AVP, Associate Counsel
1 week ago
Job Overview:
The Legal Department at LPL Financial seeks a seasoned attorney to support the company and its financial professionals in providing financial services to clients across the United States.
This role will focus on providing advice on agreements, laws, and regulations impacting LPL's support of vulnerable investors and changes in account status arising from death, divorce, or the use of trusts and powers of attorney.
The successful candidate will work with an experienced team of lawyers to provide pragmatic legal advice and thought leadership to help LPL serve and protect investors.
Responsibilities:
- Respond to legal and regulatory issues affecting LPL and financial professionals, with a primary focus on agreements, laws, and regulations impacting changes in an investor's circumstances, such as death, marital status, legal capacity, exploitation, and vulnerability.
- Provide advice on SEC, FINRA, and state regulations on investor protection, trusted contacts, asset and transaction holds, privacy, and supervision pertaining to senior or vulnerable adults.
- Counsel LPL operations and financial professionals on issues arising from investors' use of trusts, retirement accounts, powers of attorney, designation of beneficiaries, and appointment of custodians.
- Counsel LPL operations and financial professionals on issues arising from laws and regulations protecting senior and vulnerable investors, uniform gifts to minors, and reporting requirements of state and local jurisdictions with regard to exploitation of vulnerable investors.
- Partner with our operations and business colleagues and other members of our Compliance, Legal, and Risk teams to promptly and effectively respond to novel situations.
Requirements:
- JD from a nationally accredited law school and admission to practice law in at least one jurisdiction in the U.S.
- 3-5 years of experience counseling in the financial services industry, with some familiarity with estates and divorce issues and an interest in learning more.
- Experience at a law firm, company in the financial services industry, or regulatory agency, preferably with a focus on financial services, investor protection, or probate, estate, and trusts law.
Core Competencies:
- Strong organizational and project management skills, including the ability to handle multiple tasks and manage deadlines in a fast-paced and demanding work environment.
- Excellent written and oral communication skills.
- Good interpersonal skills and ability to interact with members of senior management as well as adaptability and willingness to take on a wide variety of new tasks in a fast-paced environment.
LPL Financial offers a highly competitive Total Rewards package, including 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more.
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