Latest review first
Lpl Financial - No proactive leadership
If you put your money in LPL good luck. No repositioning, no pro active look ahead. Your money is dead if the market doesn’t move. Very sad they don’t weigh in on trends. Take the fees and poor customers. Never again after many years!
Lpl Financial - Don’t ever close your account
I recently closed out a small mutual fund IRA. They charged nearly 20% in fees. I would never use them again for any investments.
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...Read more
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...Read more
- Initial speal on making us money
I didn't like
- End result
- Back office difficult
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....Read more
For transactions occurring on weekdays, there is a 24 hour lag time to see anything. If transactions occur on a weekend with a Monday holiday, you will wait 4-5 days to see anything.Read more
i would like to know what can be done about my financial adviser. what he has done absolutely must be fraud, poor ethics, a flat out lie or total incompetence. let me explain. i took out a number of annuities with ed fredericks 500 post road westport ct. this is how he...Read more
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...Read more
I was an advisor that was “purchased” last year by a LPL merger. They rant and raves how good their service was to us the advisor. I found out in 25 days of the official acquisition that this was not the case. I was hit for some licensing fees and when I called the...Read more
As usual at tax time, I opted to reduce my tax burden by sending some money to my traditional IRA, held in a mutual fund. As it happens, my broker of many years had recently changed his affiliation to LPL Financial (not having any reason to doubt his choice, I signed...Read more
I didn't like
- Lack of professional courtesy zero customer service
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