LPL Financial reviews

3.4

56% would recommend to a friend

(2,083 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 2,083 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
Jan 9, 2019
Recommend
CEO approval
Business Outlook

Pros

Time off, on-site gym with classes, game room (but you never get to use it), on-site nurse, training program

Cons

I used to love it here but I can tell you now, I hate it more than ever. Being in service is miserable! You’re constantly watched and on time constraints for everything. Lunch is only a half an hour. You’re questioned every second you’re off the phone. You’re expected to speak to financial advisors 97% of your day and if you need time off the phone to research issues you must apply for it. Call volumes are excessive (taking upwards of 50 calls a day). Being on the specialized line, you get call transfers from the other service teams, and they do not try to help the advisor or solve the problem and they have miserable attitudes, they transfer to get advisors off the line. Not all of your teammates are trained equally, and then the others don’t care if they give bad information, leaving you to handle an angry advisor calling in for the third time. But you can’t correct anyone because they cry to your manager that you’re mean. Your team mates will team up against you and bully you. Management doesn’t hear both side of the argument and make rash decisions. Management will ride you like a work horse. Unfair advantages are given to the wrong team members. The financial advisors like to call in and yell and swear and call names. There’s rapid depression and anxiety amongst most people in service. Do 99 things right and you’ll only hear about the 1 thing you did wrong.

1.0
Mar 2, 2018
Recommend
CEO approval
Business Outlook

Pros

Newer campus, free coffee, water, and tea. Workstations were new and up to date.

Cons

Where do I begin?! My experience there was a nightmare. At first I was really excited to start a new job at a brand new company. However, that started to quickly fade about a month into the job when I started to realize the role I interviewed for didn't match up with the work that was given. I was also never "onboarded" or given any type of training. I brought this up to my manager who KNEW I had no experience in the tasks that was given to me and admitted that the role was different from what I interviewed for but I had to "figure it out it quickly"! I was thrown random tasks that my manager probably didn't even know how to do. When I did ask questions, I was criticized on how I even asked questions! I finally came to my senses and realized that my manager's ONLY concern was how she would benefit from me. Since I was a brand new employee who needed a little more guidance she was willing to give and not having an LPL network, she knew I had nothing to offer her and treated me like I was garbage up until my last minute there.

1.0
Jul 14, 2023
Recommend
CEO approval
Business Outlook

Pros

The pro's about this company: Weekly pay, Weekends off, Remote flexibility. If you seek an Old Boys Club, this place is for you!

Cons

Toxic Culture, Burnout, Anxiety, Exclusion, Favoritism, HR Violations This group is one of many teams full of toxic individuals and it seems to be a right of passage to adopt toxicity like it's an Eagle Scout Badge. The Sr. Leadership over this group will send you down never-ending rabbit holes and punish the team if you don't complete tasks when they want. The level of human degrading comments made publicly by these Sr. Leaders needs to be known. Due to the community guidelines, I'll refrain from elaborating. There's absolutely no training despite the repeated promises. LPLs way of training is for you to teach yourself and be reprimanded when you make a mistake. Asking questions simply results in no response from established leadership. Nitpicking and lack of direction by Sr. Incident Managers are common themes at LPL. Pass this company up. You'll be glad that you did.

Viewing 13 - 15 of 2,083 Reviews

Glassdoor has 2,426 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.