A broker platform I would stay away from - Vice President LPL Financial Employee Review

2.0
12 May 2022
Recommend
CEO approval
Business outlook

Pros

At local level, they provide useful regulatory backbone to smaller independents who want to hang out their own brokerage shop shingle, and use LPL to clear trades and take care of regulatory matters.

Cons

ETF-centric mentality, and where they try to get tricky with alternative assets, they usually are high fee kick-backs to LPL and poor ultimate product choices. They claim independence and being unconflicted, but nothing makes it onto their platform without a fee retrocession to LPL. None of their own funds, per se, but lots of added model management fees in addition the wrap fees. Retail investors mostly still get suckered. Bull market shop that won't handle a real bear market well.

Explore other reviews about LPL Financial

5.0
27 May 2026
Recommend
CEO approval
Business outlook

Pros

I loved my internship here. It was very immersive and everyone was very kind and supportive. Loved the team I worked with.

Cons

Could have been a bit more to do.

1.0
2 July 2026
Recommend
CEO approval
Business outlook

Pros

Competitive pay — Compensation is solid compared to industry averages. • Pockets of good people — There are teams with genuinely decent, hardworking individuals trying to do the right thing. • Occasional bright spots — A few groups operate professionally despite the broader culture.

Cons

Retaliation everywhere — Speak up and you’re targeted. • Fabricated reviews — Feedback is made up to justify punishment. • Toxic cliques — Closed circles run the place and crush anyone outside them. • Hostile leadership — Belittling and aggression are normalized. • Politics over skill — Competence is irrelevant; alliances decide everything. • Fear‑driven culture — Employees stay silent because retaliation is guaranteed. • Hypocrisy everywhere — You’re excluded, then blamed for not being involved. • Values are a façade — The company talks integrity but operates on intimidation.

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