AVP, Sr. Counsel - Investment Advisory

Date: Mar 11, 2019

Location: Philadelphia, PA, US

Company: Lincoln Financial

Alternate Locations: Philadelphia, PA (Pennsylvania)

Relocation assistance is not available for this opportunity.

Requisition #57606

About the Company

Lincoln Financial Group, a Fortune 250 company with over 10,000 employees, provides advice and solutions that help empower Americans to take charge of their financial lives with confidence. Our core business areas — Life Insurance, Annuities, Retirement Plan Services and Group Protection — focus on supporting, preserving and enhancing over 17 million customer’s lifestyles and retirement outcomes.

Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $253 billion in assets under management as of December 31, 2017.

Ranked one of the Best Large Employers in America by Forbes magazine, Lincoln Financial Group makes a serious investment in our employees’ futures through a broad range of wealth accumulation and protection plans, health and wellness programs, and career development resources designed to help each individual reach their personal and professional goals.


The Role

Lincoln Financial Network (LFN) is the retail financial distribution channel for Lincoln Financial Group.  It is comprised of two dually-registered broker-dealers and investment advisers and two insurance agency channels.  The AVP, Senior Counsel will be responsible for developing and assisting with the overall legal, regulatory and compliance aspects of LFN’s retail wealth management services offered with a focus on LFN’s investment advisory platform and services.  S/he will work closely with LFN’s senior management and compliance personnel in LFN’s advisory services, legal, finance, operations and marketing groups.  The individual must possess a comprehensive understanding of investment advisory programs and solutions (managed accounts, financial planning, third-party managed programs, solicitor models, etc.) and their related SEC regulatory requirements, filings and disclosures (Form ADV).


  • Manage the drafting, updating, filing, delivery and maintenance of firm’s Form ADV disclosure brochures.  Must have thorough understanding of investment advisory fiduciary responsibilities and appropriate disclosure of conflicts of interest.  Recommend new disclosures as appropriate and coordinate with business units to facilitate updates to Form ADV as required.
  • Identify risks and conflicts of interest related to the firm’s fee-based business model. Work independently with business partners to identify these risks and conflicts and work towards ensuring firm has policies, procedures and controls to mitigate or eliminate them. 
  • Provide direction and guidance and serve as subject matter expert to internal/external business associates and business lines on investment advisory regulatory issues, including fiduciary responsibility, strategic relationships, and permissible activities under firm policy. Review, develop and draft necessary contractual and disclosure documents related to these business lines.
  • Participate in regulatory examinations and prepare responses for inquiries relating to investment advisory processes and procedures.  Collaborate with appropriate stakeholders to develop and implement remediation plans for issues noted during examinations.
  • Provide compliance and legal support and guidance to the LFN Managed Account business, IA Compliance program and AVP, Advisory Compliance, including facilitating reviews of compliance policies and procedures, compliance testing, year-end reporting, assisting with investment advisory compliance policies, suitability and surveillance processes, and consulting with LFN Investment Advisory business partners
  • Assist with and support annual 206(4)-7 reviews of investment adviser’s policies, procedures, and controls as needed.
  • Develop communications regarding current issues in advisory compliance, and new or updated compliance policies or SEC regulations for Compliance Alerts to home office and field associates.
  • Manage complex legal projects, as requested by management


Education and Licensing

  • Bachelor’s Degree required
  • Juris Doctor degree (J.D.) required and licensed to practice law in Pennsylvania or any state with an ability to become licensed in Pennsylvania after hire.


  • 10+ years’ experience in investment advisory legal and compliance responsibilities that directly align with the specific responsibilities for this position (Required)
  • Prior experience working for mid to large size financial institution or law firm is preferred
  • Knowledge and familiarity with the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Securities Exchange Act of 1934, and SEC and FINRA regulations applicable to each 
  • ERISA knowledge is preferred
  • Excellent oral and written communication skills, including the ability to communicate detailed and complex information to others at all levels of the organization and the ability to effectively draft contractual documents and disclosures.
  • Ability to serve as a trusted advisor, strategic partner and collaborator with peers, business units, leaders, and outside business partners
  • Finds common ground and can gain collaboration among senior management, colleagues and peers to influence outcomes.
  • Demonstrated ability to develop policies and procedures reasonably designed to achieve compliance with Federal securities laws, including the Investment Advisers Act and the rules under that Act
  • Creative, flexible, responsive, solutions-driven approach to problem solving
  • Demonstrated ability to lead, oversee and complete projects with minimal direction
  • A demonstrated track record of consistently meeting and/or exceeding performance expectations
  • Possesses a bias for action and avoids workplace distractions
  • Drives performance targets and goals to completion #LI-CG1

This position may be subject to Lincoln’s Political Contribution Policy.  An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.

Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.

Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, veterans status, or genetic information.  Applicants are evaluated on the basis of job qualifications.  If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.


Nearest Major Market: Philadelphia

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