Senior Counsel – Mutual & Private Fund Distribution (Wealth & Investment Management)

Wells Fargo Bank•Charlotte, NC

5d•$139,000 - $260,000•Hybrid

About The Position

Wells Fargo is seeking a Senior Counsel to join the legal team supporting its Wealth and Investment Management (WIM) division. This Senior Counsel will support the legal and regulatory aspects of distributing registered investment companies and private investment funds. This role will work closely with business, compliance, and product teams to provide practical, business‑oriented legal advice on U.S. distribution channels and regulatory requirements. The ideal candidate will have deep familiarity with the Investment Company Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934, and related SEC and FINRA rules governing distribution activities across retail, institutional, and intermediary platforms. In this role, you will: Advise on the distribution of mutual funds, ETFs, and other registered products, including compliance with the Investment Company Act of 1940 and related SEC rules (e.g., Rule 12b‑1, Rule 22c‑1, Regulation Best Interest). Provide legal support for the distribution of private funds, including private placements under Regulation D, Regulation S, and related state blue sky requirements. Draft, review, and negotiate distribution‑related agreements, including selling agreements, dealer agreements, sub‑advisory arrangements, placement agent agreements, and intermediary contracts. Advise on marketing and advertising materials for registered and private funds, including compliance with SEC advertising and marketing rules. Counsel business partners on broker‑dealer, investment adviser, and intermediary regulatory issues. Monitor regulatory developments impacting fund distribution and provide proactive guidance to business and compliance teams. Collaborate closely with compliance, operations, product, and sales teams to facilitate compliant product launches and initiatives.

Requirements

4+ 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

Deep understanding Investment Company Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934, and related SEC and FINRA rules
Prior in‑house experience at an asset manager, fund sponsor, or financial services firm.
Experience with ETFs, interval funds, or alternative investment products.
Experience supporting both broker-dealer and bank distribution channels.
Demonstrated flexibility to adapt to dynamic scope of role to support changing business and Legal department priorities.

Responsibilities

Advise on the distribution of mutual funds, ETFs, and other registered products, including compliance with the Investment Company Act of 1940 and related SEC rules (e.g., Rule 12b‑1, Rule 22c‑1, Regulation Best Interest).
Provide legal support for the distribution of private funds, including private placements under Regulation D, Regulation S, and related state blue sky requirements.
Draft, review, and negotiate distribution‑related agreements, including selling agreements, dealer agreements, sub‑advisory arrangements, placement agent agreements, and intermediary contracts.
Advise on marketing and advertising materials for registered and private funds, including compliance with SEC advertising and marketing rules.
Counsel business partners on broker‑dealer, investment adviser, and intermediary regulatory issues.
Monitor regulatory developments impacting fund distribution and provide proactive guidance to business and compliance teams.
Collaborate closely with compliance, operations, product, and sales teams to facilitate compliant product launches and initiatives.