Latest review first
Buy a mutual fund, fees, liquidate a mutual fund, more fees, transfer your account, more,more,more fees and penalties. lpl will suck so much in various fees its hard to believe they exist in today's environment. As my advisor puts it, they leach from you and me as long...Read more
My father in law was foolish enough to move all his assets to LPL in his later years. Every account was set up to transfer on death, and his four children were named as beneficiaries. It has been five weeks, and EVERY.SINGLE.DAY. they have come up with a different...Read more
Their primary focus is the highest fee charge possible than financial advisor or customer's investment growth. Never been informed about the fees nor transfer of my account. NO customer service nor satisfaction. They never follow up on the issues nor care for the...Read more
I didn't like
- Worst customer services
After being a customer for 10 years I realized that LPL Financial is suck and they suck their customers. I lost money and capital on their investment. But, even worst they charged me 10% commission to close my account and never communicated with me in 10 years. What...Read more
I thought mine was a unique experience but after reading other reviews here, clearly it was not. When I wanted to transfer funds to another firm in order to consolidate my retirement accounts, I was met with an obnoxious and condescending response from my advisor....Read more
I have over 9 hours into trying to liquidate an account that they send statements on...(they have had my $ for over 15 yrs) They have demanded an account application (7 pages) Fax only, who uses fax? then did that and they said it was the wrong #, so I am sending to...Read more
My mother had an account with LPL. After she passed away she left me with an inheritance. That was September 2017. It's now February 2018 and I cannot seem to pry the inheritance away from LPL's greedy and incompetent hands. They forced me to open an account with them....Read more
I didn't like
- Being coerced
Just like many of the other complaints here, I was lied to and stonewalled when trying to close my account and get my money back. I had a structured CD that I was assured had no fees, yet they charged me to close the account. Took talking to 6 different customer...Read more
Lpl Financial - Theft of account funds.
TERRIBLE INVESTMENT COMPANY!!!.after account showed ridiculous small gain in etf & bond gain,two days after request to transfer entire acct into a preferred stock,which was booming,they did so,but acct showed 600.00 less in balance that was transferred.where did 600.00 go in two days? They stole that amount right off the top.
For six weeks I have been trying to transfer assets from my late mother's LPL account to her heirs. I have talked to 11 different people and submitted 6 different notarized forms and still have not completed the process. Her LPL agent in Portland -- Tom Berry --...Read more
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