VP, Associate General Counsel – Brokerage Advice

LPL Financial; Fort Mill (SC); On-site; USD 164,000 - 273,000; Full time

Benefits offered by this job

401K matching

Health benefits

Employee stock options

Paid time off

Volunteer time off

Job summary

LPL Financial seeks an experienced attorney to join its corporate legal advice team as Vice President, Assistant General Counsel, Brokerage. This VP will report to a Senior Vice President responsible for providing strategic legal advice to various business units.

This team focuses primarily on the needs of LPL’s broker-dealer business but also supports investment advisory services. The ideal candidate thrives in a fast-paced environment, can manage a substantial docket autonomously, and has

Qualifications

• 5 years of experience dealing with issues under federal securities laws and related regulations.
• Experience with FINRA, SEC and broker-dealer regulatory processes is preferred.
• Strong legal writing and analytical skills with the ability to manage a substantial docket.

Responsibilities

• Provide day-to-day legal support for the broker-dealer and investment advisory businesses.
• Support merger and acquisition projects and review client agreements and disclosures.
• Draft and modify agreements, filings, and regulatory documents; perform legal research.
• Collaborate with Compliance, Risk, and other Legal Department colleagues.

Skills

Securities law expertise

Regulatory compliance

Legal writing

M&A experience

Cross-functional collaboration

Communication skills

MS Office proficiency

Tools

LexisNexis

MS Word

Excel

PowerPoint

Job description

What if you could build a career where ambition meets innovation? At LPL Financial, we empower professionals to shape their success while helping clients pursue their financial goals with confidence. What if you could have access to cutting-edge resources, a collaborative environment, and the freedom to make an impact? If you’re ready to take the next step, discover what’s possible with LPL Financial.

Job Overview:

LPL Financial seeks an experienced attorney to join its corporate legal advice team as Vice President, Assistant General Counsel, Brokerage. This VP will report to a Senior Vice President responsible for providing strategic legal advice to various business units. This team focuses primarily on the needs of LPL’s broker-dealer business but also provides support to the investment advisory business as well. This position entails advising LPL’s (1) Business Development Unit; (2) Corporate Transaction and M&A team; and (3) various affiliation models and brokerage and custodial platforms. The ideal candidate is one who can thrive in a fast-paced business environment and can manage a substantial docket autonomously. Relevant private practice experience is highly desired. Prior in-house counsel experience preferred but not required.

Responsibilities:

• Day-to-day legal support for LPL’s financial services business, including providing legal analysis and advice with respect to applicable rules, regulations and legal risk relating to the brokerage and investment advisory business.
• Work with a senior attorney on internal merger and acquisition projects, development and maintenance of LPL’s brokerage and custodial platforms for advisors, and business development initiatives. This may include engaging with FINRA, including its MAPS team to help with CMA.
• Drafting and modifying client agreements, account documentation and disclosures, and filings with regulators. Performing legal research and drafting memorandums concerning compliance with applicable laws, rules and regulations.
• Interacting with other members of the Legal Department as well as other LPL units including, amongst other departments, Compliance and Risk.

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:

• 5 years of experience in dealing with issues arising under the Securities Exchange Act, Investment Advisers Act of 1940, Investment Company Act of 1940, FINRA rules and regulations as well as related federal and state securities laws.
• Proficiency in legal writing, performing legal research (LexisNexis preferred) and written communication skills.
• Understanding of regulatory landscape applicable to broker-dealers and registered investment advisers, including a familiarity with regulatory processes (SEC and FINRA).
• Experience with FINRA continuing membership applications, prior work at or for a clearing firm or custodian, and an understanding of the SEC Custodial Rule and Customer Protection Rule is highly preferred but not required.
• Proficiency with MS Word, Excel, PowerPoint, and Outlook.

Preferences:

• Transactional experience specifically in mergers and acquisitions, securities transactions, non-disclosure agreements, etc. preferred.
• Ability to interface effectively with investment personnel as well as LPL advisors, clients and their counsel.
• Ability to understand and assess a wide variety of complex commercial transactions.
• Highly motivated self-starter able to work independently while collaborating and coordinating as part of a global program.
• Strong analytical and problem-solving skills and the ability to provide viable solutions in a time-sensitive environment.
• Exceptional written and verbal communications skills, attention to detail, and effective time management.
• Sound judgment and an ability to appropriately elevate issues internally.
• Proven ability to handle highly confidential information professionally and with appropriate discretion.

LI-PA

Pay Range:
$163,725-$272,875/year
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. Your recruiter will be happy to discuss all that LPL has to offer!

Company Overview:

LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that the firm should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor (“RIA”) firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional.

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.

Join LPL Financial: Where Your Potential Meets Opportunity

At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation’s leading independent broker-dealer, we offer an integrated platform of cutting‑edge technology, brokerage, and investment advisor services.

Why LPL?

• Innovative Environment: We foster creativity and growth, providing a supportive and responsive leadership team. Learn more about our leadership team here!
• Limitless Career Potential: Your career at LPL has no limits, only amazing potential. Learn more about our careers here!
• Unified Mission: We are one team on one mission-taking care of our advisors so they can take care of their clients. Learn more about our mission and values here!
• Impactful Work: Our size is just right for you to make a real impact. Learn more here!
• Commitment to Equality: We support workplace equality and embrace diverse perspectives and backgrounds. Learn more here!
• Community Focus: We care for our communities and encourage our employees to do the same. Learn more here!
• Benefits and Total Rewards: Our Total Rewards package goes beyond just compensation and insurance. It includes a mix of traditional and unique benefits, perks, and resources designed to enhance your life both at work and at home. Learn more here!

Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.

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 (855) 575‑6947.