Vice President, Assistant General Counsel - Retirement

LPL Financial; Fort Mill (SC); On-site; USD 169,000 - 281,000; Full time

Benefits offered by this job

401K matching

Health benefits

Employee stock options

Paid time off

Volunteer time off

Job summary

LPL Financial, a leading wealth management firm, seeks an attorney to support its retirement and recordkeeping business as Vice President and Assistant General Counsel. The role involves advising on regulatory, contractual, and compliance matters for advisory, brokerage, custodian, and recordkeeping services related to retirement plans and accounts.

The ideal candidate has 8+ years of experience in financial services law, strong ERISA expertise, and a demonstrated ability to translate complex

Qualifications

• JD from a nationally accredited law school and in good standing in at least one US jurisdiction.
• 8+ years of experience counseling on retirement plans and accounts in financial services.
• Extensive knowledge of ERISA and Internal Revenue Code and related retirement-plan services.
• Experience advising on collective investment trusts, private funds, and other plan assets.
• Interest in developing AI proficiency and adopting emerging AI tools.

Responsibilities

• Advise on regulatory developments affecting retirement plans in broker-dealer, advisor, custodian, and recordkeeper contexts (DOL, IRS, SEC, FINRA, state regulators).
• Provide legal analysis of compliance, regulatory, and contractual issues for retirement plans and omnibus recordkeeping relationships.
• Assist with maintenance of retirement business within advisory and brokerage platforms.
• Draft and negotiate contracts with retirement plan clients, platform providers, product sponsors and service providers.
• Draft disclosures, communications and other forms for retail IRA and retirement plan clients.

Skills

ERISA expertise

Retirement plans knowledge

Regulatory compliance

Contract negotiation

AI proficiency interest

Education

J.D. from a nationally accredited law school

Job description

Where Ambition Meets Innovation

Build a career that matches all your initiative with an impressive dose of innovation. From cutting‑edge resources and a collaborative environment to the freedom to make an impact and more, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.

Job Overview

The Legal Department at LPL Financial is seeking an attorney to support our retirement and recordkeeping business. The role, Vice President, Assistant General Counsel, will work with an experienced team of lawyers to provide pragmatic legal advice and thought leadership related to the company’s advisory, brokerage, custodian and recordkeeping business for retirement plans and accounts. The role will involve frequent interaction with the company’s business teams that support the firm’s retirement business, including operations, compliance, marketing, and platform development.

Responsibilities

• Advise on impacts of new and changing regulations affecting the retirement business of a broker‑dealer, investment advisor, custodian and record keeper, in particular, regulatory developments from the Department of Labor (DOL), Internal Revenue Service (IRS), the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and state regulators.
• Legal analysis of compliance, regulatory and contractual issues affecting the company, including in particular:
  • Advising on 401(k), 403(b),457(b) plans, defined contribution plans, Traditional, Roth, SEP/SIMPLE IRAs, and rollover and distribution programs;
  • Implementing new retirement plan and participant level program capabilities;
  • Advising on ERISA fiduciary responsibilities and the prohibited transaction rules;
  • Supporting omnibus recordkeeping and sub‑transfer agency relationships involving third party product sponsors and service providers.
• Assist with maintenance of LPL’s retirement business in the context of the firm’s advisory and brokerage platforms
• Work with various business units within the company to draft and negotiate contracts with retirement plan clients, retirement plan platform providers, product sponsors and service providers
• Draft agreements, disclosure documents, communications and other forms for use with retail IRA and retirement plan clients

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

• JD from a nationally accredited law school, admitted to practice law, and in good standing, in at least one jurisdiction in the U.S.
• 8+ years of experience at a law firm or company in the financial services industry counseling on laws, rules and regulations impacting retirement plans and accounts
• Significant expertise with ERISA and the Internal Revenue Code, knowledge relating to retirement plan and omnibus recordkeeping and related services, and how retirement‑related requirements intersect with general securities laws, including the Investment Advisers Act and Regulation Best Interest
• Experience advising on use of collective investment trusts, private funds, managed accounts and other plan asset investment vehicles
• Strong interest in developing AI proficiency, including the ability to learn and adopt emerging AI tools and technologies in support of objectives

Core Competencies

• Strong business acumen as it relates to retirement‑focused product offerings and services
• Ability to reduce complex legal issues into straightforward practical advice
• Strategic and critical thinking and decision‑making skills

Preferences

• Strong organizational and project management skills, including the ability to handle multiple projects and manage deadlines in a fast‑paced and demanding work environment
• Excellent written and oral communication skills
• Good interpersonal skills and ability to interact with members of senior management as well as adaptability and willingness to take on a wide variety of new tasks in a fast‑paced environment

Pay Range

$168,611.00 - $281,087.00

Benefits

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.

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(6) , LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 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. For further information about LPL, please visit www.lpl.com.

At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them 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.

For further information about LPL, please visit www.lpl.com.

Information on Interviews

LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at [phone].

Principals only. EOE.

EAC 5.19.26