San Diego is dying.... No use in joining here. Even more so in Operations. - Anonymous employee LPL Financial Employee Review

1.0
Oct 19, 2017
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Somewhat stable job but the writing in on the wall long term. The building is very nice. However, it has been pointed out many times to me that is was designed specifically with the ability to share the building with another tenant, just keep that in mind. Not a bad gig if you are on the sales side.

Cons

-Lay offs are common in SD within Operations as it is getting moved aggressively to South Carolina; with most of the promotions and positions going with it. (If you are internal just look at the most recent round of promotions. Individuals who couldn't pass the S7 or S24 are being promoted to leadership positions in FM). -Senior Leadership is spineless and has no idea how to manage with other business units. It doesn't help that the largest business unit has a handful of SVPs/EVPs while the other units give the titles out like they are candy. -Inconsistent messaging around layoffs. 100+ people in SD were given notice then "just kidding" 2 weeks before their term date and they magically had a job again despite what plans the employee made. -Long term the industry is in some trouble as fee compression is real and LPL's cut continues to get smaller. Look at the number of "Robo advisers" that can do the work of 80% of the advisers out there for less than half the fee to the client. - A good amount of key systems are 10+ years old built on an architecture that doesn't exist anymore.

Explore other reviews about LPL Financial

5.0
May 27, 2026
Recommend
CEO approval
Business Outlook

Pros

I loved my internship here. It was very immersive and everyone was very kind and supportive. Loved the team I worked with.

Cons

Could have been a bit more to do.

1.0
Jul 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Competitive pay — Compensation is solid compared to industry averages. • Pockets of good people — There are teams with genuinely decent, hardworking individuals trying to do the right thing. • Occasional bright spots — A few groups operate professionally despite the broader culture.

Cons

Retaliation everywhere — Speak up and you’re targeted. • Fabricated reviews — Feedback is made up to justify punishment. • Toxic cliques — Closed circles run the place and crush anyone outside them. • Hostile leadership — Belittling and aggression are normalized. • Politics over skill — Competence is irrelevant; alliances decide everything. • Fear‑driven culture — Employees stay silent because retaliation is guaranteed. • Hypocrisy everywhere — You’re excluded, then blamed for not being involved. • Values are a façade — The company talks integrity but operates on intimidation.

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