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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!
#1424542
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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.
1.4
Details
Additional Fees
Advertised vs Delivered
Billing Practices
Customer service
Discounts and Special Offers
Diversity of Products or Services
Interest Rate
Price Affordability
Privacy and Data Security
Product or Service Quality
Reliability
Staff
Value for money
Website
#1413004
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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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1.4
#1409481
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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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3.3
I liked
  • Initial speal on making us money
  • Rep
I didn't like
  • End result
  • Back office difficult
#1404602
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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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Anonymous
Anonymous

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

#1366300
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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.
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Anonymous
kitty23

not entirely true. when markets close at 4pm on a Friday and monday is a holiday, you will have Fridays close info the next BUSINESS DAY if monday is s holiday...do the math h...

#1345393
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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...
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Anonymous
Sammy

I too have had bad experiences with LPL Advisors and have mostly been able to part ways. You might try to file a compliant with your State financial protection staff if they h...

#1312415
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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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1.0
#1312073
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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...
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1.0
#1295054
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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...
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Anonymous
kitty 23

your broker should NOT have accepted YOUR check. Due compliance reasons that types of check is not allowed bbecause it is no longer a "legal" instrument after it has been 'alt...

Anonymous
Mark Vought

I have had the same expierence with thier customer service. I have been disabled for 9 years and they have managed my retirement account. I have repeatedly sent them my paperw...

1.0
I didn't like
  • Lack of professional courtesy zero customer service
#1285932
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