Lpl Financial Retirement Investment Service Reviews

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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 $50K in less than a year while he and LPL made money. Be very careful of any Financial Advisor or Planner who utilizes LPL as their investment platform appears to favor brokers over...
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Anonymous

Anonymous 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 ...

Anonymous

Anonymous Sorry for your financial loss. I am dealing with about $6000 in one mutual fund in my dad's estate. Not only does LPL charge crazy high fees and commissions, they have all s...

I brought my rollover IRA to LPL in October. I understood that I would begin a monthly income based on interest only but to date My Principal is down $7000. I'm even more disturbed when I read the complaints from other account holders as well as the lawsuits. The only saving grace is that my Advisor is moving to another company. Thank God that he is not staying on a sinking ship and taking me down with him
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Anonymous

Anonymous Hello Marion I am considering going with this company. I would really like to speak with You.

I specifically asked for a more conservative 5 to 6% investment strategy because this is my savings for retirement in 4 years. My agent selected a portfolio of funds that seemed pretty stable and 3 alternative investments that require a 4 year hands off approach. As the market began to swing, I noticed losses started to pile up. I started to question his selection of funds because they showed a very high sensitivity to the market. Bottom line,...
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1.0
I didn't like
  • No accountability for performance
  • Losing money when my usb acct is doing well
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