VP, Assistant General Counsel - Brokerage

Job Description

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. If you're ready to lead with intention and discover what’s possible, LPL Financial invites you to apply today.

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 as supporting the firm’s platform conversions involving these businesses.

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 or in-house counsel experience advising on FINRA rules, SEC regulations, Exchange Act requirements, and state securities laws is required.

Roles & Responsibilities

• Provide 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 supporting conversions and serving as a legal advisor to the business, compliance, operations and senior management to ensure regulatory approvals are obtained and organizational changes are implemented in compliance with applicable securities laws and FINRA rules.
• This may include engaging with FINRA and other regulators.
• Provide conversion and integration support, including advice and counsel on legal and regulatory implications of business migrations, repapering efforts, bulk transfers, and operational changes.
• 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

• 5-10 years of experience in dealing with issues arising under the Securities Exchange Act, Investment Advisers Act of 1940, FINRA rules and regulations as well as related federal and state securities laws.
• Experienced in legal writing, performing legal research (LexisNexis preferred) and written communication skills.
• Experienced with the regulatory landscape applicable to broker-dealers and registered investment advisers, including familiarity with regulatory processes (SEC and FINRA).
• Experience with supporting financial institutions in conversions and FINRA regulatory applications.

Core Competencies

• Proficiency with MS Word, Excel, PowerPoint, and Outlook.
• 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 escalation issues internally.
• Proven ability to handle highly confidential information professionally and with appropriate discretion.

Preferences

• Strong interest in developing AI proficiency, including the ability to learn and adopt emerging AI tools and technologies in support of objectives.

Pay Range

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.

• 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, LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodianing 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 Join the LPL team and help us make a difference by turning life’s aspirations into financial realities.

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.

EOE.

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.

We Are LPL Benefits Culture Social Responsibility