Director, Advisor Practice Management

Morningstar; Chicago (IL); On-site; USD 171,000 - 262,000; Full time

Benefits offered by this job

401k match up to 6%

Stock ownership potential

Comprehensive health benefits

Paid sabbatical

Job summary

Morningstar is seeking a Director of Advisor Practice Management to lead development and delivery of advisor consulting and practice management strategy. This role acts as a trusted consultant to financial advisors and partners with the distribution organization to create scalable programs and coaching frameworks addressing growth, staffing, client acquisition, and retention.

The position emphasizes collaboration with sales, relationship managers, and product teams to deepen advisor

Qualifications

• Minimum 8 years of experience in wealth management, asset management, advisor consulting, or practice management.
• Bachelor’s degree required.
• CFP and/or CIMA preferred; Series 7 + 66 licenses preferred.

Responsibilities

• Serve as a trusted practice management consultant to top advisor relationships.
• Conduct consultations, workshops, and coaching sessions with advisors and enterprise partners.
• Help advisors improve growth, productivity, client experience, and operational effectiveness.
• Develop and share frameworks, tools, and advisor-facing resources.

Skills

Wealth management experience

Advisor consulting

Thought leadership

Client engagement

Education

Bachelor’s degree

CFP or CIMA preferred

Job description

The Group

Morningstar Wealth is a core part of the broader Morningstar group, empowering investor success by delivering world-class investment products and technology solutions to advisors, individuals, and the businesses who serve them. As a global team, we build upon our renowned data, research, analytics and thought leadership to deliver intelligent, flexible, and scalable products into the hands of our clients. By bringing the best of Morningstar together, we remove friction, save time, and help clients achieve goals.

Position Summary

The Director of Advisor Practice Management will lead the development and delivery of Morningstar's advisor consulting and practice management strategy. This individual contributor role is responsible for helping financial advisors build stronger, more productive businesses while increasing advisor satisfaction, engagement, and retention. Acting as a trusted consultant to advisors and a strategic partner to the distribution organization, the Director will create scalable programs, thought leadership, and coaching frameworks that address key advisor challenges including growth, client acquisition, segmentation, staffing, succession planning, business development, productivity, and practice management. This individual will also help advisors unlock additional value from Morningstar's broader capabilities, ensuring Morningstar is viewed as a strategic business partner rather than solely an investment management provider.

Key Responsibilities

Advisor Consulting

• Serve as a trusted practice management consultant to top advisor relationships.
• Conduct consultations, workshops, and coaching sessions with advisors and enterprise partners.
• Help advisors improve business growth, productivity, client experience, and operational effectiveness.
• Deliver actionable recommendations supported by industry best practices and benchmarking.

Intellectual Capital & Content Development

• Create practice management frameworks, tools, assessments, workshops, and advisor-facing resources.
• Develop thought leadership on advisor growth, business management, succession planning, staffing, and client acquisition.
• Maintain a forward-looking perspective on industry trends and advisor business challenges.

Distribution Enablement

• Partner closely with sales leadership, relationship managers, and portfolio specialists.
• Equip field teams with practice management insights and tools that deepen advisor relationships.
• Support strategic advisor and home-office engagements.

Advisor Engagement

• Lead webinars, workshops, conference presentations, and advisor events.
• Increase participation and engagement in practice management offerings.
• Help establish Morningstar as a leading thought partner to advisors.

Cross-Functional Collaboration

• Partner across investment management, wealth, marketing, research, and product teams.
• Identify opportunities to connect advisor needs with relevant Morningstar capabilities.
• Support initiatives that deepen client relationships and strengthen retention.

Requirements

• Minimum 8 years of experience in wealth management, asset management, advisor consulting, or practice management
• Bachelor’s degree
• Significant experience working directly with financial advisors
• Proven track record developing advisor-facing consulting programs and thought leadership
• CFP and/or CIMA preferred
• Series 7 + 66 Licenses preferred

Compensation And Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

• Financial Health
  • 100% 401k match up to 6% of salary
  • Stock Ownership Potential
  • Company provided life insurance - 1x salary + commission
• Physical Health
  • Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
  • Additional medical Wellness Incentives - up to $300-$600 annual
  • Company-provided long- and short-term disability insurance
• Emotional Health
  • Trust-Based Time Off
  • 6-week Paid Sabbatical Program
  • 6-Week Paid Family Caregiving Leave
  • Competitive 8-24 Week Paid Parental Leave
  • Adoption Assistance
  • Leadership Coaching & Formal Mentorship Opportunities
  • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
  • Tuition Reimbursement
• Social Health
  • Charitable Matching Gifts program
  • Dollars for Doers volunteer program
  • Paid volunteering days
  • 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range

$170,925.00-262,075.00

Inclusive of annual base salary and target incentive

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

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