Manager, Client Compensation

Job Overview

The Manager - Client Compensation leads a team of 10 to 12 people who support advisors and their staff through phone calls, emails, and processing of files from sponsors or carriers. The manager drives strategic, tactical department programs, and is responsible for developing and motivating the team to provide advisors with timely, correct, and relevant information so that they in turn can help their clients achieve their own financial dreams. Additionally, the manager proactively consults with business partners (including Business Consulting, Product Managers, Compliance, Accounting, Finance, Audit and Risk, and others) and their staff on a regular basis to address issues, ensure alignment, and capture the overall Client Compensation Operations experience.

Responsibilities

• Team Leadership and Development: Constructing and maintaining goals pertinent to the development of each individual’s career path. Prioritizing one-on-one meetings and providing thorough, real-time coaching sessions with staff.

• Mentoring and coaching team members to align them with leadership's vision while developing their skills and careers.

• Overseeing comprehensive training and coaching plans to continuously improve knowledge shares across different team members, teams, and departments.

• Process Improvements: Assisting in modifying or creating advisor-facing performance metrics. Sharing trends and pain points while with leadership and business partners in order to find solutions and pursue process improvements within the scope of the team and across departments.

• Providing strategic insight and direction for evolving the commission payout of advisors. Owning and supervising firm-wide, multi-department projects to build or enhance experience workflows related to the team and department.

• Inspiring and leading initiatives that enhance the Advisor experience and positively impact the broader LPL organization.

• Department Support: Actively participating, supporting, and driving departmental and firm-wide projects. Working closely in a POD structure with internal and external business partners to elevate and deliver greater value to advisors. Assisting with operations recovery efforts through coordination of resources in order to resolve issues with aged requests, escalated issues, and other complex activities that degrade the advisor experience. Liaising with internal partners to ensure promotion of Client Compensation projects and initiatives. Proactively reviewing audit controls to ensure the team mitigates risk, removes redundant requirements, and increases transparency with internal and external audit partners.

Requirements

• 5+ years of experience leading and developing others
• SIE and Series 99/Series 7 license (Ability to get required licensing in first 90 days of employment if you do not have it currently)

Core Competencies

• Leadership and motivational skills
• Understanding of the advisor role
• Ability to work with people in different areas and at all levels
• Organizational and critical thinking skills

Pay Range

$76,735.00 - $127,823.00

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.

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.

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.