Legal Counsel Retail Advisory Services

Location: Owings Mills, Maryland, United States; hybrid work with up to one day per week from home.

Base salary: $145,000–$247,000 for Maryland, Colorado, Washington, and remote workers; $159,000–$272,000 for Washington, D.C.; $181,000–$309,000 for New York and California.

Company

Global asset management organization providing equity, fixed income, multi-asset, and wealth management investment solutions to individuals, advisors, institutions, and retirement plan sponsors.

What you will do

• Provide legal advice on managed accounts, financial planning, digital and advisor-delivered investment advice, broker-dealer recommendations, and related retail client experiences.
• Support workplace and retail retirement accounts, IRAs, rollovers, participant education, and retirement income solutions.
• Interpret securities laws, the Investment Advisers Act, Regulation Best Interest, FINRA rules, ERISA, the Internal Revenue Code, and related regulatory guidance.
• Draft and review client agreements, program documents, disclosures, regulatory filings, marketing communications, and governance materials.
• Advise on product design, distribution practices, conflicts of interest, fees, compensation, recommendations, and supervisory matters.
• Collaborate with Compliance, Risk, Audit, Operations, Privacy, Product, Technology, business leaders, regulators, and outside counsel on complex matters.

Requirements

• Juris Doctor degree from an ABA-accredited law school.
• Active membership in good standing in the Maryland State Bar or another U.S. state bar is required.
• 6+ years of relevant legal experience advising regulated financial services firms on retail investment advisory, broker-dealer, or retirement products and services.
• Demonstrated experience with the Investment Advisers Act, Regulation Best Interest, federal securities laws, FINRA rules, ERISA, the Internal Revenue Code, and related regulatory guidance.
• Experience advising on managed accounts, digital or advisor-delivered advice, financial planning, workplace and retail retirement accounts, IRAs, and rollovers.
• Strong analytical, drafting, negotiation, communication, prioritization, and stakeholder partnership skills.

Nice to have

• In-house legal experience at an asset manager, wealth manager, registered investment adviser, broker-dealer, retirement services provider, or regulated financial institution.
• Experience with Form ADV, Form CRS, advisory and brokerage agreements, disclosures, conflicts of interest, retail communications, and governance.
• Experience with ERISA fiduciary and prohibited transaction matters, workplace retirement programs, rollover recommendations, IRA matters, and Department of Labor guidance.
• Experience supporting digital advice, financial planning tools, managed account programs, or technology-enabled wealth management solutions.

Culture & Benefits

• Hybrid work schedule with up to one day per week from home.
• Annual bonus eligibility and competitive compensation.
• Retirement plan, health and wellness benefits, and online therapy.
• Paid time off for vacation, illness, medical appointments, and volunteering.
• Family care resources, including fertility and adoption benefits.
• Inclusive workplace with collaboration, equal opportunity, and support for professional growth.