Slave to the Shareholder Already - Manager LPL Financial Employee Review

1.0
Dec 6, 2015
Recommend
CEO approval
Business Outlook

Pros

I've learned a lot at this company and we continue to navigate the waters in an environment of constant change. There's an effort to become an employer of choice, which is a noble cause - but many are wary that it's merely lip service and slight of hand for what lies beneath the surface.

Cons

These days it's just a matter of what shareholders will want next. Of course it's higher profitability - at any cost. Over the last few years, we've been forced to trim down budgets in just about every nook and cranny. Yes - it's wise to operate on a lean philosophy to a degree, but how much more can this budget be reduced. There is an underlying fear that one can be laid off at any time. One can say it's just trimming the fat, but it seems like the higher one moves in rank, the closer they are to being out the door. Politics has always been a problem at LPL, especially in the GRC area. If one leader doesn't like you, they're on a mission to get rid of you. One wrong move and it's career suicide. I thought bringing in Michelle O would change things, but she is still surrounded by old mentalities that continue to foster the wrong culture that LPL is trying to improve. Perhaps it will take more time. My advice to other employees: Get your licenses. Get familiar with as many systems as you can. Build your resume. You never know when the job will quit on you.

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.

3.0
Jun 26, 2026
Recommend
CEO approval
Business Outlook

Pros

Good work life balance and benefits are pretty good depending on management. Really the only thing that kept me here so long was the people in my team.

Cons

Pay is lacking compared to competitors. CEO makes 15 million and CFO makes 10 million, but they don't want to pay competitive wages. Senior Leadership in finance space have brought it up, but little to no change

See reviews by: Helpful|Rating|Date|All