LPL Financial - Not Good
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 as the stock price goes up. The paperwork they require is massive and only to protect themselves. lpl is not a bad company, it is evil. Advisor was not happy at all with where she worked.
Always in the news for feckless compliance, for advisor attrition, for big fees and failed performance. Best advice, if you are thinking about lpl, look at many of the much better firms, less greedy to deal with, it will save you a lot.
Reason of review: Poor customer service.
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