One Big Glaring Elephant in the Room - Anonymous employee LPL Financial Employee Review

2.0
Aug 28, 2019
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Team peers and coworkers foster a great environment Office desks are spacious Free tea and coffee with vending machines on each floor as well On site gym and office cafeteria On site health clinic

Cons

Service personnel overall in LPL's home offices are overworked, understaffed, and if they didn't feel undervalued and underpaid 12 months ago, you will get a completely different answer today. If you were hired before 2016, you were more than likely hired at a certain hourly rate that was significantly lower than than the current hourly rate new employees are starting at who were brought onto LPL within the last 8-10 months. The handling of the fallout from executive leadership, once became known as a real hiring compensation level, to put it mildly, was insulting. STO employees had meetings with executives to explain that the reasons new hires were being paid more than current employees with more than 5+ years on the books was because we are recruiting better talent and raising our standards, as if the people they were saying this in front of apparently were not the standard. Current tenured employees were informed, as long as they met their goals and performed at a standard that was in accordance with the new hires pay structures, would also be promoted to the new hires pay structure. These promotions, as to when they would happen, the frequency of them, and if a wage increase would also be guaranteed at a certain thresh-hold, those answered changed and were inconsistent, at best, until the pressure from service personnel did not subside and this past July, the first batch of promotions were made, albeit spontaneously and with no rhyme or reason as to who or how the valuations were made. To date, employees are told every quarter, employees will be selected for promotion but don't hold any truth this. It is interesting to wonder if this would have been done if pay structures were found to be different.

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.

2.0
May 23, 2026
Recommend
CEO approval
Business Outlook

Pros

LPL Financial offers a flexible hybrid work model, which is one of the better aspects of the company. Managers are generally not overly strict about specific in-office days, giving employees some flexibility in managing their schedules.

Cons

Work-life balance is a major challenge. Weekend release work is common, often averaging two weekends per month, yet there is no overtime compensation. Employees are essentially expected to work a full workweek plus weekends when needed, which has contributed to high turnover on some teams. The culture can also feel harsh and impersonal. Leadership rarely expresses appreciation or recognition for employee contributions, which negatively impacts morale. Some managers come across as cold or overly task-focused, creating an environment where employees feel valued only for output rather than as people. There also appears to be a lack of trust between employees and leadership. Many teammates do not seem confident that leadership understands or genuinely addresses their concerns. Overall, morale feels low, and recognition for strong performance appears limited.

3
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