Fantastic Place to Work If You Value Mediocrity and Lack of Vision - Assistant Vice President LPL Financial Employee Review

1.0
10 Jan 2025
Recommend
CEO approval
Business outlook

Pros

Paychecks deposited on time, most employees know their goals by the middle of the year, Halloween party is really fun!

Cons

"Be great from anywhere" abruptly shifted to "return to office" with a confusing and frustrating mandate that could be interpreted differently by each business unit. Business units that wanted to outsource or hire friends chose more aggressive RTO plans that isolated and disengaged team members who were hired as remote. Technology is outdated and not prioritized. "Digital transformation" and "Agile" projects fizzle out because leadership fails to define goals and success metrics, or changes focus before team-defined goals are met. Product teams are really project managers, with no concern for user experience or underlying technology. Despite the relative youth of the firm, most new executive hires come from outdated/old-school companies and don't value innovation or new ideas. Recent layoffs focused on older team members and new hires are focused on junior roles.

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
See reviews by: Helpful|Rating|Date|All