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Working with LPL Financial for what should have been a simple task has been the worst nightmare I have ever experienced. I opened an account and to date I have no money in it since LPL can't seem to figure out how to fund it from an inherited LPL IRA. I have opened...
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Review
#1112780 Review #1112780 is a subjective opinion of poster.
Reason of review
Problems with payment

LPL Financial - The worst customer service ever. Horrible. No help at all. W

I wish a supervisor would call me. 5166501196. Getting run around for a week now. No answers. No one returns calls
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Review
#1106947 Review #1106947 is a subjective opinion of poster.
Reason of review
Poor customer service
2.5
Details
My LPL Financial Advisor, who turned out to be a clever sales-men scammer, lost me $50K in my IRA in less than a year while all along he was making thousands. He advised me to take higher risk than was needed being I was already retired. I was able to pull out most of...
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Review
#1092790 Review #1092790 is a subjective opinion of poster.
Pros
  • Monthly reports are good
Cons
  • Advisor qualifications
Reason of review
Bad Advisor, Poor supervision, Few Advisor qualification required
Loss
$50000
1.0
Details
LPL financial lost 20,000 in my IRA and every single stock sold thru my investment account lost money. This is over a 10 year period. My rate of return was 2%!!! Richard Dragotta my advisor told me not to worry, he would treat me "like family". When I complained about...
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Review
#1044406 Review #1044406 is a subjective opinion of poster.
Cons
  • Losing money
  • Losing money when my usb acct is doing well
  • Advisor collected fees even when account lost money
Reason of review
Poor customer service
Loss
$25000
Preferred solution
Let the company propose a solution
Tags
  • huge losses
2.5
Details
My husband died over a year ago. Even though I have notified LPL Financial twice and provided the death certificate both times, they will not close the account!! This is a terrible way to treat a widow. The account balance is not much, but dwindling due to them...
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Review
#1037317 Review #1037317 is a subjective opinion of poster.
Reason of review
Poor customer service
Loss
$25
Preferred solution
Full refund

Lpl Financial Customer Care Review

LPL is a joke, very unorganized and does not care - my statements were going to someone else, addressed to the other person but with ALL my account information. I called 2 times and nothing was done about it. I can bet that there are others out there that are receiving other people information. Please do not do business with LPL or people that work with LPL.
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Review
#1036643 Review #1036643 is a subjective opinion of poster.
Reason of review
Poor customer service

Short Review on February 09, 2017

1.4
Details
Poor investing only one that made money was LPL.
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Review
#1005409 Review #1005409 is a subjective opinion of poster.
I lost 10K within the first three months of signing up with their West Bloomfield Michigan office. The talked me into staying with them promising to make gains in my account. After three years of giving them a chance I ended up loosing just over 30K. They proposed a...
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Review
#999143 Review #999143 is a subjective opinion of poster.
Reason of review
Poor customer service
1.2
Details
My financial "advisor" is utterly detached from anything that might seem like proactive financial support - taking the form of intelligent advise as a means to enhance my position. That simply "ain't happenin"....No point in belaboring the topic here either, but one...
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Review
#996403 Review #996403 is a subjective opinion of poster.
Reason of review
Poor customer service
1.8
Details
LPL Financial - Lost a lot of money
Moved a nice account that had made money in the past to LPL Agent. Was advised to sell stocks that had paid good checks each year, which was done. Advised to sell tax free bonds in 2015, which was done. Advised to sell all stocks in August 2016, which was done. Advised...
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1 comment
Anonymous
#1348076

The same thing happened to me with LPL financial. The salesman at LPL in West Bloomfield Mi is very poor at what he does. As a note I lost over 40K there in three years

Review
#974314 Review #974314 is a subjective opinion of poster.
Cons
  • Need adviser not salesman
Reason of review
Bad advise from LPL Agent
Loss
$20683
Preferred solution
Let the company propose a solution