Company changing; stock price over Employees and Advisors - Anonymous employee LPL Financial Employee Review

2.0
Mar 16, 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Great facilities; fantastic Advisors; financially stable (for now)

Cons

Company used to be very balanced between the welfare of the Advisors and the welfare of the employees. Since going public, every year the company becomes less concerned about the welfare of the Advisors and employees, and more concerned about the performance of the stock. Stock compensation of senior leadership has led to a focus on maximizing short-term success over long-term stability and growth. Average tenure is on the decline, and the last time that happened it led to a lot of challenges for the company. This used to be a company you wanted to stay with long-term, but now it's become a step on the ladder to a better company.

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5.0
May 12, 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

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2.0
May 23, 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
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