VP, Government Relations

About LPL Financial

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, not the other way around. Today, LPL is a leader in the markets it serves, 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 advisors have the freedom to choose the business model, services, and technology resources that allow them to run their ideal practice. They also 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.

Job Overview

LPL Financial is hiring a VP, Government Relations based in Washington, DC. This individual will report directly to the Executive Vice President, Chief Advocacy Officer, and will work closely with senior executives and legal counsel on broad legislative and regulatory assignments.

The Government Relations team, based in Washington, DC, develops and manages the company’s public policy, legislative, regulatory, and grassroots efforts. It coordinates with internal stakeholders to assess governmental risks and opportunities and determine the company’s position on key policy issues. The team includes members covering federal, state, and local advocacy, public policy, and grassroots advocacy.

As Director of Government Relations, the successful candidate will develop and execute comprehensive strategies for achieving LPL Financial’s public policy objectives, ensuring alignment with company priorities. This person will be responsible for building and reinforcing trusted relationships with Congress, the Administration, and key stakeholders to support and enhance the company’s public profile. This includes building and maintaining a network of validators through relationships with industry and third-party organizations that shape and influence public policy. This person will also align engagements and deliverables with the strategic and tactical goals of the government relations team and the company.

Responsibilities

• Strategic Planning and Implementation: Work with the Chief Advocacy Officer to develop strategic plans supporting the company’s long- and short-term goals. Implement, monitor, and adapt the plan as needed, including setting clear goals and other metrics.
• Policy, Legislative, and Regulatory Analysis: Stay current with trends to anticipate opportunities and risks. Evaluate pending legislation, policy, and regulations; determine impact on the company and industry; help develop the organization’s response.
• Brief Executives and Clients: Provide guidance and updates on legislative matters.
• Relationship Building: Foster positive relationships with government officials, staff, opinion leaders, third parties, and other stakeholders.
• Public Policy Influence: Monitor government initiatives and advocate for specific policies that advance company and client objectives.
• Representation: Represent the company at government forums and industry group meetings.
• PAC Representation: Represent the employees’ political action committee (PAC) at campaign fundraising events.
• Policy Briefings and Content Creation: Prepare policy briefings, testimony for legislative actions, and thought leadership documents. Draft hearing summaries and other content for LPL stakeholders.
• State Government Relations Coordination: Ensure alignment with the State Government Relations strategy.
• Networking: Build relationships with industry associations, academics, community leaders, and other stakeholders to stay current and advance company interests.
• Event Development: Plan in-district events and visits to headquarters by elected officials.
• Leadership Communication: Communicate directly with company leadership and clients.
• Data Measurement: Measure and analyze quantifiable data for future public policy planning.
• LPL Financial 50 State Network Support: Assist as needed.
• Advisor Fly-Ins Coordination: Manage logistics for LPL financial advisor fly-ins.
• Consultant Liaison: Coordinate with external consultants.

Requirements

• Experience: 6+ years in public policy, financial services, or politics preferred.
• Education: Bachelor’s degree required.

Core Competencies

• Influencing Skills: Proven ability to manage politically sensitive policy issues.
• Planning and Organization: Ability to prioritize and manage multiple tasks, resolve conflicts, and solve problems independently.
• Industry Knowledge: Familiarity with tax, financial services, and wealth management issues.
• Decision-Making and Problem-Solving: Demonstrated abilities in decision-making, analysis, and problem-solving.
• Deadline Management: Track record of establishing priorities and meeting deadlines.
• Adaptability: Willingness to take on new tasks and work in a fast-paced environment.
• Attention to Detail: Detail-oriented with effective written, presentation, and persuasion skills.
• Interpersonal Skills: Strong ability to interact with senior management.
• Travel: Willing to travel as needed.

Preferences

• Education: Advanced degree.

Pay Range

$147,700.00 – $246,100.00

Actual base salary depends on factors including relevant skills, prior experience, education, internal peer salary comparisons, demonstrated performance, and geographic location. LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play, with benefits such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more.

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 a work environment that encourages creativity and growth, a supportive and responsive leadership team, and the opportunity to build a career with unlimited potential.

We are one team on one mission, dedicated to supporting workplace equality and embracing diverse perspectives and backgrounds. We also care for our communities and encourage our employees to do the same, creating an environment where you can do your best work.

Benefits Information

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 for this position. Principals only. EOE.

Information on Interviews

LPL will only communicate with job applicants 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 or banking information. For questions about the application process, please contact LPL’s Human Resources Solutions Center at (855) 575-6947.