Vice President, Assistant General Counsel - Retirement

About this role

Where Ambition Meets Innovation

Build a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.

Job Overview: The Legal Department at LPL Financial is seeking an attorney to support our retirement and recordkeeping business.  The role, Vice President, Assistant General Counsel, will work with an experienced team of lawyers to provide pragmatic legal advice and thought leadership related to the company’s advisory, brokerage, custodian and recordkeeping business for retirement plans and accounts.  The role will involve frequent interaction with the company’s business teams that support the firm’s retirement business, including operations, compliance, marketing, and platform development.

Responsibilities: • Advise on impacts of new and changing regulations affecting the retirement business of a broker-dealer, investment advisor, custodian and record keeper, in particular, regulatory developments from the Department of Labor (DOL), Internal Revenue Service (IRS), the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and state regulators.

• Legal analysis of compliance, regulatory and contractual issues affecting the company, including in particular: • Advising on 401(k), 403(b),457(b) plans, defined contribution plans, Traditional, Roth, SEP/SIMPLE IRAs, and rollover and distribution programs;

• Implementing new retirement plan and participant level program capabilities;

• Advising on ERISA fiduciary responsibilities and the prohibited transaction rules;

• Supporting omnibus recordkeeping and sub-transfer agency relationships involving third party product sponsors and service providers.

• Assist with maintenance of LPL’s retirement business in the context of the firm’s advisory and brokerage platforms

• Work with various business units within the company to draft and negotiate contracts with retirement plan clients, retirement plan platform providers, product sponsors and service providers

• Draft agreements, disclosure documents, communications and other forms for use with retail IRA and retirement plan clients

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: • JD from a nationally accredited law school, admitted to practice law, and in good standing, in at least one jurisdiction in the U.S.

• 8+ years of experience at a law firm or company in the financial services industry counseling on laws, rules and regulations impacting retirement plans and accounts

• Significant expertise with ERISA and the Internal Revenue Code, knowledge relating to retirement plan and omnibus recordkeeping and related services, and how retirement-related requirements intersect with general securities laws, including the Investment Advisers Act and Regulation Best Interest

• Experience advising on use of collective investment trusts, private funds, managed accounts and other plan asset investment vehicles

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

Core Competencies: • Strong business acumen as it relates to retirement-focused product offerings and services

• Ability to reduce complex legal issues into straightforward practical advice

• Strategic and critical thinking and decision-making skills

Preferences: • Strong organizational and project management skills, including the ability to handle multiple projects and manage deadlines in a fast-paced and demanding work environment

• Excellent written and oral communication skills

• Good interpersonal skills and ability to interact with members of senior management as well as adaptability and willingness to take on a wide variety of new tasks in a fast-paced environment

  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. Your recruiter will be happy to discuss all that LPL has to offer!   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

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