Former LPL Employee Sues Firm, Alleging Age Discrimination

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An advisor assistant at LPL Financial claims in a newly filed lawsuit that the firm forced her out after more than 25 years on the job, alleging age discrimination.

Aldina Barry filed the suit in California state court earlier this month against LPL, alleging discrimination and retaliation for raising questions about a new set of metrics that the firm claimed formed the basis for her termination.

According to the complaint, Barry joined LPL in August 2000. During her tenure, she filled several roles, including a receptionist role and several in registration and advisor onboarding. In October 2024, she was promoted to "Premium Service Associate" at her manager's suggestion.

In the new role, she worked with financial advisors, answering account-related questions and researching carrier and licensing information, among other tasks. In the suit, Barry claims she'd "not been subjected to disciplinary write-ups," and had received certificates and bonuses for "exceptional work."

Starting early this year, LPL introduced new performance metrics, which "changed repeatedly" during the first several months of 2026, according to Barry. In March, she entered a Microsoft Teams meeting with her supervisor and an LPL Human Resources representative, during which they said she would be placed on a probationary period of about three months for failing to meet the metrics.

Barry claims that she and another co-worker were confused about why Barry was being singled out, and alleged she didn't receive "regular or meaningful coaching" on how to improve during the probationary period. She raised concerns about the metrics with LPL in June, but about one week later, LPL fired her, according to the complaint.

On that day, her supervisor requested a meeting, only to be told quickly that she was fired, effective immediately, for failing to meet the performance metrics. Barry claims the firm cut access to her work systems within five minutes of the meeting.

In the complaint, Barry notes she was the only team member fired due to the metrics as of July 7, and noted that she was the oldest employee of her team; LPL had shown "favor to hiring younger male workers for the workplace," particularly through its internship pipeline, she claimed. Barry said she was aware of at least one other employee in their 60s who had been with the firm for about three decades and was fired around the same time.