Counsel, AVP - WIM Financial Advisor Recruiting

Wells Fargo•St. Louis, MO

5d•$100,000 - $196,000•Hybrid

About The Position

Wells Fargo is seeking a Counsel, Assistant Vice President to join the legal team supporting its Wealth and Investment Management (WIM) division. The individual selected will be responsible for: (i) providing advice and guidance on financial advisor (FA) recruiting matters, (ii) analyzing and advising on legal questions concerning the Protocol for Broker Recruiting, (iii) advising on FINRA Form U5s, and (iv) supporting evolving WIM and Legal Department priorities. In this role, you will: Serve as a WIM Legal Division subject matter expert on financial advisor recruiting, which will entail engagement with business leaders and compliance and registration stakeholders. Advise on FA recruiting matters, including advising how to mitigate the risk of raiding claims, appropriately handle client information during FA transitions, and interpreting and advising on information contained in FINRA Form U5s. Analyze and advise on questions arising under the Protocol for Broker Recruiting. Interpret and advise on FA employment agreements, independent contractor agreements, succession agreements, team agreements, and promissory notes. Support evolving WIM business and Legal department initiatives. Collaborate closely with lawyers across the WIM Legal Division as well as members of the Compliance and Risk teams.

Requirements

2+ years of Law experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Active State Bar membership or the equivalent in a country outside the United States

Nice To Haves

Experience advising on: FA recruiting matters; mitigating the risk of raiding claims; the handling of client information during FA transitions; and Reg S-P and privacy considerations that arise during FA transitions.
Experience analyzing and advising on questions arising under the Protocol for Broker Recruiting.
Experience interpreting and advising on FA employment agreements, independent contractor agreements, succession agreements, team agreements, and FA promissory notes.
Experience documenting and operationalizing legal department procedures related to FA recruiting.
Industry knowledge regarding financial advisor recruiting practices, trends, and industry developments concerning recruiting FAs who are affiliated with broker-dealers, credit unions, banks, and independent contractor firms.
Prior experience at a broker-dealer or law firm advising on financial advisor recruiting, raiding considerations, and handling of client data during financial advisor transitions.
Experience reviewing and interpreting information on a FINRA Form U5 and advising on FINRA Form U5.
Demonstrated ability to work in a fast paced environment, respond timely to multiple, time-sensitive client inquiries, and support changing business and legal department priorities.

Responsibilities

Serve as a WIM Legal Division subject matter expert on financial advisor recruiting, which will entail engagement with business leaders and compliance and registration stakeholders.
Advise on FA recruiting matters, including advising how to mitigate the risk of raiding claims, appropriately handle client information during FA transitions, and interpreting and advising on information contained in FINRA Form U5s.
Analyze and advise on questions arising under the Protocol for Broker Recruiting.
Interpret and advise on FA employment agreements, independent contractor agreements, succession agreements, team agreements, and promissory notes.
Support evolving WIM business and Legal department initiatives.
Collaborate closely with lawyers across the WIM Legal Division as well as members of the Compliance and Risk teams.