The company breaks promises - Analyst LPL Financial Employee Review

2.0
21 Jun 2025
Recommend
CEO approval
Business outlook

Pros

Decent benefits and usually has management that will be flexible. Plenty of opportunities to learn.

Cons

First, they will pay you less than market and tell you that it's because they offer a top notch employee experience to make up for it. That was once the case, but not anymore. It was a great place to work. They had a "Be Great From Anywhere" policy that allowed everyone to work from home. They even let people move out of footprint and started hiring from out of footprint. Things took a turn around the time there was a leadership change. They called everyone back to the office and told remote workers they weren't sure what would happen to them, but we'd hear more during Q1 of 2025. Employees in the office were required to be there 3 days per week, but if you're sick on any of those days, you're forced to take PTO instead of simply working from home. Q1 came and went without a word. I wasn't comfortable with the possibility of being forced to move into footprint so I started looking elsewhere. I got a job offer and went to my management with it. I told them I wouldn't leave if I could be assured that my remote status was not under threat. I was given assurance by the SVP over my group that all remote workers (my department has many) were safe. This was in April. June rolled around and there was a "reorganization" and people were laid off. With that reorganization came the message to every remote employee that we had to move to Fort Mill, SC or Tempe, AZ by December 31st or leave with 2 weeks of severance per year served at the company. They say employees are their best asset, but this is what you can expect. Smile in your face but stab you in the back. You can do everything the right way and be a hard worker, but it means nothing. My position is not going away. I'm not being laid off. I'm being forced to move back without any offer of relocation assistance because of a "company decision" (that's reason I was given). I did everything by the book to go remote. I had all the necessary approvals. My team is being gutted because we have so many remote people.

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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