VP, Business Consultant

Job Overview

This role requires office presence periodically in Troy & Southfield, MI. America Group and LPL Financial are seeking a Business Consultant to serve as an ally and partner in improving financial advisors' practices.

Responsibilities

• Organize and execute assigned business projects on behalf of clients (recruiting, business structure, products, payroll, promotional campaigns, etc.) according to client's requirements and recommendations
• Meet with assigned clients, per our service model, when needed and perform an initial assessment of a problematic situation
• Collect information about the client’s business through a variety of methods (shadowing, interviews, surveys, etc.)
• Analyze and interpret data to identify areas of improvement
• Formulate recommendations and solutions and present to clients
• Partner with the clients to implementing plans and resolve any issues

Relationship Management

• Work directly with Financial Advisors and their teams in a consulting and coaching capacity
• Centrally point of contact for advisor questions, issues, and/or advice
• Help advisors navigate products and services available
• Keep advisors informed of any LPL, America Group, and regulatory changes
• Collaborate with internal teams and external partners

Practice Management/Business Planning

• Work with advisors and their teams to analyze current business practices, recommend business models, tools, products and/or services
• Create and implement the firm’s productivity initiatives
• Facilitate completion and implementation of advisor business plans
• Implement Client Segmentation, value proposition/mission statement, and client service model
• Provide succession planning advice and guidance
• Discuss team structures and define roles
• Deliver business valuations
• Share advisor best practices

Regional Meetings / Study Groups

• Organize and facilitate periodic advisor study groups, focus groups and regional meetings
• Incorporate sponsors and industry experts
• Increase advisor capabilities and promote best practices

Requirements

• Bachelor's Degree or higher in Business, Finance, Economics, Administration, or equivalent related experience and/or training
• 5+ years of experience in the financial services industry and consulting
• Familiarity with a wide selection of business management software (e.g., Salesforce, Redtail, E-Money)
• Series 7, 63, 65, and/or 66 licenses
• Willingness to travel locally with occasional national travel

Core Competencies

• An analytical mind with excellent data collection and organization skills
• Excellent time management and organizational skills
• Outstanding communication and interpersonal skills

Preferences

• Relevant industry experience working with independent financial advisors
• Strong knowledge of investments, financial operations, insurance, and business practices, with a solid understanding of the broker/dealer landscape

Pay Range

$124,115.00 - $206,824.00

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.