Slave to the Shareholder Already - Manager LPL Financial Employee Review

1.0
6 Dec 2015
Recommend
CEO approval
Business outlook

Pros

I've learned a lot at this company and we continue to navigate the waters in an environment of constant change. There's an effort to become an employer of choice, which is a noble cause - but many are wary that it's merely lip service and slight of hand for what lies beneath the surface.

Cons

These days it's just a matter of what shareholders will want next. Of course it's higher profitability - at any cost. Over the last few years, we've been forced to trim down budgets in just about every nook and cranny. Yes - it's wise to operate on a lean philosophy to a degree, but how much more can this budget be reduced. There is an underlying fear that one can be laid off at any time. One can say it's just trimming the fat, but it seems like the higher one moves in rank, the closer they are to being out the door. Politics has always been a problem at LPL, especially in the GRC area. If one leader doesn't like you, they're on a mission to get rid of you. One wrong move and it's career suicide. I thought bringing in Michelle O would change things, but she is still surrounded by old mentalities that continue to foster the wrong culture that LPL is trying to improve. Perhaps it will take more time. My advice to other employees: Get your licenses. Get familiar with as many systems as you can. Build your resume. You never know when the job will quit on you.

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.

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.

2
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