EVP - Banking, Lending & Trading

The Executive Vice President, Banking, Lending & Trading is a leadership role within our Wealth Management organization, reporting directly to the Head of Wealth Management. This role leads two critical parts of our business: 1) Banking and Lending Solutions 2) Trading. The Banking and Lending Solutions team is focused on developing credit, cash, and banking products and capabilities for LPL financial advisors and their clients; The Trading team focuses on all trading platforms, capabilities, services, and operations related to broad range of investment products including Equities, Mutual Funds, Options, Annuities, Alternatives and others.

As a leader over LPL's Banking & Lending organization you will lead the strategy, design, development, execution and delivery of a state-of-the-art banking product and platform solution set for financial advisors and their clients that enable LPL advisors to expand the breadth and depth of their advice, as well as enable LPL to grow its positioning as a destination of choice amongst advisors with a comprehensive advice value proposition. The near-term roadmap will include focus on critical strategic projects such as: CMA, Credit Card, and secured credit lending.

As a leader over LPL's Trading organization you will be responsible for delivering a key component of the wealth management experience. In 2024, the Trading organization was responsible for delivering over 108 million total trades, while handling over 720k client calls with a growing Net Promoter Score. This role requires a visionary leader who can drive innovation, optimize efficiencies and trading strategies and ensure the seamless integration of cutting-edge technologies.

Key Responsibilities:

• Oversee the design and delivery of our banking, lending and trading solutions at LPL, including the desired offering suite, delivery model, and long-term growth plan
  • Banking & Lending: key near-term solutions include cash management account, credit cards, and secured credit
  • Trading: key near-term solutions include digital rebalancing tools
• Lead cross-functional teams to evolve our platform, offerings, service, and operational experience
• Bring new solutions to market with a perspective of the overall marketplace; expand adoption with a focus on pricing and advisor adoption
• Measure client feedback and implement continuous improvement on our services & offerings
• Manage and optimize partnerships with third parties to drive client and LPL outcomes
• Demonstrate ability to drive firm-wide outcomes, including enabling recruiting efforts, growth of existing advisor relationships, and expanding monetization opportunities
• Frame, simplify, and communicate complex topics across the organization, including upwards
• Demonstrate thought leadership in banking, lending & trading with clients, employees, and other stakeholders in the marketplace
• Lead and mentor sr. leadership team fostering a culture of excellence

Relevant Experience:

• Built a world-class, multi-faceted banking and lending platform and navigated through the full product lifecycle, from initial vision to end result
• Holds a deep understanding of the needs of both advisors and their clients; experience in serving high-net-worth clients is a "plus"
• Has successfully delivered in a non-bank environment and is comfortable managing partnerships to execute
• Implemented broad-sweeping process changes or developed and implemented brand new processes that were embraced by an organization.
• Strong gravitas, executive presence, interpersonal skills, with the ability to build trust and respect.

Lives Our Values:

• Pursue Greatness
  • Demonstrates ambition and a desire to shape and lead the industry
  • Talent magnet, knows how to develop teams
  • Sets clear expectations, and provides honest and transparent feedback
• Do The Right Thing
  • Does hard things, doesn't cut corners, follows through
  • Upholds our standards by applying decisions and actions consistently across the firm and clients
• Drive Our Clients' Success
  • Actively listens and tailors solutions to the client's goals and needs
  • Raises the clients' needs and impact in every discussion
  • Ensures teams know how their work and roles are connected to serving the end investor
• Win Together
  • Reaches out across teams, breaks down silos
  • Prioritizes beyond immediate team, shares resources in the best interest of LPL
  • Actively shares and/or moves talent across the business
• Create Joy
  • Celebrates successes
  • Recognizes individuals at all levels

Pay Range:
292,500-487,500/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.

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