LPL Financial reviews

3.4

56% would recommend to a friend

(2,084 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 2,084 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
May 2, 2013

From a long time LPL vet, awful company to work for. Avoid at all costs.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

You can rise through the ranks of this company with very little expertise (show up and don't make mistakes) and earn a moderate salary. However, even the pay is not consistent with other wall street firms. (See cons below for why) The bar is set very low here.

Cons

LPL pays it's advisors the highest payout in the industry. This is not done through innovation or technology advantages, it's done through cutting regulatory corners, outsourcing critical business functions and paying low wages to everyone from executives to front line staff. (Thus often attracting a lack of expertise in key roles). LPL's customer facing technology is out dated. Management is aloof and the culture is one of blame and never ending crisis. (It's always a crisis for the above reasons, money isn't invested in smart ways and corners are cut across the board)

3.0
Apr 18, 2013
Recommend
CEO approval
Business Outlook

Pros

Largely recognized name, lots of investment options and stable company

Cons

Ever changing forms which make it difficult to navigate the resource center, lack of knowledge and high turnover on service 360 teams, lack of communication between departments. The alternative investment dept is a nightmare.

5.0
Apr 12, 2013

Great experience

Recommend
CEO approval
Business Outlook

Pros

best platform and programs geared to maximize growth at all income levels

Cons

if your new as always the con is building your book of business enough to maintain your salary

Viewing 1981 - 1983 of 2,084 Reviews

Glassdoor has 2,427 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.