Associate Counsel, Wealth Management

Frontline Source Group - Nationwide Staffing & Executive Search; Dallas (TX); On-site; USD 140,000 - 190,000; Full time

Benefits offered by this job

15% annual bonus

One-time grant of 25,000 Class B units

15 days PTO in first year

Relocation assistance

401(k) with match

Medical insurance 80% premiums paid

Dental and vision insurance

HSA/FSA options

Life insurance

Disability coverage

Paid parental leave

Employee Assistance Program

Career development opportunities

Job summary

Frontline Source Group is recruiting an Associate Counsel for a Dallas, TX wealth management division. This direct-hire, in-office role involves transactional and regulatory work supporting a growing wealth management business.

You will draft/negotiate agreements, advise on compliance, and collaborate with executives and regulatory teams to enable business objectives.

Qualifications

• Approximately 3–5 years of relevant legal experience; exceptional candidates with 2 years may be considered.
• Transactional legal experience within wealth management, asset management, financial services or related environment.
• Familiarity with the Investment Advisers Act of 1940, Securities Act of 1933, Investment Company Act of 1940, FINRA rules and state securities laws.
• Strong drafting and contract negotiation skills.
• Ability to provide practical legal guidance and understand business objectives.

Responsibilities

• Serve as transactional and commercial legal resource for wealth management.
• Review, draft and negotiate commercial agreements and transactional documents.
• Support legal matters involving financial advisors, clients and transitions.
• Assist with strategic, regulatory initiatives across wealth management.
• Partner with legal, executive, compliance and regulatory teams.

Skills

Transactional drafting

Contract negotiation

Wealth management experience

Regulatory compliance knowledge

Strong writing & communication

Job description

Our client in Dallas, Texas is seeking an Associate Counsel for their Wealth Management division. This is a Direct Hire in office position.

Client Profile

Rapidly growing financial services organization with a significant wealth management platform supporting more than $50 billion in assets under management and advisement. The organization offers attorneys the opportunity to work closely with experienced legal, executive, regulatory and compliance leadership while developing their careers within an expanding business.

Associate Counsel, Wealth Management Role

• Serve as a transactional and commercial legal resource supporting a rapidly growing wealth management business
• Review, draft and negotiate commercial agreements and other transactional documents
• Support legal matters involving financial advisors, clients, advisor transitions and client transitions
• Assist with strategic, corporate and regulatory initiatives across the wealth management organization
• Partner closely with legal, executive, compliance and regulatory teams
• Provide practical legal guidance regarding commercial transactions, regulatory considerations and business initiatives
• Assist with legal and regulatory matters involving both registered investment advisory and broker dealer operations
• Work collaboratively with compliance and regulatory teams to support internal processes involving transactions, compliance and risk management
• Assist with arbitration, litigation and complaint matters involving the wealth management business
• Coordinate with and manage outside counsel as appropriate
• Assist with management of legal expenses
• Support E&O insurance matters for the organization and its financial advisors
• Develop relationships with stakeholders throughout the organization and provide responsive, solutions oriented legal counsel

Required Skills / Experience

• Approximately 3 to 5 years of relevant legal experience; exceptionally strong candidates with approximately 2 years of experience may also be considered
• Transactional legal experience within wealth management, asset management, financial services or a related commercial environment
• Financial services industry experience required
• Familiarity with the Investment Advisers Act of 1940, Securities Act of 1933, Investment Company Act of 1940, FINRA rules and state securities laws
• Strong commercial drafting and contract negotiation skills
• Strong critical thinking and problem solving capabilitiesAbility to understand business objectives and provide practical legal guidance
• Strong written and verbal communication skills
• Proactive approach with the confidence to provide legal advice and direction to business stakeholders
• Intellectual curiosity and interest in building a long term career within the independent wealth management industry
• Comfortable working within a fast growing environment where priorities and legal issues may evolve quickly
• Collaborative, service oriented approach and willingness to work within a team focused environment

Preferred Skills / Experience

• Experience with an independent RIA, broker dealer or law firm representing financial services clients strongly preferred

Features And Benefits

• 15% annual bonus opportunity
• One time grant of 25,000 Class B units
• 15 days PTO during the first year with increases based on tenure
• Two additional paid community service days
• Paid holidays, including employee birthday
• 401(k) with company match and immediate vesting
• Medical insurance with company paying 80% of premiums
• Dental and vision insurance
• Health Savings Account and Flexible Spending Account options
• Company paid life insurance
• Company paid short term and long term disability coverage
• Paid parental leave
• Employee Assistance Program
• Relocation assistance available
• Significant professional development and mentorship opportunity
• Career advancement opportunities within a growing legal organization