Business Consultant

LPL Financial•Washington, DC

About The Position

Lead with Purpose, Unlock Your Team’s Passion 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: Financial Advocates and LPL Financial is looking for a qualified Business Consultant, serving as an ally and partner in providing consultation and guidance to improve financial advisors’ practices. You will play an integral part in undertaking projects on behalf of the client’s business and providing a world class service. A successful business consultant, first and foremost, has a broad knowledge of the many facets of market forces and business. The ideal candidate will also possess great problem-solving skills to provide solutions and recommendations that will increase the financial advisor’s profitability and efficiency.

Requirements

Bachelor's Degree or higher in Business, Finance, Economics, Administration, or equivalent related experience and/or training.
5+ years of experience in the financial services industry and consulting.
Familiarity with a wide selection of business management software (e.g., Salesforce, Redtail, E-Money).
Series 7, 63, 65, and/or 66 licenses
Analytical mind with excellent data collection and organization skills.
Excellent time management and organizational skills.
Outstanding communication and interpersonal skills.

Nice To Haves

Relevant industry experience working with independent financial advisors
Strong knowledge of investments, financial operations, insurance, and business practices, with a solid understanding of the broker/dealer landscape

Responsibilities

Organize and execute assigned business projects on behalf of clients (recruiting, business structure, products, payroll, promotional campaigns, etc.) according to client’s requirements and recommendations
Meet with assigned clients, per our service model, when needed and perform an initial assessment of a problematic situation
Collect information about the client’s business through a variety of methods (shadowing, interviews, surveys, etc.)
Analyze and interpret data to identify areas of improvement
Formulate recommendations and solutions and present to clients
Partner with the clients to implementing plans and resolve any issues
Relationship Management Work directly with Financial Advisors and their teams in a consulting and coaching capacity
Centralized point of contact for advisor questions, issues, and/or advice
Help advisors navigate products and services available
Keep advisors informed of any LPL, Financial Advocates, and regulatory changes
Collaborate with internal teams and external partners
Practice Management/Business Planning Work with advisors and their teams to analyze current business practices, recommend business models, tools, products and/or services
Create and implement the firm’s productivity initiatives
Facilitate completion and implementation of advisor business plans
Implement Client Segmentation, value proposition/mission statement, and client service model
Provide succession planning advice and guidance
Discuss team structures and define roles
Deliver business valuations
Share advisor best practices
Regional Meetings / Study Groups Organize and facilitate periodic advisor study groups, focus groups and regional meetings
Incorporate sponsors and industry experts
Increase advisor capabilities and promote best practices