Morningstar Logo

Morningstar

Director, Advisor Practice Management

Reposted 8 Days Ago
Be an Early Applicant
Hybrid
Chicago, IL
171K-262K Annually
Entry level
Hybrid
Chicago, IL
171K-262K Annually
Entry level
Leads Morningstar’s advisor practice management strategy by consulting with financial advisors, developing growth and productivity frameworks, creating thought leadership, enabling distribution teams, and delivering workshops, webinars, and coaching. The role helps advisors improve client acquisition, segmentation, staffing, succession planning, operational effectiveness, and retention while connecting advisor needs with Morningstar’s broader investment, research, marketing, and product capabilities.
The summary above was generated by AI

The Group:

Morningstar Wealth is a core part of the broader Morningstar group, empowering investor success by delivering world-class investment products and technology solutions to advisors, individuals, and the businesses who serve them. As a global team, we build upon our renowned data, research, analytics and thought leadership to deliver intelligent, flexible, and scalable products into the hands of our clients. By bringing the best of Morningstar together, we remove friction, save time, and help clients achieve goals.

Position Summary:

The Director of Advisor Practice Management will lead the development and delivery of Morningstar's advisor consulting and practice management strategy. This individual contributor role is responsible for helping financial advisors build stronger, more productive businesses while increasing advisor satisfaction, engagement, and retention. 

Acting as a trusted consultant to advisors and a strategic partner to the distribution organization, the Director will create scalable programs, thought leadership, and coaching frameworks that address key advisor challenges including growth, client acquisition, segmentation, staffing, succession planning, business development, productivity, and practice management. 

This individual will also help advisors unlock additional value from Morningstar's broader capabilities, ensuring Morningstar is viewed as a strategic business partner rather than solely an investment management provider. 

Key Responsibilities: 

Advisor Consulting 

  • Serve as a trusted practice management consultant to top advisor relationships. 
  • Conduct consultations, workshops, and coaching sessions with advisors and enterprise partners. 
  • Help advisors improve business growth, productivity, client experience, and operational effectiveness. 
  • Deliver actionable recommendations supported by industry best practices and benchmarking. 

Intellectual Capital & Content Development 

  • Create practice management frameworks, tools, assessments, workshops, and advisor-facing resources. 
  • Develop thought leadership on advisor growth, business management, succession planning, staffing, and client acquisition. 
  • Maintain a forward-looking perspective on industry trends and advisor business challenges. 

Distribution Enablement 

  • Partner closely with sales leadership, relationship managers, and portfolio specialists. 
  • Equip field teams with practice management insights and tools that deepen advisor relationships. 
  • Support strategic advisor and home-office engagements. 

Advisor Engagement 

  • Lead webinars, workshops, conference presentations, and advisor events. 
  • Increase participation and engagement in practice management offerings. 
  • Help establish Morningstar as a leading thought partner to advisors. 

Cross-Functional Collaboration 

  • Partner across investment management, wealth, marketing, research, and product teams. 
  • Identify opportunities to connect advisor needs with relevant Morningstar capabilities. 
  • Support initiatives that deepen client relationships and strengthen retention. 

Requirements:

  • Minimum 8 years of experience in wealth management, asset management, advisor consulting, or practice management
  • Bachelor’s degree
  • Significant experience working directly with financial advisors
  • Proven track record developing advisor-facing consulting programs and thought leadership
  • CFP and/or CIMA preferred
  • Series 7 + 66 Licenses preferred

Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

  • Financial Health

    • 100% 401k match up to 6% of salary

    • Stock Ownership Potential

    • Company provided life insurance - 1x salary + commission

  • Physical Health 

    • Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages

    • Additional medical Wellness Incentives - up to $300-$600 annual

    • Company-provided long- and short-term disability insurance

  • Emotional Health 

    • Trust-Based Time Off

    • 6-week Paid Sabbatical Program

    • 6-Week Paid Family Caregiving Leave

    • Competitive 8-24 Week Paid Parental Leave

    • Adoption Assistance

    • Leadership Coaching & Formal Mentorship Opportunities

    • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses

    • Tuition Reimbursement

  • Social Health 

    • Charitable Matching Gifts program

    • Dollars for Doers volunteer program

    • Paid volunteering days

    • 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range

$170,925.00-262,075.00

Inclusive of annual base salary and target incentive

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

002_MstarAssocLLC Morningstar Investment Management LLC Legal Entity

Morningstar New York, New York, USA Office

Morningstar New York - Broadway Office

140 Broadway, 43rd Floor, New York, New York, United States, 10005 1108

Morningstar New York, New York, USA Office

Morningstar New York - Park Ave Office

315 Park Ave S, 14th Floor, New York, New York, United States, 10010 3607

Similar Jobs at Morningstar

6 Hours Ago
Hybrid
100K-500K Annually
Mid level
100K-500K Annually
Mid level
Artificial Intelligence • Big Data • Enterprise Web • Fintech • Software • Financial Services
Create and optimize investing content across social media, newsletters, video, and visual formats. Develop graphics, carousels, charts, scripts, newsletter content, and on-camera videos; translate complex financial topics for individual investors; identify high-potential stories; use audience performance data to improve content; and collaborate with editorial, design, video, research, and corporate social teams while maintaining editorial accuracy and consistency.
Top Skills: CanvaGoogle AnalyticsMorningstar Design SystemsParse.LySprinklr
Yesterday
Hybrid
100K-500K Annually
Senior level
100K-500K Annually
Senior level
Artificial Intelligence • Big Data • Enterprise Web • Fintech • Software • Financial Services
Partners with Information Technology leadership on budgeting, forecasting, financial modeling, performance analysis, cost allocation, and long-term planning. Analyzes KPIs and financial results, improves forecast accuracy and recurring processes, supports procurement and contract decisions, and provides data-driven insights for strategic initiatives. Collaborates with business units, regions, procurement, business intelligence teams, and senior stakeholders to improve financial visibility and value creation.
Top Skills: Agentic AiHyperionExcelOraclePower BITableauWorkdayWorkday Adaptive Planning
Yesterday
Hybrid
90K-133K Annually
Senior level
90K-133K Annually
Senior level
Artificial Intelligence • Big Data • Enterprise Web • Fintech • Software • Financial Services
Design and build cloud-native microservices, REST APIs, and highly available backend services supporting large-scale data requests. Translate business requirements into scalable platform solutions, contribute to architecture modernization, and uphold engineering practices including testing, observability, CI/CD, and code reviews. Troubleshoot production issues, improve reliability, and evaluate emerging data engineering and generative AI technologies. Mentor colleagues and collaborate across technical and business teams.
Top Skills: Amazon CloudwatchAmazon EcsAmazon S3Amazon SnsAmazon SqsAWSAws IamAws LambdaCi/CdDevOpsGenerative AiInfrastructure As CodeJavaMongoDBPythonRedisRestful ApisSpring BootSQL Server

What you need to know about the NYC Tech Scene

As the undisputed financial capital of the world, New York City is an epicenter of startup funding activity. The city has a thriving fintech scene and is a major player in verticals ranging from AI to biotech, cybersecurity and digital media. It also has universities like NYU, Columbia and Cornell Tech attracting students and researchers from across the globe, providing the ecosystem with a constant influx of world-class talent. And its East Coast location and three international airports make it a perfect spot for European companies establishing a foothold in the United States.

Key Facts About NYC Tech

  • Number of Tech Workers: 549,200; 6% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: Capgemini, Bloomberg, IBM, Spotify
  • Key Industries: Artificial intelligence, Fintech
  • Funding Landscape: $25.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Greycroft, Thrive Capital, Union Square Ventures, FirstMark Capital, Tiger Global Management, Tribeca Venture Partners, Insight Partners, Two Sigma Ventures
  • Research Centers and Universities: Columbia University, New York University, Fordham University, CUNY, AI Now Institute, Flatiron Institute, C.N. Yang Institute for Theoretical Physics, NASA Space Radiation Laboratory

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account