Financial Advisor - Anonymous employee LPL Financial Employee Review

4.0
28 Sept 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

They mostly leave you alone to run your practice. Better than the firms that expect you to do everything for them and they take half of what you make for them providing you office space and a business card.

Cons

Growing Expenses, Errors & Emissions Insurance, Compliance, Home office supervision all up! I have $6,000 more in expenses then I had just last year with LPL. Some of the systems they implement for notices and required corrections are not user friendly and responses are not remedied quickly. Specifically the ProSurv Surveillance system is not user friendly at all. They still take from you before your pay grid. A haircut that isn't really ever transparent.

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.

1.0
2 Jul 2026
Recommend
CEO approval
Business outlook

Pros

Competitive pay — Compensation is solid compared to industry averages. • Pockets of good people — There are teams with genuinely decent, hardworking individuals trying to do the right thing. • Occasional bright spots — A few groups operate professionally despite the broader culture.

Cons

Retaliation everywhere — Speak up and you’re targeted. • Fabricated reviews — Feedback is made up to justify punishment. • Toxic cliques — Closed circles run the place and crush anyone outside them. • Hostile leadership — Belittling and aggression are normalized. • Politics over skill — Competence is irrelevant; alliances decide everything. • Fear‑driven culture — Employees stay silent because retaliation is guaranteed. • Hypocrisy everywhere — You’re excluded, then blamed for not being involved. • Values are a façade — The company talks integrity but operates on intimidation.

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