Senior Counsel

Ameriprise • Minneapolis, MN

9d • $150,000 - $225,000 • Hybrid

About The Position

Ameriprise Financial Services LLC is seeking an experienced licensed attorney to join the GCO Advice and Wealth Management Practice Group, supporting the firm’s Retail Advisory business, including managed accounts, financial planning, investment research, and portfolio management. The role provides practical, risk-based legal counsel to support business growth and innovation, effective risk management, and compliance with applicable regulatory requirements.

The Senior Counsel serves as a legal partner to business stakeholders, advising on advisory products, services, platforms, client offerings, and business initiatives. The role also supports the development and governance of advisory programs and related client materials, promotes sound risk-management and compliance practices, monitors legal and regulatory developments, and assists with regulatory examinations and inquiries.

Employees work in the office at least four days per week, with flexibility to work from home one day per week. Some roles may have different or additional in-office expectations, which will be discussed during hiring. The position is full-time and exempt. The estimated base salary is $150,000–$225,000 per year; total compensation may vary based on job-related factors and may include variable pay. The company offers vacation and sick time, a 401(k), and health, dental, and life insurance.

Requirements

• Juris Doctor degree from an accredited law school.
• Strong expertise in the Investment Advisers Act of 1940, state securities and investment management statutes and regulations, Regulation Best Interest, FINRA requirements, and applicable self-regulatory organization rules.
• At least five years of experience as a practicing attorney supporting retail advice offerings in the financial services industry.
• Ability to influence, gain credibility, and develop strong working relationships with business partners and external constituencies.
• Knowledge of applicable regulatory and industry trends.
• Strong business acumen and ability to provide practical, risk-based legal advice.
• Excellent communication, relationship-management, and collaboration skills.
• Strong judgment, analytical capabilities, and problem-solving skills.
• Admission to practice law in Minnesota or North Carolina, or eligibility for admission as in-house counsel.
• Valid U.S. work authorization that does not now or in the future require visa sponsorship.

Nice To Haves

• Experience with ERISA requirements applicable to retail advisory offerings.
• Experience supporting SEC, state, FINRA, or other regulatory examinations, inquiries, or enforcement matters.
• Experience supporting managed account platforms, dual registrant business models, or complex advisory offerings.
• Experience partnering with business partners on strategic initiatives.
• Experience mentoring paralegals or other legal professionals.

Responsibilities

• Serve as a trusted legal partner supporting managed accounts, financial planning, investment research, portfolio management, and related advisory solutions.
• Advise business partners on legal, regulatory, and strategic matters affecting advisory products, services, platforms, client offerings, and business initiatives.
• Support the development, enhancement, and governance of advisory programs, disclosures, agreements, and client-facing materials, while identifying and mitigating legal and regulatory risks.
• Partner with Compliance, Risk, and other stakeholders to promote effective governance, sound risk-management practices, and a culture of compliance.
• Provide guidance on emerging legal, regulatory, and industry developments affecting retail advisory businesses, including conducting legal research and benchmarking industry practices.
• Support regulatory examinations, inquiries, and interactions with regulators, outside counsel, and industry organizations, as appropriate.

Benefits

• Vacation time
• Sick time
• 401(k)
• Health insurance
• Dental insurance
• Life insurance
• Variable pay may be available through bonuses, commissions, and/or long-term incentives, depending on the role.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Ph.D. or professional degree