Used to be a great company until the new CHRO arrived - Vice President LPL Financial Employee Review

3.0
Dec 24, 2024
Recommend
CEO approval
Business outlook

Pros

Awesome team members, great business opportunities for continued growth, new CEO seems to have the right intent, but he is trusting people who are not giving him the right info or advice.

Cons

New CHRO has created a culture that does not care about people, impossible to dissent, very tactical work, no real pwople strategy, very hard work with zero recognition, compensation is below market, yet the keep cutting: eg. When they run out of things to cut or costs to raise, they most recently eliminated the mobile reimbursement which was already low from prior cuts ( at $20). They assume people will use their own phones, while working very long hours, without any recognition and lousy salary increases that are consistently and significantly below market. Yet, there is such a culture of not speaking truth to power, and the new CHRO is so incompetent and only concerned about self preservation, that no one speaks truth to LT. There are no career growth opportunities. Culture of hiring externally, even though they should have realized by now that that strategy does not work as proven by the number of senior leaders they later turned over the years

Explore other reviews about LPL Financial

5.0
May 27, 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
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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