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Alternative Investment Diligence AVP

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Job ID R-023516 Date posted 06/07/2022 Primary Location SC-Fort Mill Other Locations TX-Austin , MA-Boston , OH-Cleveland ,KS-Overland Park

Are you interested in working in meaningful projects? Do you want to work with cutting-edge technology? Are you interested in being part of a team that is working to transform and do things differently? If so, LPL Financial is the place for you!

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 19,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

Job Overview:

The Investment Product Management team within LPL’s Wealth Management Solutions (WMS) group is responsible for delivering a highly competitive set of investment solutions.  The team’s goal from an investment product management perspective is to enhance our clients’ experience and ability to grow and to enhance our firm’s economic and risk profiles. Seeking an Alternative Investment Diligence Analyst to join the WMS group. As part of the diligence team within WMS, this role is responsible for the sourcing and review of illiquid alternative products for the LPL platform, with an emphasis real estate and Delaware Statutory Trust / 1031 exchange products. The role will involve collaboration with multiple internal groups and require strong analytical, organizational, and problem solving skills, as well as the ability to work within tight deadlines. This individual is responsible for the initial diligence and ongoing oversight of approved alternative investment managers available for use by LPL Financial advisors. Products in this area include non-traded real estate products, business development companies, closed-end/interval funds, private equity, hedge funds, and other similar products. This role will focus on the review of real estate products in the DST/1031 Exchange space. The ideal candidate will have a passion for investing and tireless intellectual curiosity regarding markets, managers, and investments of all types. The successful candidate will have a history of high performance and the ability to take initiative and follow through on projects independently as well as work as a leader of a team. The right candidate will demonstrate self-motivation, high-energy, tenacity, perseverance, attention to detail, and a passion for investing.

Responsibilities:

  • Presentations to LPL’s Implementation and Product Review Committees

  • Assist in the onboarding of new products by coordinating with sponsor firms and various internal groups including Operations, Compliance, Legal, and Product Risk Management

  • Creation of training and education material to benefit advisors and advisor-facing personnel on 1031 product

  • Expand coverage areas within Alternatives as need arises

  • Contribute to WMS team projects including product screening and sourcing

What are we looking for?

We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.

Requirements:

  • Minimum 3 years of experience performing due diligence and/or oversight on illiquid alternative investment products, ideally with exposure to real estate-based and 1031 products

  • 5-10 years of experience in the financial services industry, ideally at a broker/dealer

  • A CFA designation and/or MBA is preferred

  • FINRA Series 7 and 66 license required (either have or be willing to obtain soon after hiring)

  • Ability to think creatively about investments including due diligence, managers, and the markets in which they invest

Preferences:

  • Solid analytical skills, good judgment, and a high tolerance for change

  • A passion for investing and a dedication to providing superior research

  • Ability to drive to results while being able to re-prioritize as needed and meet hard deadlines

  • Ability to cogently communicate research and investment content both orally and written to different audiences, including investment managers, advisors, executive management, and clients

Why LPL? 

At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.

We are one team on one mission. We take care of our advisors, so they can take care of their clients.

Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees.We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.

Want to hear from our employees on what it’s like to work at LPL?  Watch this!

We take social responsibility seriously. Learn more here

Want to see info on our benefits?  Learn more here

Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.

Information on Interviews:

LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum.  During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card.  Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (800) 877-7210.

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