Management and compliance are awful. - Financial Advisor LPL Financial Employee Review

2.0
27 Jan 2011
Recommend
CEO approval
Business outlook

Pros

It is fine if you want a place as an independent with comparable compensation with other independents.

Cons

Compliance is awful. I have been an advisor for 19 yrs, I have never received even one complaint. My production is in the 600K level, My business is almost exclusively wrap accts where i charge a max 1 percent per yr. Compliance badgers you over picayune stuff . They nickle and dime you on fees. You need a forensic accountant to analyze your production payout sheets. I have an MBA from a top 20 B- School and abhor having to deal with it. I feel like i was not being compensated for all of my wrap fees.

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.

1
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