Assistant Vice President, Portfolio Management - Tax Overlay

LPL Financial • Charlotte, NY

1d

About The Position

Lead the evolution of trading and portfolio implementation for LPL’s Tax Overlay program with a focus on designing and scaling tax-optimized portfolio trading capabilities, advanced direct-indexing capabilities, and delivering advisor-friendly solutions as an Assistant Vice President – Tax Overlay, a key team leader within LPL’s Overlay Portfolio Management Group (OPMG). The OPMG team is part of LPL’s Wealth Management organization, and oversees all centrally traded Advisory Programs for LPL, with over 1 million accounts and ~$250B in AUM. This role requires expertise in tax-optimized investment philosophies and the ability to translate them into scalable, practical applications. The ideal candidate will be an innovator adept in designing and managing effective trading workflows for our most sophisticated investment portfolios, which are complex Unified Managed Accounts with a tax overlay component designed to deliver better after-tax outcomes for investors. Success in this role requires a balance of strategic planning, stakeholder engagement, and disciplined execution, partnering across business units to meet enterprise priorities. You’ll collaborate with internal and external stakeholders to drive alignment, manage risks, and uphold the integrity and scalability of program objectives. This position demands a unique blend of executional rigor, strategic thinking, and deep platform knowledge. Success will be measured by the seamless implementation of tax overlay services, stakeholder satisfaction, and new process implementation and scalability.

Requirements

• Bachelor’s Degree required.
• Series 7 and 66 (or 63/65 equivalent) or obtain within 90 days of hire.
• 5+ years in investment-management program leadership, advisory platforms, or overlay-strategy implementations.
• Proven track record of driving enterprise initiatives with executive-level impact.
• Demonstrated ability to lead through ambiguity, manage competing priorities, and deliver against tight deadlines.
• Exceptional storytelling, presentation, and influencing skills; comfortable engaging C-suite and advisor audiences.
• Deep expertise in unified managed accounts, portfolio accounting systems, and trading operations.
• Extensive understanding of quadratic and mixed-integer optimization and multi-factor risk modeling, with hands-on experience using industry-leading platforms such as Axioma, Northfield, MSCI Barra & QIS, n-factor Risk Models, Vestmark VAST, Envestnet/PMC or other advanced tax overlay technologies for scalable, tax-aware portfolio construction.
• Strong analytical mindset; data science and deep data analytics background, advanced Excel (pivot tables, VBA/macros), and data-visualization proficiency.
• Working knowledge of Modern Portfolio Theory, multi-factor risk models, and tax-optimization algorithms.

Nice To Haves

• Familiarity with LPL’s Advisory Account framework and technology ecosystem.
• CFA designation or progress toward completion.
• MBA or advanced degree in Finance, Mathematics, or Engineering
• Experience leading Tax Overlay or Direct Index Tax solutions focusing on scaling tax-aware rebalancing and overlay workflows.
• Experience integrating advanced trading technology and automation for scalable tax overlay execution.
• Experience with industry leading Tax Overlay or Direct Index portfolio managers and solution providers such as Envestnet, Parametric, Russell, Natixis, 55IP, MyVest, Vestmark, InvestCloud, or others.

Responsibilities

• Strategic Platform Leadership : Lead rollout and scaling of tax-optimized direct indexing and overlay frameworks, aligning with LPL’s enterprise growth targets.
• Innovation in Trading Technology : Design and implement automated tools and proprietary trading platforms to enhance scalability and performance of overlay and direct indexing strategies.
• Design and Execution at Scale : Develop and implement sophisticated tax-optimized multi asset UMA and direct indexing overlay trading capabilities that integrate multi-factor risk models with client-specific customizations, delivering scalable, tax-efficient, and highly personalized portfolio solutions.
• Tax Overlay Execution : Oversee and manage daily tax efficient portfolio management workflows — account and sleeve-level optimization, trade review and trade execution, and tax sensitive account transition processes leveraging industry leading cloud-based infrastructure, database tools, and machine learning.
• Performance Monitoring & Analytics : Drive daily oversight using performance metrics suitable for complex, tax sensitive investment portfolios such as short-term/long-term net realized gains, tracking error at the account and sleeve level, and portfolio statistics to support advisor-facing teams that will mitigate escalations.
• Advisor & Stakeholder Engagement : Build high-impact advisor materials, facilitate training sessions, and present the value of tax overlay solutions to internal and external stakeholders.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees