LPL Financial reviews

3.4

57% would recommend to a friend

(556 total reviews)
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Rich Steinmeier

65% approve of CEO

58% positive business outlook

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556 reviews

Reviews about "Compensation"

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5.0
Apr 12, 2013

Great experience

Recommend
CEO approval
Business Outlook

Pros

best platform and programs geared to maximize growth at all income levels

Cons

if your new as always the con is building your book of business enough to maintain your salary

3.0
Apr 11, 2013

Analyst

Recommend
CEO approval
Business Outlook

Pros

ability to work independently, freedom, some room to grow

Cons

some room to grow, low-end salary

3.0
Mar 17, 2013
Recommend
CEO approval
Business Outlook

Pros

LPL has an above average 401K lineup, and the benefits are pretty good. It is a great place to build a base knowledge about the industry, and the potential for an upward career path.

Cons

It has been frustrating with the people that get promoted into Manager, AVP, and VP positions. Although they may have the technical knowledge, too many have almost no understanding of what it takes to be a great manager of people. At the same time, this may be because being a manager of people is an acquired skill, which takes not only time, but a desire to learn. And if there is no incentive to try to get the best out of your employees, eventually they become disengaged. Also, almost everyone seems to be paid below average for the industry, and raises for the majority are 2% per year. It takes an act of God to get more than this. Lastly, since the major outsourcing initiative was announced in February, which is still pending, the morale in the affected departments is noticeably low. All in the name of improved efficiency and expense management. But such is the world of capitalism.

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