Two-Face Culture, Low Pay, Long Hours - Finance Manager LPL Financial Employee Review

1.0
29 Jun 2022
Recommend
CEO approval
Business outlook

Pros

- Will hire externally or internally for front office finance type roles without the typical ivy education / bulge bracket experience - Encourages internal mobility - Pre-pandemic, lots of great young professionals to grow your network - Lots of work to pick up and gain experience

Cons

- The company values etiquette over results - The level of detail on PowerPoint slides that middle and upper management want is pathetic. If your VP or under, be prepared to spend long nights doing insignificant PowerPoint edits - SVP+ act like they are more important than they are (Not all but most) - Lots of Inexperienced managers that tend to be indirect and micromanage - High employee turnover especially in finance. Personable/smart people leave - Company will tell you rapid-growth and pay is “at market” but really this means you will work more for flat pay - Promotion pay is laughable for the effort it will take to earn it - The company is viewed as a low tier financial firm to front office finance professionals Advice: Use LPL as a stepping-stone, cherish the time with your manager if he/she is good, and pay close attention to the management turnover

Explore other reviews about LPL Financial

5.0
12 May 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

1
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
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