Director, Advisor Practice Management

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

Benefits offered by this job

401k match

Comprehensive health benefits

Sabbatical program

Parental leave

Tuition reimbursement

Volunteer program

Job summary

Morningstar Wealth in Chicago seeks a Director of Advisor Practice Management to lead advisor consulting strategies and scalable programs that help advisors grow, engage clients, and improve retention.

The role partners with distribution, develops thought leadership, and coaches advisors to unlock value from Morningstar capabilities, with a strong track record in advisor-facing consulting preferred and a hybrid work model.

Qualifications

• Minimum 8 years of experience in wealth management, asset management, advisor consulting, or practice management.
• Significant experience working directly with financial advisors.
• Proven track record developing advisor-facing consulting programs and thought leadership.

Responsibilities

• Serve as a trusted practice management consultant to top advisor relationships.
• Conduct consultations, workshops, and coaching sessions with advisors and enterprise partners.
• Create practice management frameworks, tools, assessments, workshops, and advisor-facing resources.
• Lead webinars, workshops, conference presentations, and advisor events.
• Partner across investment management, wealth, marketing, research, and product teams.

Skills

Advisor consulting

Practice management

Thought leadership

Client relationship management

Education

Bachelor's degree

CFP/CIMA preferred

Tools

Series 7/66 licenses

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:

• 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.


• 002_MstarAssocLLC Morningstar Investment Management LLC Legal Entity Morningstar is a global independent investment research and financial data company. Here, you'll help uncover what's hidden, simplify what's complex, and create insights that empower investor success. Company overview Morningstar Development Program Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. We make all employment decisions—including recruitment, hiring, compensation, training, promotion, transfer, discipline, termination, and other personnel matters—without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity and expression, parental status, or other legally protected characteristics or conduct.