LPL Financial reviews

3.4

56% would recommend to a friend

(2,096 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 2,096 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
5.0
Mar 7, 2017

Office Assistant

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Care about employees Great way to learn about the industry

Cons

None, this is a great place to work

5.0
Mar 7, 2017
Recommend
CEO approval
Business Outlook

Pros

Great team culture and excellent leadership. Interesting and ever changing work. Never a dull moment. Good to be with an industry leader.

Cons

Lots of travel. Lots of nights in hotels. Limited budget, so you have to live and eat cheaply. Large companies can be hard to navigate for new employees.

1.0
Mar 5, 2017
Recommend
CEO approval
Business Outlook

Pros

I currently do have any at this time. I guess it's a pro if you come from outside of LPL because they will pay you more.

Cons

Don't stay here long. You'll be overworked, underpaid, under-appreciated and then you'll watch someone come in with the same title, with little experience, no drive, "clock-puncher" and find out they make $7-10k more than you. LPL is a corporation who has stockholders, their mission is for the betterment of their stockholders, which is understandable. Over the years, I've seen completely incapable people in major decision making roles with no obvious repercussion when they put the firm at risk for (or actual) regulatory fines. Then at the same time LPL makes a decision to offshore a large chunk of operations including parts of departments I feel should never belong belong outside of the US. I also don't understand how they made the individual decision to lay certain people off, it screams of agism. I wish those people the best but I would imagine that it's quite difficult to find a new position when you're in your early 60's and you work in an operation role. At the time I thought that maybe it was just a fluke but as we transition thru another layoff (3rd that I've seen in less than 6 years although there have been more in additional departments) while they move more of operations to the SC office, I've seen the oldest people on the impacted list. Plus, again I don't know how they made their decisions to cut certain people. Many of whom have incredible knowledge of this industry and of the positions that they were in. It won't be a smooth transition especially since they are letting go the "best and the brightest" while leaving the incompetent leadership to lead departments they don't understand. And to add salt in the wound, it was pretty obvious that while they were laying off people some lower leveled management were promoted so that they wouldn't be impacted by the layoffs. LPL has no heart for their employees but at least we have free soda and a new building. Cheers, great job LPL!

Viewing 1645 - 1647 of 2,096 Reviews

Glassdoor has 2,439 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.