LPL Financial reviews

3.4

55% would recommend to a friend

(2,094 total reviews)
avatar

Rich Steinmeier

66% approve of CEO

56% positive business outlook

LPL Financial has an employee rating of 3.4 out of 5 stars, based on 2,094 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
1.0
Apr 2, 2016

Great If You Are A 30 Year Old Male

Recommend
CEO approval
Business Outlook

Pros

I was told this my first week on the job, but didn't want to believe it. Maybe the SD office is better, but not in Charlotte.

Cons

Poor management with weak leadership skills. Little to no opportunity to move up unless you fit the profile. Salary freeze. Company is moving. Salaries are below industry standard.

1.0
Aug 17, 2015
Recommend
CEO approval
Business Outlook

Pros

Independent Adviser model is best in the industry. Involved Board of Directors cared about want the company is doing. Advisers provide feedback and let you know what they think.

Cons

Trying to be everything to everyone. Technology Leadership is poor. No strategy. Unable to execute on basic projects. Developers do not have the skill sets to do the work required. Downhill decline continues.....

2.0
Jan 4, 2015
Recommend
CEO approval
Business Outlook

Pros

New 13-story building with lots of amenities; adjustable ergonomic desks, cafeteria serving good, healthy options, onsite gym and clinic, game room, Starbucks. Excellent work environment, flexible schedules, good benefits, work/life balance. Smart, friendly, hard working people there, lots of great talent. Decent technology, getting better. 25 cent sodas, good location.

Cons

Very political and cut-throat, the textbook definition of a good ol' boys club. Rampant outsourcing throughout the company to increase the bottom line, beholden to their shareholders and not the employees. Very poor communication throughout the company (lots of silos). The company is very reactionary, and seems to always be in fire-fighting mode. Pay was good at first, but meager merit increases (usually .40 to .60 per year), meant you fell behind market-rate relatively quickly. The company is insanely top-heavy; there are tons of AVPs and VPs doing the job of a manager or a business analyst, and yet are not managing people (nor do they have management skills.) People are considered expendable; half of the software engineers and PMs were contractors that were kept for a year or longer, then suddenly let go at a moments notice when management decided they weren't needed anymore (lots of churn and burn.) There is so much more than the above, and this is only scratching the surface.

Viewing 94 - 96 of 2,094 Reviews

Glassdoor has 2,437 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.