LPL Financial reviews

3.4

57% would recommend to a friend

(556 total reviews)
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Rich Steinmeier

65% approve of CEO

58% positive business outlook

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556 reviews

Reviews about "Compensation"

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1.0
Jan 11, 2023
Recommend
CEO approval
Business Outlook

Pros

Beautiful campus, with “mall cop” security. Great benefits.

Cons

Extremely toxic work environment. Micromanagement is to be expected. Executives will layoff those under them to cover their on bottom instead of taking ownership of peer feedback. Expect to be terminated due to FMLA discrimination with this company. Training is lackluster. You’re pretty much on your own. You can sink or swim. Commission can take a year plus to hit, so plan on living off your base salary for a while if your base + comm.

1.0
Jan 4, 2023
Recommend
CEO approval
Business Outlook

Pros

Their people-first mindset is real. The people who work at LPL are serious about work-life balance and the employee's well being. It's refreshing that they really seem to care about their employees. As a whole, these are the just about the nicest people I have worked for - which is really saying something for a company this size. They have somehow managed to grow, but keep a lot of the small- to mid-sized company closeness. The pay is good. The insurance is just OK (disappointing for a company of this size.)

Cons

When I was hired, they said they were Agile/SCRUM. They're not. They're SAFe/Waterfall. They don't really care about Agile methodologies or SCRUM practices. They have a fundamental misunderstanding of points, sprints, velocity, empowered developers, and autonomous development teams. They don't even understand the basic conflicts between SAFe and Agile. They really think SAFe is Agile. They have an addition to ticketing systems. You can't do ANYTHING without creating a ticket and watching the ticket work it's way through the lengthy approval process. I recently had to create a ticket that required 9 approvals. So far, I have 4 of them after about 45 days. I haven't spoken to a person regarding my request yet. They want you to be fast, responsive, productive, and "agile", but then they saddle you with a cumbersome waterfall process. You don't have input into the process and have no power to effect change, which does nothing but breed apathy. They can't even tell you why the process is what it is. The only two reasons I have heard is "it's the way it has always been done" and "the VP said we had to". Sometimes that person is no longer with the company. It's more likely that the person just didn't understand enough to know what they were asking for and no one felt empowered enough to question it. ... and God help you if you question anything. If you mention that the process is unreasonable or that they 're not really Agile/SCRUM, you are branded a troublemaker. If you speak up in meetings, but don't toe the line, you're labeled as disruptive. When I joined, I was warned about people on my team being disruptive. The warnings kept coming, until it was realized that I too was "disruptive." If you want to stay at LPL long term, you have to embrace the LPL way and sell your soul to live it, but at least the people are nice and the pay is good.

1.0
Jan 3, 2023

Terrible

Recommend
CEO approval
Business Outlook

Pros

Decent salary; lots of overtime available

Cons

Terrible training, poor treatment, no work/life balance

Viewing 241 - 243 of 556 Reviews

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