SVP, Centrally Managed Advisory Programs (UMA)

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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:

The Wealth Management team is responsible for delivering a highly competitive set of investment advisory program solutions.  This includes the investment product offering, pricing, advisor/client experience, and promotional activities.  The team’s goal is to enhance our advisors’ and investors’ experience while helping to improve our firm’s economic and risk profiles.

The Senior Vice President of Centrally Managed Advisory Programs is responsible for the health, strategy, and evolution of the business line.  It leads the teams that oversee LPL’s centrally managed advisory programs and tax management capabilities across the firm’s various business channels.  This includes the strategy of the programs, delivery of initiatives, and working across the organization on the management of the programs.  The programs include Unified Managed Account (UMA), Separately Managed Account (SMA) and MF/ETF wrap programs.  The teams’ activities enable the firm to reach its goals related to advisory program adoption, asset growth, risk management, and profitability.

Responsibilities:

• Leveraging industry network and insights to assess LPL’s competitive position and create various strategies that evolve the programs in alignment with the firm’s objectives

• Distilling the strategies into discrete business opportunities, gaining alignment within the firm, and ultimately securing funding and capacity to proceed

• Shepherding initiatives to completion across multiple business, product, technology, operations, and field stakeholders

• Specific focus on supporting the build out of emergent capabilities within the UMA and tax capabilities across the LPL ecosystem.

• Presenting at various LPL and industry events to drive LPL advisor engagement and enhance the firms’ competitive intelligence

• Engaging with teams across LPL to understand the advisor experience, risk management needs, economics / product mix shift, and the positioning & delivery of the programs

The candidate must have a proven ability to:

• Develop the strategic vision for UMA and tax management offerings

• Lead change across large, complex organizations

• Collaborate and build consensus leveraging internal and external relationships to achieve desired outcomes

• Communicate effectively at all levels of management

• Engage with high profile clients on escalations and feedback.

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:

• Bachelor’s degree required; CFA or MBA preferred

• 15+ years of experience with 10+ years of specific experience in managing investment advisory platforms

• Knowledgeable on the advisory landscape with a focus on advisor platform experience and UMAs including familiarity with competition (wire houses, technology platform providers, IB/Ds, TAMPs, etc.), platform/ product trends and industry regulation

• Understanding of investment products, advisory / industry economics, and regulatory challenges

Pay Range:

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 www.lpl.com.

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 www.lpl.com.

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.

EAC 5.19.26