LPL Financial reviews

3.4

56% would recommend to a friend

(2,091 total reviews)
avatar

Rich Steinmeier

67% approve of CEO

57% positive business outlook

LPL Financial has an employee rating of 3.4 out of 5 stars, based on 2,091 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
2.0
Jan 4, 2015
Recommend
CEO approval
Business Outlook

Pros

New 13-story building with lots of amenities; adjustable ergonomic desks, cafeteria serving good, healthy options, onsite gym and clinic, game room, Starbucks. Excellent work environment, flexible schedules, good benefits, work/life balance. Smart, friendly, hard working people there, lots of great talent. Decent technology, getting better. 25 cent sodas, good location.

Cons

Very political and cut-throat, the textbook definition of a good ol' boys club. Rampant outsourcing throughout the company to increase the bottom line, beholden to their shareholders and not the employees. Very poor communication throughout the company (lots of silos). The company is very reactionary, and seems to always be in fire-fighting mode. Pay was good at first, but meager merit increases (usually .40 to .60 per year), meant you fell behind market-rate relatively quickly. The company is insanely top-heavy; there are tons of AVPs and VPs doing the job of a manager or a business analyst, and yet are not managing people (nor do they have management skills.) People are considered expendable; half of the software engineers and PMs were contractors that were kept for a year or longer, then suddenly let go at a moments notice when management decided they weren't needed anymore (lots of churn and burn.) There is so much more than the above, and this is only scratching the surface.

4.0
Jan 1, 2015
Recommend
CEO approval
Business Outlook

Pros

Good work environment and culture. Flexible hours and great benefits. Networking for career advancemt is easy to accomplish thanks to many effective internal programs. My colleagues care about their roles and about serving our advisors. We have a lot of fun at work and I do feel cared for and appreciated. (I.e.- bringing in lunch for us on peak days, parties, special treats, etc...)

Cons

Raises for Internal promotions are capped and this is a point of frustration for many. While we are improving in this, more positive and encouraging feedback is needed from leaders towards the members of thier team.

4.0
Dec 17, 2014
Recommend
CEO approval
Business Outlook

Pros

Flexible with family and time off if needed or working different schedules/from home if needed. The office culture is really enjoyable.

Cons

The idea's/direction of where service wants to go changes every year to year and a half (IDEO, ADKAR....)

Viewing 1888 - 1890 of 2,091 Reviews

Glassdoor has 2,434 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.