LPL Financial is at best a second rate financial services firm. They will always be behind Fidelity, JP Morgan, Morgan Stanley, Goldman and others. Always - and they act like it.
CEO, Mark Casady, still expects his top tier management staff to attend marketing and other such conferences multiple times per year - this kind of thinking is from someone who hasn't realized that THAT IS NOT WHAT GREAT FINANCIAL SERVICES COMPANIES DO. Companies that are still trying to make a name for themselves, that are still climbing the financial services ladder do. This is one of the problems - Senior Management is still stuck in the past.
Right at this very minute upper management are engaged in a meeting to discuss the imminent outsourcing of all employees - this is what they call their "successful" transition of everyone below AVP to being contractors. They're getting rid of all of their staff. Does a great company do that?
I for one have been a loyal, hardworking employee and have put up with a lot of ridiculous ego and dysfunction from upper management. The very people who are determining that my livelihood is secondary are trying to pass off their money making decision to outsource as a "great and long term career move" for us staff members. Really? A lower salary and higher health insurance premiums and much higher health insurance deductibles are a better way for us to live?
Delusional much?
I know I'm not alone when I say that as soon as that message gets passed officially onto the employees I am out LPL Financial. Goodbye.
