VP, Investment Products

What if you could build a career where ambition meets innovation? At LPL Financial, we empower professionals to shape their success while helping clients pursue their financial goals with confidence. What if you could have access to cutting-edge resources, a collaborative environment, and the freedom to make an impact? If you’re ready to take the next step, discover what’s possible with LPL Financial.

The Investment Products team within LPL’s Investment Management Solutions (IMS) group is responsible for delivering a highly competitive set of investment solutions across LPL’s brokerage and advisory platforms. This includes the platform and product offering, advisor / client access to solutions, and promotional activities. The team’s goal from an investment product management perspective is to enhance our advisors’ and their clients’ experience and ability to grow and to enhance our firm’s economic and risk profiles.

This role will be responsible for leading the team managing investment products including mutual funds, ETFs, money markets, capital markets and other high net worth solutions offered in this space. This leader will drive continual platform enhancements to offer a robust fund menu across all lines of business and set the prioritization of our product pipeline in support of demand coming from our growing acquisitions. The team is responsible for onboarding of new products, project management, and client experience across LPL’s investment product offerings. It coordinates with other functional teams such as LPL’s Research, Legal, Compliance, Operations, Marketing / Communication, Technology and sales / business development teams to collectively create great client outcomes.

Job Overview :

Lead the team of business owners responsible for mutual funds, ETFs, money markets, capital markets, and other high net worth and tax deferral solutions such as 529s, HSAs, DAFs. This includes leading the initial and ongoing due diligence of these products, and continual evolution of the process. Advise when we need to discontinue offering specific products. Set the strategy around product pipeline and sourcing, manage product requests, and identify / fill gaps on the platform to ensure the platform remains competitive and meets new areas of demand, continually benchmarking LPL’s platform against the industry. Engage with advisors to explain product availability, be a point of escalation for resolving complex problems in selling or servicing products and create / publish educational and marketing materials to increase engagement and awareness. Engage with asset managers to deliver a quality product shelf and manage selling agreement negotiations. Explore new investment structures and proactively seek new investment opportunities for platform distribution. Use asset flows, fund trends, industry trends and monitor share class usage at both the firm and industry level to advise how we strategically position our platforms Be an agent of change to influence — at both the industry and firm level — how we support new product innovation to investment offerings. Provide project leadership on a variety of firm roadmap initiatives. Collaborate with others in Investment Management Solutions where we see product spaces overlap

The position requires a candidate with deep investment product experience, specifically with mutual funds, ETFs, money markets, capital markets and tax deferral solutions. The ability to lead in partnership with other teams within IMS and across the organization is also critical to the role. Experience with investments and the ability to operate independently to advance projects and handle advisor escalations are baseline skills required of the role. Lastly, deep industry connectivity is expected in order to stay on top of industry trends and be an active voice across the space.

Responsibilities :

• Demonstrate a commitment to creating an environment in which the investment product shelf is managed in a manner consistent with the firm’s core values — namely putting the interests of our advisors and their clients first.
• Act as a subject matter expert for all aspects of LPL’s Mutual Fund, ETF, money market, capital markets and other tax deferral offerings
• Lead a team responsible for building the product pipeline, completing due diligence and onboarding products.
• Partner with others in Investment Management Solutions to support departmental and firm-wide initiatives
• Lead thought leadership to enhance / evolve LPL approach to Mutual Fund and ETF diligence assessing fund availability
• Partner with the firm’s Product Risk team to improve our approach to on-going monitoring. Own the resolution of specific issues with fund categories or fund companies
• Track regulatory changes and industry / competitor developments in terms of product, pricing, policy and platform experience within the investment product space
• Provide expertise in the offerings and consult with Marketing and Communication team members on product attractiveness and change management

Requirements :

Pay Range : $154,400-$257,400 / 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) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace. LPL supports over 29,000 financial advisors and the wealth-management practices of 1,100 financial institution, servicing and custodying approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 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.

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 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?

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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