Product: Lpl Financial Investment Service Clear all filters (15 of 15 reviews match)
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1.0
Details
You cannot talk to anyone at LPL, only your advisor which in my case is the one who initiated the infraction in the first place. When they find out you have a complaint they refer you to an attorney and now you are in "quick sand" as nothing moves. This has been going...
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3 comments
Anonymous
#1757797

LPL Finicial advisor, advised my elderly mother to purchase non trade funds, which the advisor made a high commission. Now my mother is not able to get rid of without a large lost.

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Review
#1519061 Review #1519061 is a subjective opinion of poster.
Service
Lpl Financial Investment Service
Cons
  • Illegal and unethical practices
  • Advisor qualifications
Reason of review
Poor customer service
Loss
$55000
Preferred solution
Full refund
3.3
Details
Just got a letter from Capital Forensics who provides "consulting" for LPL and they notified me LPL had a security breach and they would provide me with 2 yrs of membership in All Clear ID ??? What is this !!?? Sounds like a scam to me. Withdraw most of my funds and...
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Review
#1404602 Review #1404602 is a subjective opinion of poster.
Service
Lpl Financial Investment Service
Pros
  • Rep
  • Initial speal on making us money
Cons
  • Back office difficult
  • End result
Reason of review
Poor customer service
Loss
$1
Preferred solution
Consumer alert !!
It's very important to understand LPL's business model to get a full understanding of just how dishonest they are. If you notice, LPL never directly solicits business from individual investors. They solicit financial advisors with an established clientele to join them....
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1 comment
Anonymous
#1603904

Sounds about right. *** Avoid or plan on losing your money.

Review
#1366300 Review #1366300 is a subjective opinion of poster.
Service
Lpl Financial Investment Service
Reason of review
Bad quality
1.0
Details
Mark Lester dropped my mom when she needed jer help the most. Mr.lester bowed out of my moms account. My dad passed and my brother and o were anxiois to know if she was financially stable. In stead of tlking to my he dump us xiting the family made him umcomfortable and...
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1 comment
Anonymous
#1740164

Marc Lester did exactly the same thing to our family. When my mother-in-law went in to skilled care, I was given her POA and called Marc.

His immediate response was to dump her account.

After talking with my mother-in-law, we found that he had provided no service for all the years he had her account. When asked to actually provide some service, he bailed and refused to service her account or answer any questions.

Review
#1312073 Review #1312073 is a subjective opinion of poster.
Service
Lpl Financial Investment Service
1.8
Details
Why under Activity Summary on pg 3 of 6 is there ONLY info on Div/Int/CG and Fees/Exp?Why is there no way to determine any Gain (+ or -) of finances for a given month on the statement? It seems this info is being withheld, omitted or exempt for whatever reason LPL...
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Review
#1127747 Review #1127747 is a subjective opinion of poster.
Service
Lpl Financial Investment Service
Reason of review
Imcomplete reporting statements
Preferred solution
Put statements back to the way they were prior to June 2017 - period IF LPL is not willing to disclose all finances on monthly reporting statements!
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.
Service
Lpl Financial Investment Service
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
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.
Service
Lpl Financial Investment Service
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
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.
Service
Lpl Financial Investment Service
Reason of review
Problems with payment

Lpl Financial Investment Service Review

Lost $12,000 in less than a year thoroughly disgusted with the lack of regard for others money, completely incompetent staff. I do highly discourage anybody from investing with them.
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Review
#831374 Review #831374 is a subjective opinion of poster.
Service
Lpl Financial Investment Service
Reason of review
Problems with payment

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
1.8
Details
I moved my trust fund to LPL in Dec of 2014. I HAD $685k to start with. They have successfully lost over $50k just this past year, 2015, alone. Initially, I was told I would receive around $3000/mo income. That quickly changed to $2300 and the $3000 quote was...
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Review
#774577 Review #774577 is a subjective opinion of poster.
Service
Lpl Financial Investment Service
Reason of review
Losing money left and right.
Loss
$51000
Preferred solution
I would like to move my trust fund money to a different firm.