AVP, Tax Overlay & Portfolio Trading (Direct Indexing)

LPL Financial; Boston (MA); On-site; USD 119,000 - 199,000; Full time

Job summary

LPL Financial seeks an Assistant Vice President, Portfolio Manager and Tax Overlay to lead the evolution of tax-optimized trading for UMA and direct indexing overlays, partnering across the Wealth Management organization to design scalable, advisory-facing solutions.

This role requires deep expertise in tax-aware investment strategies, multi-factor risk models, and experience with leading platforms; success will be measured by scalable implementations and positive advisor outcomes.

Qualifications

• Bachelor’s Degree required.
• Series 7 and 66 (or 63/65 equivalent).
• 5+ years in investment-management program leadership, advisory platforms, or overlay-strategy implementations.
• 2+ years of quadratic and multi-factor optimization and multi-factor risk modeling with leading platforms.

Responsibilities

• Strategic Platform Leadership: Lead rollout and scaling of tax-optimized direct indexing and overlay frameworks.
• Design and implement automated tools and proprietary trading platforms for scalability and performance.
• Develop scalable tax-optimized UMA and direct indexing overlay trading capabilities with multi-factor risk models.
• Oversee daily tax-efficient portfolio management workflows including trade review and execution.
• Drive performance metrics and analytics for complex tax-sensitive portfolios.
• Engage advisors and stakeholders with actionable materials and training.

Skills

Tax overlay design

Direct indexing

Portfolio management

Trading technology

Stakeholder engagement

Leadership

Data analytics

Education

Bachelor’s Degree

Tools

Axioma

Northfield

MSCI Barra & QIS

n-factor Risk Models

Vestmark VAST

Envestnet/PMC

Job description

LPL Financial seeks an Assistant Vice President, Portfolio Manager and Tax Overlay to lead the evolution of tax-optimized trading for UMA and direct indexing overlays, partnering across the Wealth Management organization to design scalable, advisory-facing solutions.

This role requires deep expertise in tax-aware investment strategies, multi-factor risk models, and experience with leading platforms; success will be measured by scalable implementations and positive advisor outcomes.