LPL Financial reviews

3.4

56% would recommend to a friend

(2,083 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 2,083 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
Dec 3, 2008
Recommend
CEO approval
Business Outlook

Pros

Since they are growing too fast, they do let you do your own creative problem solving and do give you tools to do it. I was able to increase my skillset by learning new software products on my own ie. .net. Although the overtime was too much, it does add up in the bank account. Their 401k matching and bonuses were pretty good too. I actually liked working there at first and then one thing after another happend and I found out the company is just too inexperienced.

Cons

Very political. I have never worked in such a political environment before. You say anything wrong and they'll eventually get you. Also back stabbers behind every door. For those of us in IT, there is no personal life. Help Desk calling at 6pm, 7pm, 8pm, 5am and on the weekends and no break at all. No off on schedules only ON. Panicky managers that think they know IT but acutally know nothing. Company still uses legacy systems and is too scared and inexperienced to upgrade to better products.

2.0
Oct 23, 2008
Recommend
CEO approval
Business Outlook

Pros

LPL is a fast growing company and is a great way to get some financial experience. There are many entry level positions for recent college graduates.

Cons

The employee retention rate is low because the salary is extremely low. Its tough to live on a low salary in expensive San Diego. Also, I feel that this company does not care very much for their employees (will not sponsor non citizens and no letter of references allowed). A lot of the structure in the back office needs to be cleaned up. LPL LOVES to low-ball people on salary... It's borderline abusive business practices. I can't believe this company is so stingy when it is doing extremely well.

1.0
Oct 3, 2008
Recommend
CEO approval
Business Outlook

Pros

Friendly atmostphere, Great office location

Cons

If you are female or a minority...this is the place to work and get promoted quickly. I have seen numerous highly qualified white males passed over for promotion and newly hired females (black, hispanic etc) be placed in positions of responsibility for which they then have to be trained by those same passed over white males. I have seen instances where a young white male leaves the company on good terms and is not hired back, but a young white woman leaves for a rival b/d and then comes back only to be promoted to a senior management. Senior management has said (off the record) that while they are aware of areas that we should improve our compliance oversight (of our 11,000 plus financial advisors), they won't do so until FINRA or the SEC fines us.

Viewing 2080 - 2082 of 2,083 Reviews

Glassdoor has 2,426 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.