Job ID R-025819Date posted 09/30/2022Primary Location USA-Remote
Are you a team player with a growth mindset? 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 18,000 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.
Investment Advisory Attorney
The Legal Department at LPL Financial is looking for an attorney to support our investment advisory programs, through which LPL advisors provide advice to clients across the United States. This attorney will provide advice on laws, rules and regulations that impact LPL’s advisory business, as well as current regulatory areas of focus. The role, Assistant Vice President, Counsel, will work with an experienced team of lawyers to provide pragmatic legal advice and thought leadership on our advisory business.
Providing strategic advice on legal and regulatory issues affecting investment advisors, with a primary focus on the Investment Advisers Act
Counseling product/business teams through all stages of the development of new advisory initiatives, including creating or updating advisory programs, supporting new affiliation models, and drafting agreements and disclosures
Maintaining and updating Form ADV brochures for the advisory programs to reflect changes in the programs and the regulatory environment
Effectively and proactively provide sound advice on federal and state laws impacting investment advisors
Partnering with our product/business colleagues and other members of our Compliance, Legal and Risk team to drive thought leadership in this practice area
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
JD from a nationally accredited law school; admitted to practice law, and in good standing, in at least one jurisdiction in the U.S.
3-5 years of experience counseling on laws, rules and regulations impacting the financial services industry
Experience at a law firm or company in the financial services industry. Ideal candidate has worked with a focus on the Investment Advisers Act and related rules and regulations. Experience with other fiduciary requirements, at the state level or under ERISA, is a plus
Strong organizational and project management skills, including the ability to handle multiple projects and manage deadlines in a fast-paced and demanding work environment
Excellent written and oral communication skills
Good interpersonal skills and ability to interact with members of senior management as well as adaptability and willingness to take on a wide variety of new tasks in a fast-paced environment
The Compliance, Legal & Risk (CLR) team is focused on delivering an industry-leading client service and risk management experience by providing advisors and our internal business partners with proactive guidance, advice, advocacy and consultative partnerships.
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!
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.