LPL Financial reviews

3.5

57% would recommend to a friend

(557 total reviews)
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Rich Steinmeier

64% approve of CEO

57% positive business outlook

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557 reviews

Reviews about "Compensation"

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2.0
May 14, 2015
Recommend
CEO approval
Business Outlook

Pros

Nice facilities, nice gym, opportunities to move around in the company with the appropriate timing/networking/etc...

Cons

New management has significantly turned the department around. But with good things come sacrifices. Management as well as a lot of the Internal Audit staff are ex-Big 4. Even though most of us left to get a work/life balance, to get more exposure to different business areas, less happy hours, it seems thats where management wants to take this department. Work/life seems to be a joke. If you're not working 45+ hours, you're not working. Working remotely has become next to impossible b/c of how management "perceives" working from home. Most of the department are single late 20's, early 30's who want to work 50+ hour weeks. If you have a family and value a work/life balance, you have two options: 1.) don't work in Internal Audit or 2.) understand that when you leave at 4-5pm, it'll be either frowned upon or conversations will happen behind your back. Due to cost savings, a ton of LPLs IT department has been transitioned off-shore and most positions are being recruited for in Charlotte, NC (where the wages and cost of living is a lot lower than San Diego). There is constant turnover of staff, not only in Internal Audit, but also throughout the organization. Many times upper management leaves without even providing two-week notice (e.g., ex president of LPL).

1.0
May 8, 2015
Recommend
CEO approval
Business Outlook

Pros

Nice facility (gym, cafeteria and desks that go up and down to allow you to sit or stand). Decent benefits (401K, health, dental). Many nice people to work with.

Cons

Terrible, unfair pay for loyal employees. I have been in the Service Center for over 9 years and the new hires make nearly as much as I do under the new, improved compensation guidelines...LPL will not adjust the salaries of the long-term, loyal employee. The Service Center is integrating Monet workforce software which is indicative of a management that does not trust its employees...I can no longer go to the bathroom when I want and breaks & lunches are no longer consistently planned...I can only go to break or lunch if the software program indicates that call volume is at an acceptable level for me to go eat. "Bottom-line" mentality also manifests in rampant outsourcing which creates endless operational errors. Hugely inefficient processes. You must be married to a working spouse in order to make enough to live sufficiently

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