmeier

67% 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
Nov 6, 2025

Abysmal Organization and Leadership

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The office had nice balcony and the soda was cheap I suppose. Co-workers were nice for the majority of them.

Cons

There is an extensive list of cons at this location and company. The job description and everything was very confusing until you actually were able to get into the company. Quickly found how poorly run the location was and how abysmal the organization and leadership was. Communication did not exist, you were expected to handle all issues, even if there was no guidance or clue on how to handle that issue and it was not uncommon for the whole team to be confused or not know what was going on or how to handle something. HR intentionally is open for less than half the day and obviously during "busy" time so you can never really reach out to them in meaningful ways. The leadership was so poor, managers had zero clue what was going on, didn't even know how to do simple stuff like questions on scheduling, and don't even bother trying to find any meaningful help if stuck on a call from them. The higher leadership were such cowards too, they wouldn't even come to see their team when visiting the office and started micro-managing every moment of the day on the phones. On top of that, I was straight appalled by the way LPL handles its clients. I would hear so many clients complain and it was hard to side with LPL as many of them were truly wronged on how LPL ran their operations and would leave some to the wolves. The company had serious system issues and technical issues constantly. Many team members provided criticisms and expressed frustration but it was clear it would just go over "leaderships" heads and never led to anything. Bonuses were a joke, you can't score them on your own merit and it was setup for you to fail them intentionally. Pay was pretty whatever for the amount of expertise and expectations of the job and really no real career growth unless lucky or tons of past experience (even that did not matter much). Turnover was insane and there was even layoffs while everyone was struggling to keep up. My favorite story is that on Employee Appreciation Day they could not even do a simple headcount for bagels and so anyone who came in at 8:00 AM or later got nothing. Each day was draining and dreadful, I would not wish anyone to work here or anyone to even due business with them,

1.0
Aug 25, 2025

Acquire to Grow w/ No Vision

Recommend
CEO approval
Business Outlook

Pros

Great 401k match (8% matches 7%)

Cons

Pay is not competitive. Ranges are misguided. Actual pay falls generally in 75th percentile. Sub-par COL adjustments and low bonuses. Large number of employees in management roles are not trained in those positions. Lots of talk of AI/ML development that is not actual AI/ML. Too many products being developed or maintained. Poor architecture. RIF in December 2024 at the same time they promoted Managing Directors.

1.0
Aug 15, 2025

Not good for anyone

Recommend
CEO approval
Business Outlook

Pros

Hybrid work but that is essentially over

Cons

Toxic work environment, service professionals expected to be available on the phones for back to back calls, 30+ calls a day. Cannot use the bathroom without asking. For this role specifically- they will sell you on upward mobility and opportunity but it is very rare that service professionals make it “off the phones.” There is no time for career development or any work life balance much less being able to do basic things like use the bathroom. They are not staffed correctly to handle the amount of calls they receive so you bear the brunt of that and deal with angry advisors all day, without a moment between calls. Additionally you are expected to do a ton of administrative work while taking these calls. Expected to return to office 3/5 days- with no compensation to match that increased gas mileage.

Viewing 103 - 105 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.