Company is on the wrong track - Vice President LPL Financial Employee Review

1.0
Sep 16, 2024
Recommend
CEO approval
Business outlook

Pros

Smart people that want to do a good job. Nice offices in Fort Mill.

Cons

The company has simply grown too complex, too large, too fast, without the required resources and investments in technology and processes. This leads to a bad deal for current employees and unrealistic workload, long hours, and lots of chaos and fire drills to meet unrealistic deadlines. Nevertheless, management will grow the company without rewarding the employees that enabled the growth. Pay is way below average and doesn't come close to compensating for the workload and stress. We're also currently on a hiring freeze, but not a growth freeze. The company is being sued for its cash sweeps dealings. This company is a very stressful working environment overall.

Explore other reviews about LPL Financial

5.0
May 3, 2026
Recommend
CEO approval
Business outlook

Pros

Great culture and work life balance

Cons

Pay for area of living on lower side

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.

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