LPL Financial reviews

3.4

55% would recommend to a friend

(2,094 total reviews)
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Rich Steinmeier

66% approve of CEO

56% positive business outlook

LPL Financial has an employee rating of 3.4 out of 5 stars, based on 2,094 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 6, 2015

Slave to the Shareholder Already

Recommend
CEO approval
Business Outlook

Pros

I've learned a lot at this company and we continue to navigate the waters in an environment of constant change. There's an effort to become an employer of choice, which is a noble cause - but many are wary that it's merely lip service and slight of hand for what lies beneath the surface.

Cons

These days it's just a matter of what shareholders will want next. Of course it's higher profitability - at any cost. Over the last few years, we've been forced to trim down budgets in just about every nook and cranny. Yes - it's wise to operate on a lean philosophy to a degree, but how much more can this budget be reduced. There is an underlying fear that one can be laid off at any time. One can say it's just trimming the fat, but it seems like the higher one moves in rank, the closer they are to being out the door. Politics has always been a problem at LPL, especially in the GRC area. If one leader doesn't like you, they're on a mission to get rid of you. One wrong move and it's career suicide. I thought bringing in Michelle O would change things, but she is still surrounded by old mentalities that continue to foster the wrong culture that LPL is trying to improve. Perhaps it will take more time. My advice to other employees: Get your licenses. Get familiar with as many systems as you can. Build your resume. You never know when the job will quit on you.

4.0
Dec 1, 2015

Great Environment

Recommend
CEO approval
Business Outlook

Pros

Great employee culture, everyone is happy for the most part. Benefits are great. Not too stressful (at least at the lower level).

Cons

Pay structure built to attract outside talent, not competitive if moving up internally.

Viewing 1771 - 1773 of 2,094 Reviews

Glassdoor has 2,437 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.