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      LPL Financial

      Engaged Employer

      LPL Financial reviews

      3.4

      56% would recommend to a friend

      (2,090 total reviews)
      avatar

      Rich Steinmeier

      67% approve of CEO

      57% positive business outlook

      Ratings by demographic groups

      LPL Financial has an employee rating of 3.4 out of 5 stars, based on 2,090 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
      3.0
      Oct 6, 2015

      Ups and downs

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Never had an issue with flexibility, corporate communication/HR really working hard to offer options to become employer of choice, gym on campus

      Cons

      Lots of management turnover, lots of sideways movement rather than forward. Extremely competitive environment, not uncommon to get "thrown under the bus" by someone trying to move up. We seem to be an environment that encourages that kind of behavior by not doing anything to stop it.

      1.0
      Oct 4, 2014

      Not where you want to work

      Research associate
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good technology in ways, albeit 20% of client tax reporting has historically been incorrect. How do they possibly screw that up so badly? Concept of rotation ETF model trading is nice conceptually, but generally with fumbled mediocre results. I worked there only until I could find a better job.

      Cons

      Company acts all altruistic and evangelical, espousing unbiasedness and empowerment to their underlying advisors, but then they fee their advisors to death and take retrocessions from approved manager solutions. Is this really unbiased? Way too much emphasis on illiquid assets with high initial commission payouts (think BDCs and non-traded REITs). They generally have no vision that a bear market is even possible. Employees are not paid well by Wall Street standards, so LPL gets a dumber general level of average employee (most of whom think that they are smarter than they really are -- a dangerous situation). This firm is likely to blow clients up in a time of market stress.

      1.0
      Jul 17, 2014

      Watch your back...

      Vice president
      Recommend
      CEO approval
      Business Outlook

      Pros

      25 Cent sodas (for those who drink it)

      Cons

      Very political, management would sell their own mother to get ahead. Fast paced, but so fast they miss the point. Constant turmoil and only those that do not take risks (in other words hide from responsibility) appear to survive.

      Viewing 169 - 171 of 2,090 Reviews
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      ReviewsLPL Financial reviews

      Glassdoor has 2,433 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.