SVP, Centrally Managed Advisory Programs (UMA)

LPL Financial•Charlotte, NY

About The Position

The Wealth Management team is responsible for delivering a highly competitive set of investment advisory program solutions. This includes the investment product offering, pricing, advisor/client experience, and promotional activities. The team’s goal is to enhance our advisors’ and investors’ experience while helping to improve our firm’s economic and risk profiles. The Senior Vice President of Centrally Managed Advisory Programs is responsible for the health, strategy, and evolution of the business line. It leads the teams that oversee LPL’s centrally managed advisory programs and tax management capabilities across the firm’s various business channels. This includes the strategy of the programs, delivery of initiatives, and working across the organization on the management of the programs. The programs include Unified Managed Account (UMA), Separately Managed Account (SMA) and MF/ETF wrap programs. The teams’ activities enable the firm to reach its goals related to advisory program adoption, asset growth, risk management, and profitability.

Requirements

Proven ability to develop the strategic vision for UMA and tax management offerings
Proven ability to lead change across large, complex organizations
Proven ability to collaborate and build consensus leveraging internal and external relationships to achieve desired outcomes
Proven ability to communicate effectively at all levels of management
Proven ability to engage with high profile clients on escalations and feedback.
Bachelor’s degree required
15+ years of experience
10+ years of specific experience in managing investment advisory platforms
Knowledgeable on the advisory landscape with a focus on advisor platform experience and UMAs including familiarity with competition (wire houses, technology platform providers, IB/Ds, TAMPs, etc.), platform/ product trends and industry regulation
Understanding of investment products, advisory / industry economics, and regulatory challenges

Nice To Haves

CFA or MBA preferred

Responsibilities

Leveraging industry network and insights to assess LPL’s competitive position and create various strategies that evolve the programs in alignment with the firm’s objectives
Distilling the strategies into discrete business opportunities, gaining alignment within the firm, and ultimately securing funding and capacity to proceed
Shepherding initiatives to completion across multiple business, product, technology, operations, and field stakeholders
Specific focus on supporting the build out of emergent capabilities within the UMA and tax capabilities across the LPL ecosystem.
Presenting at various LPL and industry events to drive LPL advisor engagement and enhance the firms’ competitive intelligence
Engaging with teams across LPL to understand the advisor experience, risk management needs, economics / product mix shift, and the positioning & delivery of the programs