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
12 May 2026
Recommend
CEO approval
Business outlook

Pros

Great Resources and support teams!

Cons

Too much back office turnover at times leaves support team lacking accurate answers

1
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.

3
See reviews by: Helpful|Rating|Date|All