Product: Lpl Financial Financial Advisor Clear all filters (8 of 8 reviews match)
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LPL Financial in Sumter, South Carolina - LPL is a horrible company and their advisors are liars.

1.0
Details
Advisor traded securites without my knowledge and lost money during a raging bull market. She lied consistently and steered me into other garbage "investments " that lost money but earned her a huge commission. Notjing but a common criminal who belongs in prison. The only positive from the experience is I now no longer trust ANYONE with my money other than yours trurly so now I manage my own portfolio. I encourage everyone to do the same. Find an online brokerage firm and invest in a low cost index fund. Vanguard and others have several that will fit your needs. No advisor fees, no custodial fees, no 25 dollar trades, no mystery fees, no lies and no games. It's easy and anyone can do it.
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Review
#1480973 Review #1480973 is a subjective opinion of poster.
Service
Lpl Financial Financial Advisor
Reason of review
Poor customer service
Doesn't anyone have anything positive to say about this company?
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1 comment
Anonymous
#1651429

They are prolific liars, crooks, thieves con artists, scammers, and all around horrible dishonest people . They are excellent at steering you into garbage products.

They do a good job at losing your money. They are excellent at fraud, self dealing, and did I mention lying? They are prolific liars, crooks, thieves con artists, scammers, and all around horrible dishonest people . They are excellent at steering you into garbage products.

They do a good job at losing your money. They are excellent at fraud, self dealing, and did I mention lying?

Review
#1450696 Review #1450696 is a subjective opinion of poster.
Service
Lpl Financial Financial Advisor
1.4
Details
Invested 16k in an ira. I initially wanted just a basic Index Fund. He used a Salesman Spiel 2 convince me to let him invest . Result: if I had put it in the index I wanted, I would have had 25000+ . Instead I now have 14000--a loss during four years when the market...
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Review
#1409481 Review #1409481 is a subjective opinion of poster.
Service
Lpl Financial Financial Advisor
1.7
Details
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...
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4 comments
FortunateTortoise518
#1723447

Wow, this is word for word what my husband is going through. His mother passed away in May 2018.

We closed her secession 2 months ago and we are still waiting for funds dispersment. My husband and his sister signed paperwork on a Thursday then Monday they sent a whole different set of papers saying the ones previous were incomplete because of a server problem or something. A server doesn't send out a totally different set of papers. Not one dollar amount was ever on any of the papers.

No fee amount. Nothing. I started getting skeptical but my husband is a more patient person. 2 weeks ago we got an email saying the checks were going out and confirmed our mailing addresses.

2 weeks, no checks. No return calls, no return emails. I showed my husband this review today and now he decides to get upset. He is on the phone with the corporate office and guess what......there was never a check ordered, account never closed or anything sold off.

So were they still pocketing interest and commissions? Pissed Customer #2

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Review
#1241087 Review #1241087 is a subjective opinion of poster.
Service
Lpl Financial Financial Advisor
Reason of review
Poor customer service
1.0
Details
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....
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Review
#1205955 Review #1205955 is a subjective opinion of poster.
Service
Lpl Financial Financial Advisor
Cons
  • Being dismissed and ignored
Reason of review
Poor customer service
Preferred solution
This advisor should have a disclosure on his record based on my complaint
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 -- refused...
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1 comment
Anonymous
#1537106

I've been trying for two weeks to transfer my IRA back to my employer sponsored plan (from where it was originally before I was coerced into putting it with an advisor at LPL......who by the way UNDERPERFORMED significantly the ROI with my employer's plan had I left it there....PLUS I had to pay this quack 1% to lose my money??)..........tons of phone calls, LPL employees that dont communicate; all incompetent. They should be shut down.

It's like they are holding my IRA hostage now so they get more fees. Ill sue.

Review
#1144260 Review #1144260 is a subjective opinion of poster.
Service
Lpl Financial Financial Advisor
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.
Service
Lpl Financial Financial Advisor
Pros
  • Monthly reports are good
Cons
  • Advisor qualifications
Reason of review
Bad Advisor, Poor supervision, Few Advisor qualification required
Loss
$50000
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.
Service
Lpl Financial Financial Advisor
Reason of review
Poor customer service

Contact LPL Financial Customer Service

Mailing Address:
LPL Financial
9785 Towne Centre Drive
San Diego, California 92121
United States
Phone:
(800) 877-7210
All LPL Financial Contacts