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LPL Financial Services
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14 reviews

LPL Financial Services Employer Reviews

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Adivisory Consultant
Internship (Former Employee), Charlotte, NCAugust 5, 2014
As an intern here I had a chance to gain experice in marketing along with custom clearing servies. LPL has a internal education database which encourages employees to further their education and I really like that. There is always room for promotion and the overall enviornment at LPL Financial and warm and friendly
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What are they thinking?
Administration (Former Employee), Charlotte, NCMarch 11, 2014
What company would spend over $250K on implementing a program which had been working very well over a year, give the program to a manager who hasn't a clue and proceeds to destroy it?
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Truth - Ups and downs
Executive Assistant (Current Employee), Charlotte, NCDecember 12, 2013
Cons: vacation/short breaks/burnt out/not much growth/salary
Can be stressful. Short staffed. Jobs going overseas. Raises are poorly distributed.
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Fast growing company
Supervisor, Account Transfers (Former Employee), North CarolinaOctober 7, 2013
Pros: growth
Cons: management
There are positives and negatives in every work place but its up to each person to find out the information themselves. The are things I loved about working at LPL and certain things i did not.
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the entire onboarding process was scary bad
operations specialist (Former Employee), san diegoSeptember 11, 2013
Pros: nice people
Cons: everything else
Everything was disorganized, paperwork lost, technology issues. The things I saw occur in my brief time there were well below industry norm. Talk of outsourcing was everyday topic. Just nothing really worthwhile about this employer except the people seemed nice.
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Terrible place to work. There is no real growth and you will waste your life here.
operations (Former Employee), san diegoMay 1, 2013
Pros: it is a paycheck
Cons: lowball pay and overworked employees
LPL is very good at making a prospective employee think that they are getting a great job. In reality you will be overworked and underpaid. They are also outsourcing many departments in order to maximize their profits while diminishing yours. In addition, many of the financial advisors are dishonest and dim. Do not work for this company unless you can – more... not find any other job. – less
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Decent benefits, friendly co-workers
Retirement -Finance Clerk (Current Employee), San Diego, CAFebruary 24, 2013
copied from co-worker @ Glassdoor-agreed:
Managers of staff should have people and management skills, as well as be good examples. Managers should conduct themselves in a professional manner at work and function related social unctions.
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OUTSOURCING - To Anyone Considering LPL for Employment
Financial Services Employee (Current Employee), United StatesJanuary 17, 2013
Pros: none that i can think of
Cons: outsourcing, poor management, old technology, very unhappy employees
If you're considering LPL as an employer please know that the company in the beginning stages of outsourcing all employees including everyone from admin assistants to SVPs and managers.

LPL is doing their best to rid themselves of overhead in any manner possible. There are outsourced workers in the company now, all of whom have had their salaries cut – more... while their health insurance premiums have increased. A double dose of bad for them.

This is the future for anyone, SVP and below who is hired by LPL Financial. The company is ridding itself of expenses chiefly because their stock has remained flat from day one.

Upper management is top heavy with far too many executives. If they were to cut 10% off the top tier, nobody would notice and it would add that much more money to the company.

Interestingly, all the cost cutting is being done while the company builds a state of the art multi-storey tower in San Diego and while their top tier management fly back and forth across the country in rented private jets. Luxury for upper management, low salaries and higher health insurance for everyone else.

My best advice to anyone considering LPL as a future employer is to look elsewhere. Take it from this current employee, avoid LPL at all costs. – less
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Good place to work
Operations Specialist, Journals (Current Employee), Charlotte, NCSeptember 2, 2012
Pros: i got to grow
Cons: i wanted more
I learned a lot plus I was able to learn different things in other departments which ment means i was able to grow with the company. Management gave you a chance to grow and learn things, Co-worker are okay no different from any other job but most of all i really enjoy my job i learned alot while i was there.
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Great Company to work for
Operations Supervisor (Former Employee), San Diego, CAAugust 2, 2012
Pros: work environment, benefits
Cons: n/a
LPL is a great place to work. You will hard, but you are valued for your hard work. Also, it you work hard you will move up in the company. Management styles from differ from person to person, but for the most part you are trusted to do your job well without too much micro management. I highly recommend working at LPL.
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Former Employee of LPL Financial
Former Employee (Former Employee), USAJuly 4, 2012
Pros: hard working people
Cons: lowball on salary, burned out employees due to downsizing, odd senior management
Advice for those seeking employment with LPL Financial is to come into the position high as far as salary goes. They do not pay well and will low ball and hope that you go with it. Demand an offer letter with the exact salary you're looking for and the amount of vacation time that had been confirmed with you. Reconfirm benefits. When they made me a – more... verbal offer of employment, LPL tried to lowball me on salary and short change on vacation time. I did not go for it and reminded HR of what had been discussed. THEY CAVED.

It's a fast paced company, featuring an odd mix of mediocre to good senior management, (yes, issues there) and many workers at the SVP level and below are burned out. Turn over is low due solely to the economy. If employment in this area was more stable, it's my belief that numerous people would depart LPL. Numerous. – less
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• Able to demonstrate strength in managing time efficiently in order to prioritize and perform multiple detailed tasks in a fast paced environment.
Life Insurance Specialist (Former Employee), San Diego, CAApril 24, 2012
I am Performance-driven, a Financial professional with strong administrative and financial skills, detail oriented, computer literacy, multi-tasks, with people skills, responsible for the daily business and operations.
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fast-paced, top notch staff, demaninding, good benefits
Sr. Project Manager/AVP (Current Employee), San Diego, CAMarch 11, 2012
Pros: great people, good benefits.
LPL is a leader in the financial services industry. Forward thinking and always changing.