Extremely Poor Business Development Decisions - Anonymous employee LPL Financial Employee Review

2.0
24 Feb 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Great location (San Diego, NOT Fort Mill!). 401K match is nice.

Cons

Where to begin? Leaders ruling with iron fist, creating fear and mistrust. CEO has no clue how poor of a job his direct reports are doing (because he never asks!). Repeated compensation and territory changes every single year, sometimes twice a year, and never benefits employees/recruiters. Benefits were good, but then they changed HMO to Kaiser which has about 2 urgent care facilities in the entire county. Not good.

Explore other reviews about LPL Financial

5.0
3 May 2026
Recommend
CEO approval
Business outlook

Pros

Great culture and work life balance

Cons

Pay for area of living on lower side

2.0
23 May 2026
Recommend
CEO approval
Business outlook

Pros

LPL Financial offers a flexible hybrid work model, which is one of the better aspects of the company. Managers are generally not overly strict about specific in-office days, giving employees some flexibility in managing their schedules.

Cons

Work-life balance is a major challenge. Weekend release work is common, often averaging two weekends per month, yet there is no overtime compensation. Employees are essentially expected to work a full workweek plus weekends when needed, which has contributed to high turnover on some teams. The culture can also feel harsh and impersonal. Leadership rarely expresses appreciation or recognition for employee contributions, which negatively impacts morale. Some managers come across as cold or overly task-focused, creating an environment where employees feel valued only for output rather than as people. There also appears to be a lack of trust between employees and leadership. Many teammates do not seem confident that leadership understands or genuinely addresses their concerns. Overall, morale feels low, and recognition for strong performance appears limited.

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