Assistant Vice President, Portfolio Management - Tax Overlay

What if you could build a career where ambition meets innovation? At LPL Financial, we empower professionals to shape their success while helping clients pursue their financial goals with confidence. What if you could have access to cutting‑edge resources, a collaborative environment, and the freedom to make an impact? If you're ready to take the next step, discover what’s possible with LPL Financial.

Job Overview

Lead the evolution of trading and portfolio implementation for LPL’s Tax Overlay program with a focus on designing and scaling tax‑optimized portfolio trading capabilities, advanced direct‑indexing capabilities, and delivering advisor‑friendly solutions as an Assistant Vice President – Tax Overlay, a key team leader within LPL’s Overlay Portfolio Management Group (OPMG). The OPMG team is part of LPL’s Wealth Management organization, and oversees all centrally traded Advisory Programs for LPL, with over 1 million accounts and ~$250B in AUM. This role requires expertise in tax‑optimized investment philosophies and the ability to translate them into scalable, practical applications. The ideal candidate will be an innovator adept in designing and managing effective trading workflows for our most sophisticated investment portfolios, which are complex Unified Managed Accounts with a tax overlay component designed to deliver better after‑tax outcomes for investors.

Success in this role requires a balance of strategic planning, stakeholder engagement, and disciplined execution, partnering across business units to meet enterprise priorities. You’ll collaborate with internal and external stakeholders to drive alignment, manage risks, and uphold the integrity and scalability of program objectives. This position demands a unique blend of executional rigor, strategic thinking, and deep platform knowledge. Success will be measured by the seamless implementation of tax overlay services, stakeholder satisfaction, and new process implementation and scalability.

Responsibilities

• Strategic Platform Leadership : Lead rollout and scaling of tax‑optimized direct indexing and overlay frameworks, aligning with LPL’s enterprise growth targets.
• Innovation in Trading Technology : Design and implement automated tools and proprietary trading platforms to enhance scalability and performance of overlay and direct indexing strategies.
• Design and Execution at Scale : Develop and implement sophisticated tax‑optimized multi asset UMA and direct indexing overlay trading capabilities that integrate multi‑factor risk models with client‑specific customizations, delivering scalable, tax‑efficient, and highly personalized portfolio solutions.
• Tax Overlay Execution : Oversee and manage daily tax efficient portfolio management workflows — account and sleeve‑level optimization, trade review and trade execution, and tax sensitive account transition processes leveraging industry leading cloud‑based infrastructure, database tools, and machine learning.
• Performance Monitoring & Analytics : Drive daily oversight using performance metrics suitable for complex, tax sensitive investment portfolios such as short‑term / long‑term net realized gains, tracking error at the account and sleeve level, and portfolio statistics to support advisor‑facing teams that will mitigate escalations.
• Advisor & Stakeholder Engagement : Build high‑impact advisor materials, facilitate training sessions, and present the value of tax overlay solutions to internal and external stakeholders.

Requirements

Core Competencies

Preferred Qualifications

Pay Range

$115,988-$193,313 / 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) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor‑mediated marketplace. LPL supports over 29,000 financial advisors and the wealth‑management practices of 1,100 financial institution, servicing and custodying approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 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.

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.

For further information about LPL, please visit www.lpl.com.

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?

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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