Vice President & Chief Counsel, Retail Advisory

Ameriprise Financial Services, LLC; Minneapolis (MN); Hybrid; USD 250,000 - 300,000; Full time

Job summary

Ameriprise Financial Services, LLC in Minneapolis seeks a Vice President & Chief Counsel, Retail Advisory to act as senior legal partner for Retail Advisory, shaping strategies across managed accounts, financial planning and portfolio management.

This officer-level role leads a team of attorneys, influences acquisitions, and ensures risk management and governance while supporting growth and client service.

Qualifications

• Minimum 10+ years of legal experience in investment advisory or financial services; 15+ preferred.
• Deep expertise in the Investment Advisers Act of 1940 and related regulatory requirements.
• Experience advising executive leadership on strategic decisions and leading attorneys.
• Bar admission in Minnesota, Massachusetts or North Carolina, or eligibility for in-house counsel.

Responsibilities

• Lead legal support for Retail Advisory including managed accounts and financial planning.
• Advise executive leadership on priorities and acquisitions.
• Develop strategies for responsible growth, innovation and risk management.
• Strengthen governance, risk management and culture of compliance with senior stakeholders.
• Interpret regulatory developments and provide practical business guidance.
• Lead and mentor a high-performing team of attorneys.

Skills

Investment advisory law

Wealth management

Regulatory compliance

Executive communication

Team leadership

Education

Juris Doctor (JD) degree

Job description

About Our Company

We're a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Job Description

As Vice President & Chief Counsel, Retail Advisory, you will serve as the senior legal advisor and strategic partner to executive leadership for our Retail Advisory business. You will shape legal strategies across managed accounts, financial planning, investment research and portfolio management while helping the business pursue growth, innovation and effective risk management. In this officer-level role, you will influence significant business initiatives and acquisitions, strengthen governance and compliance, and lead a team of solutions-oriented legal professionals. This is an opportunity to bring deep investment advisory expertise and sound judgment to decisions that advance the business and serve clients.

Responsibilities

• Lead legal support for the Retail Advisory business, including managed accounts, financial planning, investment research and portfolio management.
• Serve as a strategic legal advisor to executive leadership on business priorities, significant initiatives and acquisitions involving retail advisory solutions.
• Develop and execute legal strategies that enable responsible growth, innovation and effective risk management.
• Partner with senior stakeholders to strengthen governance, promote sound risk management and reinforce a strong culture of compliance.
• Interpret emerging legal, regulatory and industry developments and provide clear, practical guidance on their business implications.
• Lead, develop and inspire a high-performing team of attorneys and legal professionals who operate as solutions-oriented business partners.

Qualifications

• 10 or more years of legal experience supporting investment advisory, wealth management or other financial services businesses; 15 or more years of relevant legal experience is preferred.
• Deep expertise in the Investment Advisers Act of 1940 and state and other regulatory requirements applicable to retail advisory offerings.
• Significant experience advising executive leadership on strategic business decisions and successfully leading attorneys and legal professionals.
• Juris Doctor degree from an accredited law school.
• Admission to practice law in Minnesota, Massachusetts or North Carolina, or eligibility for admission as in-house counsel.
• Expertise in Regulation Best Interest and Employee Retirement Income Security Act regulations applicable to retail offerings is preferred.
• Demonstrated ability to lead large, cross-functional initiatives and build high-performing legal teams.
• Strong business acumen, executive presence, communication, relationship management, collaboration and influencing skills.

In-Office Collaboration

We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders - clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.

U.S. Work Authorization & Sponsorship

Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).

Our Commitment

We are an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.

We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.

Base Pay Salary

The estimated base salary for this role is $250,000 - $300,000/ year. We have a pay-forperformance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role.

We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

Job Family Group

Legal Affairs

Line of Business

GCO General Counsel's Organization

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.

We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.