LPL Financial reviews

3.4

56% would recommend to a friend

(2,088 total reviews)
avatar

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 2,088 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
Dec 17, 2024
Recommend
CEO approval
Business Outlook

Pros

They pay on time. There are good people- just don’t be smart.

Cons

If you go to HR at LPL Financial, prepare to be targeted. HR is 100% there to protect the EVP and SVP leadership, showing extreme bias and prioritizing their own job security over doing what’s right for employees or the company. They only play favorites, making decisions based on their inner circle rather than what’s best for the organization. Whistleblowers are not protected here—if you speak up, you’ll be released. LPL Financial markets itself as an innovative and Agile organization, but my experience revealed a very different reality. Leadership at the SVP and EVP levels fosters a culture of favoritism, retaliation, and unethical behavior. If you bring up concerns or challenge the status quo, expect retaliation. HR will not support you; instead, they will protect lawbreaking and unethical practices at the leadership level. Leadership seems more focused on maintaining a dictatorship than fostering a true Agile environment. Agile is nothing more than a buzzword here, not a value system they follow. This is not a high-performing environment; it’s a cliquish one where politics and self-preservation matter more than innovation or results. Unless you’re willing to stay silent about wrongdoing, this is not a safe or supportive place to work. Proceed with caution.

3.0
Dec 16, 2024
Recommend
CEO approval
Business Outlook

Pros

learn new technologies fast, AWS training/certification, opportunities to lead

Cons

does not plan work well, unrealistic deadlines, no work-life balance, jr engineers are doing senior level work without compensation/recognition, treats contractors unfairly, does not hesitate to fire people after they worked so hard to meet their unrealistic deadlines, leadership claims "servant leadership," but there's no such thing, leaders do not recognize those who elevated them & they run with the glory, do not want you to log overtime pay, but want you to do the work, hesitate to approve PTO/RTO, interrupt PTO/RTO for work emergencies, Saturday releases, QA department does not have good opportunities to progress your career

2.0
Oct 31, 2024

Some good people, but many not so good

Recommend
CEO approval
Business Outlook

Pros

Most of the people who work here are great. Some of the leaders lead by example, especially the new CEO, and the heads of Technology and Legal. Challenging work. Decent benefits but getting worse and more expensive over time. ESPP plan and stock performance.

Cons

Some coworkers and leaders are entitled, rude, full of themselves and surround themselves with yes men/women. Company culture has eroded in the past couple of years. The return to office hasn't been widely embraced. Workload is never ending and compensation is not great. Big focus on growth and bringing in new business but a poor infrastructure and lack of resources to support those faced with serving that new business leads to frustration for employees and clients. New head of HR is not great and a huge step down from the prior HR leader. Leaders at the EVP and MD levels are a mixed bag.

Viewing 142 - 144 of 2,088 Reviews

Glassdoor has 2,431 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.