LPL Financial reviews

3.4

56% would recommend to a friend

(2,084 total reviews)
avatar

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
2.0
Jul 4, 2009
Recommend
CEO approval
Business Outlook

Pros

Decent salary and if you are senior enough or do a good job, you're not really micro managed.

Cons

No training whatsoever. No career growth opportunities. They expect you to work on projects not work on improving your career options. When overtime is needed, you are expected to work.

1.0
Oct 2, 2011
Recommend
CEO approval
Business Outlook

Pros

Hard to think of any-- They leverage the fact that they are the only recoginized financial company in San Diego- Soda machines 0.25$. They pay a little better than the market- Great place for PM's with upto 3-5 yrs experience. Sr PM's or PgM's -strictly avoid!!

Cons

From a PM perspective: 1. Lot of churn in the middle management roles.They rotate or Fire PM's like changing shirts. 2. Higher management sucks-- too many cooks and lots of chaos and confusion filters to the next level. 3. No clear vision or strategy from higher management on projects- they start projects , then realize it doesnt make sense and put them on hold leading to churn in the projects. 4.Frankly speaking, its a back office shop for advisors- so not much new advancement in technology 5. Their IT budget is comparitvely small compared to other competitors 6. PM role is more of a glorified co-ordinator- PM's dont have much authority nor do they get to handle project budgets. 7.Lots of favoritism given to ass-lickers and work efforts frankly doesnt matter but i guess that must be there in other companies too 8. No Growth Potential !! You ll be stuck in the same position for years but if you like that then certainly a good place. 9. Worst place for Contractors- they are treated far worse than other companies in my experience.

2.0
Sep 14, 2012

Stretched Thin

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Number one independent broker dealer. Decent benefits

Cons

Staffing levels inadequate to handle onslaught of new advisors. LPL upper management unwilling to hire needed bodies to compensate for this and are taxing current resources to the point of forced/volunteered exodus. Service Center new hire training reduced to bring new hires online sooner, thus creating a crop of uninformed, useless personel. Middle , management more concerned with calls answered in a timely manner than quality. LPL recruiters consistently oversell the product (LPL). Advisors come onboard with misguided expectations, requesting Service perform research they are other wise expected to perform and various other tasks suited for an assistant. The founding principals of this company are to provide advisors with the bare minimum as to comply with regulatory requirements and in return for basic services, the advisors are expected to perform the remaining duties themselves for greater commission retention. This being said, many advisors are sold on the idea that their Service Center representative will provide service above and beyond what they're paying for. The fault lies with recruiting, a corporate culture that undervalues their employees, and advisors willing to abuse the system without repercussion.

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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.