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      LPL Financial

      Engaged Employer

      LPL Financial reviews

      3.4

      56% would recommend to a friend

      (2,096 total reviews)
      avatar

      Rich Steinmeier

      66% approve of CEO

      57% positive business outlook

      Ratings by category

      3.8

      Diversity & inclusion

      3.5

      Work/Life balance

      3.4

      Culture & values

      3.3

      Compensation and benefits

      3.3

      Career opportunities

      3.0

      Senior management

      LPL Financial has an employee rating of 3.4 out of 5 stars, based on 2,096 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).

      Ratings by demographic groups

      Reviews by job title

      2K reviews
      1.0
      Sep 22, 2012

      Turnover high... Moral low

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Free food (fruit, cereal, peanut butter, jelly). New offices and young group.

      Cons

      Too many bosses, structure is confusing in company. Moved to a new floor to become "one company" only to be separation between operations/tech/executives. Pay for parking (company is too cheap to pay the $30 per month/per employee and only $30 commuting benefits when metro costs $2.85 each way during rush hour. Autonomy since company purchase is low (Fortigent to now LPL Financial), feels like LPL is Big Brother. Reviews are a joke, perception is everything and actual work is nothing. Flexibility is gone, punch in/punch out is like being in 5th grade, no upward mobility, do the same thing year after year with little changes.

      2.0
      Sep 14, 2012

      Get what you want up front

      Software engineer
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good technical personnel. There are a few very good managers. Some culture problems are getting addressed.

      Cons

      Bad morale, dysfunctional software engineering processes, high turnover, weak management overall; especially senior executives.

      3.0
      Aug 16, 2012

      It'll do for now.

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Benefits are good, and the cost is low compared to other employers. For the most part, teammates are good people and fun to work with. Tons of online training materials to learn about other departments in the firm. Growth potential if you have what it takes and are able to meet people outside of your unit bubble. Advancement opportunities given to employees that were impacted by offshoring initiative (versus being kicked to the curb).

      Cons

      Idle employee moral crushed once offshoring was announced, even in departments that were not impacted. Oversaturated management structure. Cancel the meetings and put them to work. While they do appear to be "trying", employee engagement is lacking. You're encouraged to attend offsite events but then pressured to attend when it's clear nobody has an interest in going. Advisors fairly abusive toward employees due to their own mistakes and lack of attention to detail. Although unspoken, the "you wouldn't have a paycheck if we didn't have advisors" is not a mantra that should not be preached.

      Viewing 226 - 228 of 2,096 Reviews
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      ReviewsLPL Financial reviews

      Glassdoor has 2,439 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.