LPL Financial reviews

3.4

56% would recommend to a friend

(2,099 total reviews)
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Rich Steinmeier

65% approve of CEO

57% positive business outlook

LPL Financial has an employee rating of 3.4 out of 5 stars, based on 2,099 company reviews on Glassdoor which indicates that most employees have a good working experience there. The LPL Financial employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

2K reviews
3.0
Dec 18, 2024
Recommend
CEO approval
Business Outlook

Pros

Good culture, employees are generally cared for

Cons

A lot of process pain points that are never addressed, very wish washy communication from leadership

1.0
Dec 18, 2024
Recommend
CEO approval
Business Outlook

Pros

The company offers competitive compensation and benefits. Flexible work options for some roles.

Cons

Leadership Concerns: Senior Vice Presidents (SVPs) and Executive Vice Presidents (EVPs) prioritize personal alliances, fostering a culture of favoritism. Toxic Environment: The EPMO is plagued by "mean girl" cliques, who are protected and rewarded regardless of their divisive and toxic behavior. Favoritism Toward Contractors: Contractors are often treated better than full-time employees, receiving preferential treatment in workload, recognition, and sometimes opportunities. Lack of Transparency: Abrupt layoffs with minimal communication erode trust, leaving employees blindsided. Workplace Politics: Hardworking employees are often overlooked or dismissed, while toxic individuals and contractors aligned with leadership are shielded and rewarded. Erosion of Morale: Promises of stability and fairness from leadership often contradict their actions, creating widespread frustration and dissatisfaction.

1.0
Dec 17, 2024
Recommend
CEO approval
Business Outlook

Pros

They pay on time. There are good people- just don’t be smart.

Cons

If you go to HR at LPL Financial, prepare to be targeted. HR is 100% there to protect the EVP and SVP leadership, showing extreme bias and prioritizing their own job security over doing what’s right for employees or the company. They only play favorites, making decisions based on their inner circle rather than what’s best for the organization. Whistleblowers are not protected here—if you speak up, you’ll be released. LPL Financial markets itself as an innovative and Agile organization, but my experience revealed a very different reality. Leadership at the SVP and EVP levels fosters a culture of favoritism, retaliation, and unethical behavior. If you bring up concerns or challenge the status quo, expect retaliation. HR will not support you; instead, they will protect lawbreaking and unethical practices at the leadership level. Leadership seems more focused on maintaining a dictatorship than fostering a true Agile environment. Agile is nothing more than a buzzword here, not a value system they follow. This is not a high-performing environment; it’s a cliquish one where politics and self-preservation matter more than innovation or results. Unless you’re willing to stay silent about wrongdoing, this is not a safe or supportive place to work. Proceed with caution.

Viewing 346 - 348 of 2,099 Reviews

Glassdoor has 2,444 LPL Financial reviews submitted anonymously by LPL Financial employees. Read employee reviews and ratings on Glassdoor to decide if LPL Financial is right for you.