SVP, Advisor Compensation and Practice Management

SVP Compensation and Practice Management

LPL’s mission is to enable advisors to manage and grow their practices. A critical component of achieving that mission is to provide advisors and their businesses with insights and capabilities that enable them to manage client fees, benchmark against other practices and provide a seamless and predictable process for managing compensation.

The SVP of Compensation and Practice Management is responsible for developing and executing the strategy to evolve LPL’s current offering.  Helping advisors create efficient practices while providing business insights, billing capabilities and practice management tools that are predictable, flexibly manage their growth and add value to their business.  This includes developing and managing the customer experience across key areas that include practice management, fee billing, advisor compensation, practice reporting, registrations and LPL’s evolving and expanding business affiliation models. The SVP will build cross-functional partnerships with internal stakeholders to research, design and build the end-to-end strategy, user experience, execution and overall adoption and go-to-market plans.  Further, collaborating closely with LPL’s Business and Technology teams to deliver a robust roadmap that communicates the product vision clearly to executive leaders as well as execution teams.  The role will also provide leadership in partnering and negotiating with 3rd party technology solution providers, as well as determining the appropriate strategy for decisioning on build/buy offerings.  Lastly, this leader will interact with advisors and their teams to identify opportunities to improve their utilization of LPL’s offering and overall experience.

To be successful in this role, the SVP will exude a passion for modern product management, with a focus on agile development and iterative delivery of solutions. Requires the ability to get into the details with the team to solve problems and deliver solutions, as well as have the ability to roll up the efforts of the team in a cohesive communication to the most senior levels in the company and to clients. Driving the roadmap as well as communicating its progress to a variety of audiences is critical. The outputs of the roadmap drive the business outcomes, and this leader will understand how to work with analytic partners to measure the success of the team’s efforts.

This role is a key leader within a team that values colleagues who can anticipate what needs to get done and act accordingly, are fast learners and can solve problems leveraging high standards with a willingness to deliver progress over perfection. We are on a journey to build world-class tools and experiences that help our advisors, so they can help their clients.  

Essential Responsibilities:

• Drives the creation and delivery of the Compensation and Practice Management portfolio, with a focus on developing an end-to-end client experience delivered through agile development
• Works with a  diverse group of cross-functional teams to ensure creative and continuous improvements – with the goal of exciting our advisors and their clients, leading the market, and attracting additional business
• Drive insights and practical recommendations using feedback from advisors, internal stakeholders and key partners across the enterprise
• Deliver internal and external executive level updates, improvement recommendations and enable the development of new growth opportunities

Qualifications:

•   Passion for driving engaging and valuable customer experiences and ability to persuade others to share this vision, collaborate and execute
•   12-15 years of experience in product management related roles, preferably within a broker-dealer, RIA, investment or financial services firm
•    10+ years of developing, cultivating and leading strong, high-performing teams in an agile environment
•    Flexibility and organizational change management experience
•    The ability to work in a cross-functional team and drive outcomes, in some cases without having direct authority
•    Effective communication skills, both written and oral, with ability to present materials to the highest levels in the organization and serve as one of the recognized subject matter experts on the team
•    Demonstrate business acumen and the ability to interact with senior leaders, including developing, presenting and gaining approval on any business cases and funding requests needed to further drive the execution of the roadmap
•    Strong analytical skills with demonstrated ability to evaluate business opportunities and evaluate results against established objectives
•    Actively anticipates, identifies and manages risks within position scope and at the company
•    Expert consensus builder who drives change across initiatives within and outside direct accountability and evaluates solutions to the most complex business challenges

Education:

• Bachelor’s degree in a related field;
• Holder of series 7 & 24, or willingness to obtain once in role

Pay Range:

$179,775-$299,625/yearActual 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. LPL supports over 29,000 financial advisors and the wealth-management practices of 1,100 financial institution, servicing and custodying approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 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.

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 LPL Financial: Where Your Potential Meets Opportunity

At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation’s leading independent broker-dealer, we offer an integrated platform of cutting-edge technology, brokerage, and investment advisor services.

Why Lpl?

• Innovative Environment: We foster creativity and growth, providing a supportive and responsive leadership team. Learn more about our leadership team here!
• Limitless Career Potential: Your career at LPL has no limits, only amazing potential. Learn more about our careers here!
• Unified Mission: We are one team on one mission—taking care of our advisors so they can take care of their clients. Learn more about our mission and values here!
• Impactful Work: Our size is just right for you to make a real impact. Learn more here!
• Commitment to Equality: We support workplace equality and embrace diverse perspectives and backgrounds. Learn more here!
• Community Focus: We care for our communities and encourage our employees to do the same. Learn more here!
• Benefits and Total Rewards: Our Total Rewards package goes beyond just compensation and insurance. It includes a mix of traditional and unique benefits, perks, and resources designed to enhance your life both at work and at home. Learn more here!

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.

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