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
2.0
Oct 9, 2024

Used to be a great company. Top heavy.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The associates here are incredibly kind, warm, and supportive, and I've had the pleasure of working with some truly wonderful people. Many of the managers who have been with the company for over 10 years still carry that 'old' positive culture in their hearts, which makes a big difference. The company is very diverse, and I've made some great friends along the way and grew so much since I started. However, as the company continues to grow aggressively, some of that warmth has been lost. The benefits are just okay.

Cons

While the company has many great people, there are some issues that need attention. The leadership structure feels overly top-heavy, with multiple SVPs reporting to one another, which can create inefficiencies. Compensation is just low, people have to get second jobs in order to pay their bills, which can be discouraging. Meanwhile, some executive leaders have hired remote-working friends across the country, while associates are required to return to the office in a hybrid model. Additionally, the systems often crash, as resources seem to be focused more on recruiting new advisors and paying salaries for numerous SVPs, many of whom appear underqualified for their roles. On top of that, the number of meetings that could easily be handled via email is overwhelming, which wastes both time and energy. I hope the company refocuses on improving compensation, systems, and streamlining communication to make better use of everyone’s time.

2.0
Sep 25, 2024
Recommend
CEO approval
Business Outlook

Pros

LPL Financial has a great work life balance.

Cons

LPL Financial recently announced returning to office after displaying a motto of be great from anywhere for years. Unsure on what else will change without warning.

2.0
Jun 19, 2024

Change for the worst

Recommend
CEO approval
Business Outlook

Pros

Pretty good pay and benefits.

Cons

This place used to be awesome, excellent culture, great work life balance, etc. Over the last year or so it’s transformed into something to loathe. Constant layoffs, high pressure, late nights and weekends working.

Viewing 145 - 147 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.