LPL Financial
VP, Associate General Counsel - Brokerage Advice
LPL Financial, Arlington, Virginia, United States, 22201
Job Overview
LPL Financial seeks an experienced attorney to join its corporate legal advice team as Vice President, Assistant General Counsel, Brokerage. This VP will report to a Senior Vice President responsible for providing strategic legal advice to various business units. This team focuses primarily on the needs of LPL’s broker-dealer business but also provides support to the investment advisory business as well. This position entails advising LPL’s (1) Business Development Unit; (2) Corporate Transaction and M&A team; and (3) various affiliation models and brokerage and custodial platforms. The ideal candidate is one who can thrive in a fast-paced business environment and can manage a substantial docket autonomously. Relevant private practice experience is highly desired. Prior in-house counsel experience preferred but not required.
Responsibilities Day-to-day legal support for LPL’s financial services business, including providing legal analysis and advice with respect to applicable rules, regulations and legal risk relating to the brokerage and investment advisory business.
Work with a senior attorney on internal merger and acquisition projects, development and maintenance of LPL’s brokerage and custodial platforms for advisors, and business development initiatives. This may include engaging with FINRA, including its MAPS team to help with CMA.
Drafting and modifying client agreements, account documentation and disclosures, and filings with regulators. Performing legal research and drafting memorandums concerning compliance with applicable laws, rules and regulations.
Interacting with other members of the Legal Department as well as other LPL units including, amongst other departments, Compliance and Risk.
What are we looking for? We’re looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.
Requirements
5+ years of experience in dealing with issues arising under the Securities Exchange Act, Investment Advisers Act of 1940, Investment Company Act of 1940, FINRA rules and regulations as well as related federal and state securities laws.
Proficiency in legal writing, performing legal research (LexisNexis preferred) and written communication skills.
Understanding of regulatory landscape applicable to broker-dealers and registered investment advisers, including a familiarity with regulatory processes (SEC and FINRA).
Experience with FINRA continuing membership applications, prior work at or for a clearing firm or custodian, and an understanding of the SEC Custodial Rule and Customer Protection Rule is highly preferred but not required.
Proficiency with MS Word, Excel, PowerPoint, and Outlook.
Preferences
Transactional experience specifically in mergers and acquisitions, securities transactions, non-disclosure agreements, etc. preferred.
Ability to interface effectively with investment personnel as well as LPL advisors, clients and their counsel.
Ability to understand and assess a wide variety of complex commercial transactions.
Highly motivated self-starter able to work independently while collaborating and coordinating as part of a global program.
Strong analytical and problem-solving skills and the ability to provide viable solutions in a time-sensitive environment.
Exceptional written and verbal communications skills, attention to detail, and effective time management.
Sound judgment and an ability to appropriately escalated issues internally.
Proven ability to handle highly confidential information professionally and with appropriate discretion.
Pay Range $163,725-$272,875 / year Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!
Company Overview LPL Financial Holdings Inc. (Nasdaq : LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace. LPL supports over 29,000 financial advisors and the wealth‑management practices of 1,100 financial institution, servicing and custodying approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses.
At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources they need to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.
Join LPL Financial : Where Your Potential Meets Opportunity At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation’s leading independent broker-dealer, we offer an integrated platform of cutting‑edge technology, brokerage, and investment advisor services.
#J-18808-Ljbffr
Responsibilities Day-to-day legal support for LPL’s financial services business, including providing legal analysis and advice with respect to applicable rules, regulations and legal risk relating to the brokerage and investment advisory business.
Work with a senior attorney on internal merger and acquisition projects, development and maintenance of LPL’s brokerage and custodial platforms for advisors, and business development initiatives. This may include engaging with FINRA, including its MAPS team to help with CMA.
Drafting and modifying client agreements, account documentation and disclosures, and filings with regulators. Performing legal research and drafting memorandums concerning compliance with applicable laws, rules and regulations.
Interacting with other members of the Legal Department as well as other LPL units including, amongst other departments, Compliance and Risk.
What are we looking for? We’re looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.
Requirements
5+ years of experience in dealing with issues arising under the Securities Exchange Act, Investment Advisers Act of 1940, Investment Company Act of 1940, FINRA rules and regulations as well as related federal and state securities laws.
Proficiency in legal writing, performing legal research (LexisNexis preferred) and written communication skills.
Understanding of regulatory landscape applicable to broker-dealers and registered investment advisers, including a familiarity with regulatory processes (SEC and FINRA).
Experience with FINRA continuing membership applications, prior work at or for a clearing firm or custodian, and an understanding of the SEC Custodial Rule and Customer Protection Rule is highly preferred but not required.
Proficiency with MS Word, Excel, PowerPoint, and Outlook.
Preferences
Transactional experience specifically in mergers and acquisitions, securities transactions, non-disclosure agreements, etc. preferred.
Ability to interface effectively with investment personnel as well as LPL advisors, clients and their counsel.
Ability to understand and assess a wide variety of complex commercial transactions.
Highly motivated self-starter able to work independently while collaborating and coordinating as part of a global program.
Strong analytical and problem-solving skills and the ability to provide viable solutions in a time-sensitive environment.
Exceptional written and verbal communications skills, attention to detail, and effective time management.
Sound judgment and an ability to appropriately escalated issues internally.
Proven ability to handle highly confidential information professionally and with appropriate discretion.
Pay Range $163,725-$272,875 / year Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!
Company Overview LPL Financial Holdings Inc. (Nasdaq : LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace. LPL supports over 29,000 financial advisors and the wealth‑management practices of 1,100 financial institution, servicing and custodying approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses.
At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources they need to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.
Join LPL Financial : Where Your Potential Meets Opportunity At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation’s leading independent broker-dealer, we offer an integrated platform of cutting‑edge technology, brokerage, and investment advisor services.
#J-18808-Ljbffr