Chief Advocacy Officer

LPL Financial (Nasdaq : LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around.

Today, LPL is a leader* in the markets we serve, supporting more than 22,000 financial advisors, 1,100 institution-based investment programs and 500 independent RIA firms nationwide.

We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor.

At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice.

And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

We are seeking a dynamic leader who is passionate about advancing the firm’s and our client’s interests through strategic and proactive advocacy.

The Chief Advocacy Officer reporting to our Managing Director, Chief Legal Officer, will partner closely with each business unit and our clients to identify legislative priorities and will develop a strategic plan to move those priorities forward through lobbying, grassroots engagement, internal and external education campaigns, policy related communications, research, engagement with trade associations, by forming strategic coalitions, etc.

This role will oversee all government relations activities on behalf of LPL Financial at all levels of government : federal, state, and local, including oversee the firm’s Political Action Committee and the firm’s relationships with trade associations and other key partners.

This individual will have a proven track record of creating innovative, industry-leading strategies and programs, and will need to be comfortable operating in a collaborative, fast-paced and matrix environment.

Key Direct Reports

• State and Federal Lobbyists
• PAC Team
• Policy Analysts

Primary Responsibilities

Lead and oversee LPL Financial’s engagement in state and federal legislative and government affairs nationally, including :

• Leading and overseeing the development and execution of LPL’s advocacy strategies (e.g. develop an annual plan, calendar and budget which maps out the advocacy agenda)
• Identifying legislative and policy priorities through close and proactive internal stakeholder engagement.
• Developing and maintaining strategic relationships to enhance the company’s profile with policymakers and their staff, working closely with stakeholders and allies.
• Formulating and executing policy advocacy and identifying developments that might impact the firm on a broad range of issues.
• Managing a multi-issue policy portfolio, including analyzing relevant legislative and regulatory and developing company positioning.
• Representing LPL Financial externally with key stakeholders (including trade associations, regulators, legislators, special purpose coalitions, etc).
• Effectively manages the LPL PAC
• Partnering closely with Legal, Compliance, and Risk to identify trends that may impact the advocacy agenda

Provide guidance to corporate senior leadership by :

• Informing senior leadership and developing executive communications on federal policy matters.
• Educating cross functional leaders on legislative / regulatory changes that impact business activity and providing guidance as they implement compliance strategies.

Support other Government Affairs activities and projects, including :

• Identifying, shaping and / or creating opportunities at public events to educate policymakers about LPL Financial to bolster the firm, our clients and the industry’s reputation.
• Developing or overseeing the creation of content for internal and external communications related to policy developments, in partnership with the regulatory communications lead.
• Supporting and guiding the Government Relations team in executing the government affairs advocacy objectives as well as ad hoc policy issues as they arise.
• Executing a clear owner engagement plan on key policy initiatives and advocacy efforts at the federal level.

The Ideal Candidate :

• Bachelor’s degree in government affairs or a related field preferred
• 15+ years of experience working in a federal legislative office, in a legislative affairs or policy role within a government agency, political campaign, or in a government relations role, or with a mix of government, campaign and private sector experience preferred.
• Fluency with the federal political and legislative processes, as well as experience with grassroots and coalition management.
• Ability to analyze political trends and identify political opportunities to advance our position.
• Excellent analytical and problem-solving skills, with the ability to use data to drive decision-making.
• Exceptional leadership and team management and development abilities.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with senior leaders and employees.
• Exceptional presentation and public speaking skills are essential, as this key position will represent LPL on issues to internal and external audiences.
• Demonstrated ability to work in a fast-paced, high-growth environment.
• Demonstrated a proven record of effective leadership and management and ability to effectively manage a staff of advocacy professionals with a skill for fostering a collaborative environment.

Core Competencies : Strategic Agility

Strategic Agility

• Leans into ambiguity runs towards the challenge with confidence
• Thinks big and creates a bold agenda that inspires people
• Demonstrates learning with accountability, curiosity and humility

Problem Solving / Decision Making

• Expects and requires innovation and simplification from diverse teams
• Bias for action and calculated risk-taking
• Benchmarks against the best; knows what problems they are solving

Operational Excellence

• Moves up and down in altitude, stays connected to the details
• Mobilizes people and teams to confront tough new realities and does the necessary learning, seeks feedback, and iterates to accelerate success
• Seeks and applies workforce analytics as a lens for capacity and resource planning

Talent Management

• Obsess on hiring the best, raising the talent bar with every promotion, and developing exceptional talent for team LPL
• Builds own capacity and that of their organization to lean in and learn from differences as a source of strength

Pay Range :

280,000-420,000 / yearActual 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!

Why LPL?

At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services.

We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.

We are one team on one mission. We take care of our advisors, so they can take care of their clients.

Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees.

We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.

Want to hear from our employees on what it’s like to work at LPL? Watch this!

We take social responsibility seriously. Learn more here

Want to see info on our benefits? 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 @lp lfinancial.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.