ERISA Lawyer and Asset Management Expert

1 week ago


Santa Monica, California, United States Wilshire Advisors, Llc Full time

Wilshire Advisors, Llc

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We are seeking a seasoned Associate Counsel to join our in-house legal team. This role requires a deep understanding of ERISA regulations, asset management, and retirement plan compliance. The ideal candidate will have 5-6 years of experience in ERISA asset management law, with a background in in-house counsel at a registered investment adviser or an AmLaw 100 law firm.

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The successful candidate will provide legal advice and guidance on ERISA compliance and related regulations, oversee and manage legal aspects of asset management services, and negotiate ERISA-related contracts across various business lines. They will also advise on fiduciary matters related to the firm's internal benefit plans and changes to ERISA rules impacting benefit plan fiduciaries.

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This position offers a comprehensive benefits package, including a collaborative work environment, generous PTO, 401(k) match, affordable & comprehensive medical/dental/vision insurance, CFA and other professional membership reimbursement, and more. We offer a salary range of $200,000, which may vary based on location, qualifications, skills, and experience. Our total compensation package includes eligibility for an annual discretionary bonus and a full range of health and financial benefit offerings.

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The successful candidate will be responsible for:

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  • Providing legal advice and guidance on ERISA compliance and related regulations;">
  • Oversighting and managing legal aspects of asset management services, ensuring adherence to applicable laws and industry standards;">
  • Negotiating all ERISA-related contracts across various business lines, ensuring compliance and alignment with fiduciary obligations;">
  • Advising on fiduciary matters related to the firm's internal benefit plans and changes to ERISA rules impacting benefit plan fiduciaries;">
  • Providing legal support for existing and new services and product offerings across the firm;">
  • Negotiating investment management agreements and other contracts involving plan assets;">
  • Participating in client onboarding and implementation meetings to ensure compliance with legal and fiduciary standards;">
  • Managing conflicts of interest across different client types and products, ensuring transparency and adherence to regulatory guidelines;">
  • Advising on overall fiduciary governance and compliance, ensuring that all practices meet regulatory requirements and best practices;">
  • Supporting the firm's qualified professional asset manager (QPAM) compliance program, overseeing compliance with internal reviews, reports, policies and procedures, audit requests, and QPAM training;">
  • Drafting, reviewing, and negotiating contracts, including investment management agreements, consulting agreements, service agreements, and other legal documents;">
  • Conducting legal research and staying updated on relevant legislation and regulatory developments affecting the asset management industry;">
  • Assisting with the development of training materials and programs to educate internal teams on compliance and legal requirements;">
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To succeed in this role, you will need:

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  • A Juris Doctor (JD) from an accredited law school;">
  • 5-6 years of relevant ERISA asset management legal experience, with a background in in-house counsel at a registered investment adviser or an AmLaw 100 law firm;">
  • Deep knowledge of ERISA regulations, asset management, and retirement plan compliance;">
  • Experience managing the regulatory environment governing investment advisory services, including conflicts management across a variety of clients and product types;">
  • Excellent analytical, drafting, and negotiation skills;">
  • Excellent interpersonal and communication skills, with the ability to work collaboratively across departments;">
  • Active membership in good standing of the CA, IL, or NY bar;">
  • Availability to work 2-3 days in-office at Wilshire's offices in Santa Monica, Chicago, or New York City;">
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This position offers a unique opportunity to work in a fast-paced and dynamic environment, collaborating with experienced professionals who share your passion for asset management and ERISA law. If you are motivated, innovative, and possess a strong commitment to excellence, we encourage you to apply.

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We are committed to creating a diverse and inclusive workplace where everyone has the opportunity to thrive. We are proud to be an equal opportunity employer and welcome applications from talented individuals from all backgrounds.



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