Vice President, Institution Business Strategy

Are you a team player? Are you curious to learn? Are you interested in working in meaningful projects? Do you want to work with cutting-edge technology? Are you interested in being part of a team that is working to transform and do things differently? If so, LPL Financial is the place for you!

Job Overview:

Business Strategy and Innovation

This role will join the Business Strategy and Innovation (BSI) team where we unite strategy, experience, and innovation to enhance the overall client experience for advisors, large enterprises and institutions. BSI plays a critical role in everything from setting and executing on our firm’s strategic direction to developing and delivering powerful business services that help our clients succeed. With the goal of enhancing our client’s day to day experience in everything we do, we seek to proactively identify and address our clients' most significant challenges. Together, the BSI team works to establish LPL as the model of choice in Wealth Management.

Institution Business Line Strategy

The institution Business Line Strategy team is a horizontal leadership team that defines LPL's immediate and long-term approach to competing for and serving as an outsourced wealth provider for a range on institution profiles: smaller community and regional banks and credit unions, larger national banks, insurance companies, asset managers.

As LPL continues to increase penetration in our serviceable market for institutions, it becomes important to create an "institution centric" channel that differs from LPL's independent advisor business. Reporting the SVP, Head of Institution Outsourced Wealth Strategy, this role is highly visible and helps coordinate how LPL define and evolve our offerings within the institution channel. You will work directly with senior leaders within the broader BSI function, key constitutes in Client Success and Business Development, corporate finance, and shared support partners across the firm.

Responsibilities:

• Help shape the strategic direction of the institution business line in partnership with the head of institution business line strategy and members on the leadership team

• Help define segment (and sub-segment) level P&L creation and accountability within the institution channel

• Lead executive reporting to run the business, building out scalable templates and processes to translate business data into clear articulations of performance, growth and profitability that helps leaders better understand the business from top-line down to individual segments

• Spearhead data-driven research and summarization for business line leadership to support everything from new opportunity identification to sizing to growth estimation to profitability analysis

• Support socialization of institution business initiatives and results to Firm Management by implementing rigorous processes around the creation of materials for senior executive audiences that summarize goals, progress and insights

Requirements

• Bachelor's Degree

• 7+ years of experience in financial services or management consulting

Preferences:

• Commercially-oriented strategic thinker – Passion for understanding how and why business ventures work (or don’t) with the ability to identify data to model and test hypotheses

• Process-driven – Takes a structured approach to problem solving, starting with hypotheses and identifying key milestones, partners and data needed to thoroughly and thoughtfully solve problems

• Storyteller with expert PowerPoint presentation abilities – Natural ability to build professional and concise presentations with a focus on telling clear, succinct and compelling stories to drive alignment with senior audiences

• Independent operator — Ability to take executive-level questions or assignments and proactively develop a perspective to answer the question or progress the work in a timely manner

• Highly organized – Uses tools and systems to manage multiple projects with varying deadlines such that progress can always be articulated relative to completion and delays can be proactively identified and communicated

• Finance Services industry experience – Experience in the Financial Services industry working for a bank, large asset manager, or consulting firm; specific experience in Wealth Management

#LI-PA

Pay Range:

$138,800-$231,400/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) 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.

EAC1.22.25