LPL Financial Reviews

3.4

56% would recommend to a friend

(2,082 total reviews)
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Rich Steinmeier

66% approve of CEO

57% positive business outlook

LPL Financial has an employee rating of 3.4 out of 5 stars, based on 2,082 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 Finance industry (3.7 stars).

Reviews by job title

2K reviews
3.0
11 July 2024
Recommend
CEO approval
Business outlook

Pros

Incredible time off. Great people to work with. Opportunity for growth (unless you're remote...). A company that I thought I would spend years at because of how much I enjoyed working there.

Cons

I have to preface this with the fact that I love working for LPL and believed in the mission of the company. LPL has changed in the past few months. The CEO went from blaring his horn about "Be Great From Anywhere" and we used that as a recruitment strategy. I was a benefactor of this strategy being hired out of state from any office location. After two years here, I truly thought I'd have a future of growth, but that quickly changed in the past few months. Now the strategy is "Be Great From One Of Our Office Locations"... No mention from the CEO about how his push for us to hire remote talent all across the US, are now faced with either moving across the country to keep their job or be forced to look for a new job in what is still a bad labor market. All that was said is a statement about a vague timeline of when you'd likely need to be back in office but also check with your org. Pretty disappointed with how things have changed here, and uncertain of my own future here after this. Honestly, this feels more like a way for them to conduct a layoff without calling it a layoff - get everyone remote to quit or be laid off due to not moving.

1.0
28 May 2019
Recommend
CEO approval
Business outlook

Pros

I thoroughly enjoyed this position when I began my career path with LPL. I had high hopes and fully intended to make a career within this company by becoming an expert in my field and thriving within the legal department. I thought I had an opportunity to do so and did meet a number of professionals along the way that were a pleasure to work with and would have helped any of their colleagues achieve their desired goals. Morale was great and the team that I worked with was friendly and effective. A number of us, past and current colleagues, still keep in touch. This was a family. Once the leadership of the company began to change all of the aspirations I had and the culture of the company were suddenly no more.

Cons

Leadership of all levels are oblivious as to how to treat their employees or run said departments. A company that once looked to their employees for feedback no longer cares for their opinions or the value they add to the company. Senior management has taken a position to harass and bully employees forcing many to seek new employment. The toxicity and hostility of the environment has forced other former colleagues to quit without securing employment elsewhere when the environment has become unbearable. You are honestly left with the decision of choosing between a paycheck or your mental and emotional health - I took the first position I was offered outside of the company as well as a pay cut because I could not handle the hostility of the department I was working in or the ineptitude of Senior and Executive Management. Senior management has tormented colleagues both publicly and privately among immediate colleagues and colleagues outside of the department. Numerous pleas to HR and employee relations have gone unanswered or ignored. Apparently all you need to do is have a connection with an executive to destroy the morale in department without consequence.

2.0
11 Apr 2025

LPL is losing its grip

Recommend
CEO approval
Business outlook

Pros

Great company with lots of great attributes and very innovative but all of this means nothing if the bad seeds are allowed to infest the organization.

Cons

LPL has systemically let go of all of the employees who have any courage at all and has promoted a group of "YES" men and women to leadership most of whom have no idea what they are doing and are great at managing up. If we are to properly service 50K advisors, we simply need people who have courage and can get the work done and know what they are doing and if not have the courage to ask! Stop hiring people who don't know our business and moving out the people who actually know whats going on... There are departments on fire where everyone is leaving! What is being done about this?

Viewing 1 - 3 of 2,082 Reviews

Glassdoor has 2,425 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.