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Lost over twenty thousand dollars in 5 years. Did not put our stocks where we asked, and was put in a high risk account. Not what we wanted! Finally pulled our stocks out. I would have made more money in a savings account. Did not answer phone calls, the stacks of...
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Review
#973798 Review #973798 is a subjective opinion of poster.
Pros
  • Initial speal on making us money
Cons
  • Advisor collected fees even when account lost money
  • Did not listen to us
  • Not cooperative
Reason of review
Poor customer service

Lpl Financial Account Review

*** can't even setup a account online
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Review
#973308 Review #973308 is a subjective opinion of poster.
Bad uncaring service, hidden fees are just the beginning. I am glad to finally shake them off. For example, the money transfer which was supposed to take a maximum of two weeks, with this organization took six weeks and that was after four emails and five telephone...
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Review
#971908 Review #971908 is a subjective opinion of poster.
Reason of review
Not as described/ advertised
About 5 years ago when the interest on regular CD's took a huge nose dive, my mother's bank (People's Bank of Paducah, KY) suggested that we invest our money in a market CD. This type of CD pays money based on the market without actually buying stock or at least this...
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Review
#963450 Review #963450 is a subjective opinion of poster.
Reason of review
Took to much $ for sale 1 year early- crooks!!!
Loss
$1000
Preferred solution
Full refund
Tags
  • failure to execute as stated
  • Bad Will Investment Liability
  • Lpl Ripoff
1.0
Details
I had been managing my own investments and portfolio for years, but it was time consuming and exhausting trying to manage accounts from numerous previous employers. So, I thought that I would consolidate some of the accounts and allow a custodian/advisor to manage my...
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Review
#957065 Review #957065 is a subjective opinion of poster.
Cons
  • Advisor collected fees even when account lost money
  • Funds were constantly purchased and sold at a loss
  • Advisor did not diversify account against market downturn
Reason of review
dishonest trading practices
Loss
$22000
Preferred solution
Full refund
2.0
Details
I got a letter showing an address that I have not lived at for over 3 years, still on the records for me because my local agent did not change it when I have gone to him within that last 2 years, possibly 1 year. This is as outrageous as having to pay PGE more...
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Review
#931687 Review #931687 is a subjective opinion of poster.
Cons
  • No sharing of information throughout the company
Reason of review
Why was my address not changed?
Preferred solution
Let the company propose a solution
1.5
Details
Went to cash in my LPL account and lost a few thousand dollars in the process. It took several days after I requested the change. I have experienced below average results versus expectations. Once you decide to change investments you should get what you ask for. Not...
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Review
#922785 Review #922785 is a subjective opinion of poster.
Reason of review
Problems with payment
My Financial Advisor in Beaverton, Oregon who utilizes LPL Financial as his investment platform, painted a rosy picture of my retirement income outlook, but failed to mention all the hidden expenses and how they make money regardless of how you do. As a result I lost...
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4 comments
Anonymous
#1232365

I worked with an advisor out of Stanwood, Wa. He was vastly incompetent could not make money in an up market!

Always had an excuse though. I lost money while others around me with a different money manager made money.

I strongly suggest looking elsewhere!

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Review
#887743 Review #887743 is a subjective opinion of poster.
Reason of review
Poor customer service
I was stunned when I heard that Suzanna Dwyer passed away. She was a wonderful human being and I highly respected her judgement. I really enjoyed working with her very much. I was one of Suzanna's accounts. I expected that her accounts would be continued or other...
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Review
#853095 Review #853095 is a subjective opinion of poster.
1.0
Details
After investing with LPL several years ago, the junkmail started rolling in. My mailbox was blowing up with prospectus mailers, investment information, proxy voting stuff, on and on. Despite repeated calls to the company to go paperless, it does not slow down, and the...
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2 comments
Anonymous
#1395048

You need to tell your advisor that he has to send you an EP and F591 form for your accounts. Only then can your prospectuses and corporate communication become paperless.

The fund companies are the ones sending you this junk--not LPL.

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Review
#852971 Review #852971 is a subjective opinion of poster.
Cons
  • No customer service
Reason of review
Poor customer service
Preferred solution
Let the company propose a solution