VP, Wealth Management Alternative Investments Attorney

Job Overview Lead with Purpose, Unlock Your Team’s Passion At LPL, people leaders hold the key to the employee experience - shaping culture, driving performance, and guiding individuals to new heights. Because when that happens, we all win - clients, LPL, and most importantly our, employees. LPL Financial seeks an experienced attorney to join its corporate legal advice team as Vice President, Assistant General Counsel. This VP will report to a Senior Vice President and be part of team responsible for providing strategic legal advice with respect to the onboarding, due diligence, sales and ongoing controls related to Alternative Investments, Complex Products and Digital Assets. The team focuses primarily on LPL's broker-dealer business but also provides support to the investment advisory business. This position entails partnering with the following teams at LPL (1) Alternative Investment Product (2) Compliance; (3) Supervision and Surveillance; (4) Product Due Diligence, Onboarding and Research; and (5) Risk Management. The position will focus on counseling the firm's Product Review group with respect to due diligence requirements, sales practices and controls around alternative investments, complex products and digital assets. Responsibilities Day-to-day legal support for LPL's alternative investments platform, including providing legal analysis and advice with respect to compliance with applicable rules, regulations and legal risks relating to the brokerage and investment advisory business Draft, review and revise agreements with alternative investment sponsors for the onboarding of products onto LPL's alternative investments platform Counseling on due diligence standards and establishing proper protocols for the onboarding and sale of alternative investments and complex products Reviewing, revising and developing internal policies and procedures in response to business initiatives and regulatory developments 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 mentioned above. Requirements 6+ years 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, with a focus on sales of complex products, alternative investments and digital assets Proficiency in legal writing, performing legal research (LexisNexis preferred) and written communication skills Working knowledge of federal securities laws and rules making process; regulatory notices; interpretive guidance; and agency interpretations Working understanding of alternative investments, including but not limited to, hedge funds, VC funds, private equity funds, public non-traded products, business development corporations, private credit and other private placements Understanding of regulatory landscape applicable to broker-dealers and registered investment advisers, including a familiarity with regulatory processes (SEC and FINRA). Responsibility for a range of work with a particular focus on advising on the regulation, establishment, management, governance and marketing of private funds which invest in securities in both private and public markets (equity and debt as well as other asset classes such as credit, real estate, infrastructure and impact investing) Interest or experience in artificial intelligence utilization Core Competencies Ability to interface effectively with internal personnel as well as LPL financial advisors and institutional clients and their counsel Ability to understand and assess a wide variety of complex business models Highly-motivated self-starter able to work independently while collaborating and coordinating as part of a global program Analytical and problem-solving skills and the ability to provide viable solutions in a time-sensitive environment Written and verbal communications skills, attention to detail, and effective time management Sound judgment and an ability to appropriately escalated issues internally Proven ability to handle highly confidential information professionally and with appropriate discretion Interpersonal skills and team-player attitude Pay Range $168,611.00 - $281,087.00 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 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 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 View phone number on click.appcast.io. EAC 5.19.26 LPL Financial is the nation’s largest independent broker-dealer.* Our company is widely known for its financial strength, exceptional service, and favorable industry reputation among financial professionals. To understand who we are, it’s important to know our core belief: financial guidance is a fundamental need for everyone. LPL Financial creates the space to let you do what you do best - create personal, long-term client relationships that turn financial aspirations into realities. Each year, thousands of financial professionals successfully manage billions of dollars in assets. Because our company is not too big and not too small, you can seize the opportunity to make a real impact. To learn more about our organization visit our About LPL page. * As reported by Financial Planning magazine, June 1996-2019, based on total revenue. #J-18808-Ljbffr LPL Financial LLC