Where Ambition Meets Innovation
Build a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.
Job Overview:
The Manager of Overlay Trading is a key leader within the Overlay Portfolio Management Group (OPMG) and is responsible for the oversight, execution, and continuous improvement of LPL's centrally managed advisory platforms. This includes oversight of trading for LPL’s Model Wealth Portfolios (UMA), Manager Select (SMA), Optimum Market Portfolios (mutual fund wrap), and Guided Wealth Portfolios (ETF Wrap). The role helps lead a team of 14 professional analysts and traders supporting more than $250B in assets under management.
As a key leader on the OPMG team within the Wealth Management organization at LPL, the Manager partners closely with the Overlay Operations and Service teams, the Overlay Evolution and Development team, third party platform vendors, and additional stakeholders to deliver a best-in-class outsourced trading solution. This leader drives a high‑performance culture focused on exceptional service, operational excellence, continuous innovation, and proactive issue resolution.
Responsibilities:
Lead, coach, and develop a team of analysts and traders responsible for the daily management of LPL's centrally managed advisory platforms.
Provide oversight of trading, rebalancing, account maintenance, model implementation, and operational workflows to ensure accurate and timely execution.
Serve as the primary escalation point for complex operational issues, advisor concerns, and trading-related incidents, driving issue resolution and risk mitigation.
Lead strategic initiatives, platform enhancements, conversions, and cross-functional projects that support business growth and operational scalability.
Partner with Product, Technology, Service, Risk, Compliance, and Operations teams to deliver platform improvements and business objectives.
Drive continuous process improvement efforts focused on efficiency, controls, advisor experience, and operational excellence.
Monitor operational performance, service levels, and key risk indicators, ensuring adherence to policies, procedures, and regulatory requirements.
Act as a subject matter expert and organizational leader by supporting advisor education, team communications, and enterprise-wide business initiatives.
What Are We Looking For?
We’re looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.
Requirements
Bachelor’s degree and Series 7 and 65/66 required.
8+ years of experience in financial services, trading operations, portfolio management support, investment operations, or related disciplines.
3+ years of leadership, supervisory, or team management experience.
Proven ability to lead cross-functional initiatives, operational improvements, and advisor-facing escalations.
Core Competencies:
Leadership and Talent Development
Strategic Thinking and Execution
Operational Risk Management and Controls
Process Improvement and Operational Excellence
Cross-Functional Collaboration and Change Leadership
Data-Driven Decision Making
Expertise with managed account and trading platforms (e.g., Vestmark, InvestCloud, MyVest, Charles River)
Preferences:
Experience supporting UMA, SMA, and model delivery programs.
Business process improvement and project management experience preferred.
Experience working with advisor-facing investment products and platforms.
Pay Range:
$106,090.00 - $176,748.00Actual 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) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace(6) , LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
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.
For further information about LPL, please visit www.lpl.com.
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.
EAC 5.19.26
Skills Required
- Bachelor's degree
- Series 7 license
- Series 65 or 66 license
- 8+ years experience in financial services, trading operations, portfolio management support, or investment operations
- 3+ years of leadership, supervisory, or team management experience
- Proven ability to lead cross-functional initiatives, operational improvements, and advisor-facing escalations
- Expertise with managed account and trading platforms (Vestmark, InvestCloud, MyVest, Charles River)
- Experience supporting UMA, SMA, and model delivery programs
- Business process improvement and project management experience
- Experience working with advisor-facing investment products and platforms
LPL Financial Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about LPL Financial and has not been reviewed or approved by LPL Financial.
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Retirement Support — Retirement programs include a company 401(k) match that is frequently highlighted as a strong component of total rewards. Feedback suggests these features meaningfully enhance long‑term financial value.
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Equity Value & Accessibility — An employee stock purchase plan with a meaningful discount and lookback is highlighted as accessible ownership. Feedback suggests the plan adds tangible upside beyond base salary.
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Parental & Family Support — Paid parental leave has been expanded alongside family‑building and adoption support. Feedback suggests these benefits compare well to large‑employer standards.
LPL Financial Insights
What We Do
Financial advice is changing, and at LPL Financial, we’re at the forefront. We’re building a future where advisors can—with no friction or complexity, as simple as turning the dials—pick the business model, services, technology, and product mix that best meet their clients’ needs. With one platform, one sign-on, and one team to call, you can take your business anywhere you want it to go. There are no limits to your growth, and we’ll partner with you every step of the way. Your greatness is our goal. LPL Financial is a leader in the retail financial advice market and the nation’s largest independent broker/dealer*. We serve independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions. LPL.com Securities and Advisory Services offered through LPL Financial. A registered investment advisor, Member FINRA/SIPC.
