Financial Advisor - Anonymous employee LPL Financial Employee Review

5.0
Aug 6, 2015
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Independence, ability to minimize expenses and company overhead costs associated with wirehouses. Half the clients, half the assets, half the headaches, no constant pay grid wirehouse changes. 90bps payout to start vs. wirehouse keeps 50%+ for that fancy office.

Cons

Still pay for a lot of BS just not as bad as with wirehouse firms

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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