Manager - Internal Consulting (Former Employee) – San Diego, CA – June 12, 2017
Large number of layoffs and no job security. Management were too concerned in protecting their positions at any cost. Management was too concerned with cutting costs rather than providing a decent workplace environment.
Accounting Intern (Former Employee) – San Mateo, CA – June 9, 2017
I mostly was involved with office administration work and organization and constant filing of tax documents, although I did pick up on how to perform bookkeeping which I felt was able to get hands-on experience from what I was learning in school.
Project Manager DLP (Former Employee) – Ft. Mill, SC – June 7, 2017
I have been working at LPL Financial full-time (More than 3 years) Pros Relaxed atmosphere, creative business, not dollar driven but makes money on integrity. Thinks beyond traditional broker, highly motivated owner. Great place for personal growth. Cons Highly regulated business, a lot of continuing education. Ever changing regulations. Market volatility and client hand holding with clients to help them understand investments. Advice to Management Delegate more to grow business. Owner is very hand on and like to have control of all aspect of the business and clients.
Productive and fun environment with a ping pong table
Cost Basis Specialist (Contract) (Current Employee) – San Diego, CA – June 6, 2017
LPL is a great place to work. Everyone works very hard to meet deadlines even though they are not micromanaged by managers. This is because the managers trust us to get our work done.
My job is mainly data entry, which can get boring, but there are so many things I get to work on so I dont get bored. Its awesome that they trust me to work on so many projects even though I have only been here for a year. Best management that I have ever had!
Great building and amenities and most associates are wonderful!
Registered Sales Assistant (Current Employee) – Fort Mill, SC – May 22, 2017
I love the building and all the amenities (wellness center, full gym, cafeteria, outside living area) and most of the employees are happy here with great attitudes. They do push for job advancement, or career change within LPL, but the managers, IF you are a good employee, can make advancement to another department difficult, which can be understandable as they don't want to lose a valuable associate and have to retrain someone new. The bad side is LPL is notorious for layoffs, so you're never really 100% secure, but I guess you really could say that with any other companies also.
SENIOR BUSINESS ANALYST- PROCUREMENT (Current Employee) – Fort Mill, SC – May 18, 2017
A typical day would be located in the new state of the art building located in Fort Mill, SC. The company has a culture of continuous learning and personal development. While working at LPL I have learned to trust my intellect and take initiative on things out of my day to day job. The management team encourages and empowers employees to make decisions and take necessary risk.
Marketing Regulatory Review (Former Employee) – Boston, MA – May 18, 2017
The writing is on the wall... major culture shift in the last 18 months becoming increasingly micro in management style across departments. Company is undergoing a relocation to a new campus in SC. Career opportunities are limited unless you are there. As a result, lots of new hires with limited understanding of the business. A "buyout" offer was floated in the financial media last year. Putting two and two together, I'd say there is some turmoil within the firm. Used to be a fun place to work, unfortunately not any more.
Anonymous (Former Employee) – Fort Mill, SC – May 16, 2017
Good company but I would steer clear of GRC. Horrible management, extremely unprofessional. Deputy Chief Risk Officer is extremely abusive to all direct and indirect reports. Trust this review....don't do it. Try to join a different department within the firm.
Help Desk/Email Migration Technician (Former Employee) – San Diego, CA – April 25, 2017
Beautiful new building. Lots of light. Motorized desktops (up & down). They pay employees well. I was there for a contract project, so... Lounge areas on every floor, with kitchen areas, big screen TVs, really inexpensive soft drinks. Cafeteria/restaurant on site. Food is sometimes great. Company gave pre-paid cards for use in cafeteria & Starbucks area. I never paid for anything. Had money left over when I left.
Enjoyed working for the Company - did not like the lay-offs
Custody Manager (Former Employee) – San Diego, CA – April 24, 2017
Moved from managing the Custody Department to Inside Advisory Sales support. The last position was all phone support, with minimal supervision. Sales team expectations were extremely high. Upper Management was not focused on sales division, but rather operations departments, so lay-offs hit our department first when the market crashed in 2008/2009.
Work environment was excellent and fellow co-workers were as well. It was mainly the markets that can change everything in this industry.