Job ID R-028070 Date posted 04/18/2023 Are you a team player? Are you curious to learn? Are you interested in working in meaningful projects? Do you want to work with cutting-edge technology? Are you interested in being part of a team that is working to transform and do things differently? If so, LPL Financial is the place for you!
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.
Job Overview:
The Vice President, Investment Product Management role is primarily focused on our investment offerings in our advisory platforms that include multi-asset strategies and SMAs and is an important contributor to the overall investment and advisory product strategy.This position is focused on developing and leading the strategy on the investment selection of strategies and SMAs in our advisory platforms. This role will also lead the team responsible for day to day investment product management activities, in addition to driving and supporting initiatives to increase adoption of the platform. It involves working closely with our Business Development and Wealth Consulting groups on recruiting opportunities and recently recruited advisors/firms on ways to leverage the platform.
Responsibilities:
- Leverage and continually grow industry knowledge to deliver competitive investment solutions that will enable LPL to recruit to and drive adoption of our centrally managed platforms
- Lead and drive projects, initiatives, decisions and tasks forward to the successful execution of key priorities
- Capture feedback from advisors, stakeholders and key partners, translating this feedback into insights and recommendations on improving the investment offering
- Gathering competitive analysis for key strategic projects
- Partnering across the firm to advance initiatives, enhancements and remove roadblocks in Technology, Finance, Service/Trading, Operations and Legal/Risk
- Participate in the formulation of the product development roadmap
- Building presentations and delivering findings to leadership and stakeholders
- Lead the team responsible for day to day investment product management which includes identifying new strategies, SMAs, management reporting, and resolving issues in timely manner
What are we looking for?
We want strong collaboratorswho can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.
Requirements:
- Bachelor’s degree
- 10+ years financial services experience
Core Competencies:
- Knowledgeable on the investment advisory product landscape, specifically offerings in a UMAs (SMAs, Mutual Fund and ETF Strategists) and future state platforms including familiarity with competition (broker-dealers, RIAs, TAMPs, etc.), platform/ product trends and regulation.
- PowerPoint and presentation skills
- Platform management or operational experience associated with evaluating dynamic decisions and contributing towards recommendations that enhance the product offering
- Ability to interact effectively with business partners leveraging strong interpersonal and written communication skills
- Strong consensus builder who drives change to achieve desired outcomes
- Ability to communicate effectively to senior leadership
- Ability to handle multiple projects and deliver quality outcomes within short timeframes
- Energy, enthusiasm, strong work ethic
- Must demonstrate a strong business and financial acumen
Preferences:
- CFA preferred
- investment product/platform experience preferred
The Investment Product Management team within LPL’s Wealth Management Solutions (WMS) group is responsible for delivering a highly competitive set of investment solutions across the brokerage and advisory platforms. This includes the platform and product offering, advisor/client access to solutions, and promotional activities. The team’s goal from an investment product management perspective is to enhance our advisors’ and investors’ experience while helping to improve our firm’s economic and risk profiles.
Pay Range:
$132,080-$198,120/year
The salary range is dependent on a number of factors, including the applicant’s skill, experience, and work location.
Why LPL?
At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.
We areone team on one mission. We take care of our advisors, so they can take care of their clients.
Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees.We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.
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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 (800) 877-7210.