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
Sep 2, 2012

Supervisor

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Convenient location, good medical benefits, and had the privilage of working with an exceptional group of people that brouugh positive energy

Cons

Too many know nothing managers better suited for retail than a brokerage firm. Promotional opportunities are far and few between; awarded to the best connected rather than the most competent. Compensation is for the most part based on seniority and not ability. Someone having spent a decade in the same job, performing the same menial tasks will make more than an individual performing the duties of two people and engaging in more challenging activities because they're one of the few people competent enough to do it. Staffing levels are slim resulting in overworked, stressed, and employees eager to leave the company should the opportunity arise. Outsourcing to india compounded many of these issues. Upper management badly miscalculated what they were capable of and the advisors are paying for it with delays, reduced quality, and irritated clients.The indian partners dropped the ball right out of the starting gate and cant seem to hold on to it long enough to justify their role outside of the gains being made in reduced payroll costs which have been cancelled out by liabilities/losses incurred by them. The qualititve costs are far worse

3.0
Oct 18, 2009

It's a job

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

You have the opportunity obtain various skill set

Cons

Very hard to build interdepartmental networks

4.0
Jan 25, 2022

Lots of opportunities

Recommend
CEO approval
Business Outlook

Pros

Lots of different opportunities and departments. Most positions are now available to be worked remotely. Many employees with long tenure.

Cons

Overworked employees. Senior management with little experience in the industry. Lack of training.

Viewing 2038 - 2040 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.