AVP, 1099 Supported Models Strategy

Do you have extensive experience working in the independent wealth management industry?

Are you excited about the opportunity to lead strategic initiatives that support growth?

Are you an out-of-the-box thinker with a passion for innovating?

If so, the Assistant Vice President, 1099 Supported Models role could be for you!

Job Overview:

Our Advisor Business Line Strategy group is dedicated to developing and enhancing business models that support independent financial advisors. Within the group, the Assistant Vice President will spearhead strategic initiatives for LPL’s 1099 supported models business line.

The ideal candidate will have a proven track record in leading business recommendations and projects within the wealth management industry. They will excel in addressing key challenges faced by independent advisors and driving business growth through developing scalable programs and offers. This role involves assisting in the evolution of features, functionality, pricing, and capabilities for the 1099 supported models business line. The candidate should have strong business acumen and be flexible, capable of stepping into various responsibilities as the team explores, builds, and evolves a variety of opportunities for the business line.

Responsibilities:

Program Leadership:

• Lead major change initiatives for the 1099 supported models business line, focusing on profitability and growth, while considering opportunities to evolve the offer.

• Quickly learn from advisors, partners, and prospect feedback, applying an entrepreneurial mindset to iterate programs and offers.

Operational Development:

• Develop operational processes and procedures to support the 1099 supported models business line.

• Partner with the corporate finance department to ensure recommendations align with financial objectives.

Market and Data Analysis:

• Effectively use data, client feedback, and competitive intelligence to create compelling stories that secure cross-functional executive buy-in.

• Work with the broader reporting team to bridge reporting gaps and deliver business-specific insights.

Collaboration and Relationship Building:

• Develop strong relationships and influence internal teams to support and assist with projects, strategizing and creating innovative solutions to refine and scale the 1099-supported models offer.

Subject Matter Expertise:

• Maintain expert awareness of different 1099 supported models, serving as a subject matter expert for operational, consulting, business solutions, customer care, transition, sales, and support teams.

What are we looking for?

We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.

Requirements:

• 5+ years of experience in the independent wealth management industry, with knowledge across wirehouses, supported independence platforms, independent broker/dealers, and RIA custodians.

• Understanding of unique business needs for independent advisors and the value of support services (consulting, transition, outsourcing, compliance).

• Proven experience collaborating with cross-functional teams and business leaders to design and implement strategies.

• Strong business acumen, balancing offer appeal, advisor experience, and long-term product viability.

• Proficiency in MS Office and Salesforce.

Core Competencies:

• Influence, Analytical, Collaborator, Subject Matter Expertise, Adaptability

Preferences:

• Strategic thinker with strong analytical skills, able to identify root problems and evaluate business opportunities.

• Good presentation and interpersonal skills, capable of crafting concise presentations and gaining buy-in from partners.

• Self-starter comfortable in a fast-paced environment, with awareness of industry dynamics and the ability to adapt to various focuses.

• Financial acumen, with the ability to present clear, actionable findings

• Team player with a positive attitude, able to contribute individually and support a motivated team

• Bachelor's degree preferred and ability to travel up to 10%.

#LI-PA

Pay Range:

$110,775-$184,625/year
 Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!
 

Company Overview:

LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that the firm should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor ("RIA") firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional.

At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

Join LPL Financial: Where Your Potential Meets Opportunity

At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation’s leading independent broker-dealer, we offer an integrated platform of cutting-edge technology, brokerage, and investment advisor services.

Why LPL?

• Innovative Environment: We foster creativity and growth, providing a supportive and responsive leadership team. Learn more about our leadership team here!

• Limitless Career Potential: Your career at LPL has no limits, only amazing potential. Learn more about our careers here!

• Unified Mission: We are one team on one mission—taking care of our advisors so they can take care of their clients. Learn more about our mission and values here!

• Impactful Work: Our size is just right for you to make a real impact. Learn more here!

• Commitment to Equality: We support workplace equality and embrace diverse perspectives and backgrounds. Learn more here!

• Community Focus: We care for our communities and encourage our employees to do the same. Learn more here!

• Benefits and Total Rewards: Our Total Rewards package goes beyond just compensation and insurance. It includes a mix of traditional and unique benefits, perks, and resources designed to enhance your life both at work and at home. Learn more here!

Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.

Information on Interviews:

LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum.  During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card.  Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (855) 575-6947.

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