Assistant Vice President, Portfolio Management - Tax Overlay jobs in United States
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LPL Financial · 17 hours ago

Assistant Vice President, Portfolio Management - Tax Overlay

positionSan Diego, CA
timeFull-time
remoteOnsite
seniorityMid, Senior Level
money$116K/yr - $193K/yr
date5+ years exp

LPL Financial is a leading independent broker-dealer that empowers professionals to shape their success while helping clients pursue their financial goals. The Assistant Vice President – Tax Overlay will lead the evolution of trading and portfolio implementation for LPL’s Tax Overlay program, focusing on designing tax-optimized portfolio trading capabilities and managing effective trading workflows.

FinanceFinancial Services
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H1B Sponsor Likelynote

Responsibilities

Lead rollout and scaling of tax-optimized direct indexing and overlay frameworks, aligning with LPL’s enterprise growth targets
Design and implement automated tools and proprietary trading platforms to enhance scalability and performance of overlay and direct indexing strategies
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
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
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
Build high-impact advisor materials, facilitate training sessions, and present the value of tax overlay solutions to internal and external stakeholders

Qualification

Tax-optimized investment strategiesUnified Managed AccountsPortfolio accounting systemsTrading operationsMulti-factor risk modelingAdvanced ExcelData analyticsQuadratic optimizationDirect indexingCFA designationMBAAdvanced degreeInterpersonal skillsPresentation skills

Required

Bachelor's Degree required
Series 7 and 66 (or 63/65 equivalent) or obtain within 90 days of hire
5+ years in investment-management program leadership, advisory platforms, or overlay-strategy implementations
Proven track record of driving enterprise initiatives with executive-level impact
Demonstrated ability to lead through ambiguity, manage competing priorities, and deliver against tight deadlines
Exceptional storytelling, presentation, and influencing skills; comfortable engaging C-suite and advisor audiences
Deep expertise in unified managed accounts, portfolio accounting systems, and trading operations
Extensive understanding of quadratic and mixed-integer optimization and multi-factor risk modeling, with hands-on experience using industry-leading platforms such as Axioma, Northfield, MSCI Barra & QIS, n-factor Risk Models, Vestmark VAST, Envestnet/PMC or other advanced tax overlay technologies for scalable, tax-aware portfolio construction
Strong analytical mindset; data science and deep data analytics background, advanced Excel (pivot tables, VBA/macros), and data-visualization proficiency
Working knowledge of Modern Portfolio Theory, multi-factor risk models, and tax-optimization algorithms
Strategic thought leader with strong analytical skills
Expert user of Microsoft Excel, Access, and PowerPoint, including pivot tables and SmartSheet
Excellent presentation skills, both in terms of creating clear messaging and professional presentation and delivery
Strong interpersonal and team-building skills
Accessible and approachable; a champion of winning together as a team

Preferred

Familiarity with LPL's Advisory Account framework and technology ecosystem
CFA designation or progress toward completion
MBA or advanced degree in Finance, Mathematics, or Engineering
Experience leading Tax Overlay or Direct Index Tax solutions focusing on scaling tax-aware rebalancing and overlay workflows
Experience integrating advanced trading technology and automation for scalable tax overlay execution
Experience with industry leading Tax Overlay or Direct Index portfolio managers and solution providers such as Envestnet, Parametric, Russell, Natixis, 55IP, MyVest, Vestmark, InvestCloud, or others

Benefits

401K matching
Health benefits
Employee stock options
Paid time off
Volunteer time off

Company

LPL Financial

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LPL Financial provides investment solutions and tools for independent financial advisors.
dateFounded in 1968
location
Boston, Massachusetts, USA
people-size5001-10000 employees
web-link
https://www.lpl.com

H1B Sponsorship

LPL Financial has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (106)
2024 (105)
2023 (122)
2022 (127)
2021 (65)
2020 (44)

Funding

Current Stage
Public Company
Total Funding
$2.5B
2025-03-31Post Ipo Equity· $1.5B
2024-06-03Post Ipo Debt· $1B
2010-11-18IPO

Leadership Team

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Rich Steinmeier
Chief Executive Officer
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Sid Vyas
Chief Technology Officer/EVP
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Recent News

GlobeNewswire
LPL Financial Welcomes Rand, Williams & Associates, LLC
2026-01-09
GlobeNewswire
Somesh Khanna Elected to LPL Financial Board of Directors
2026-01-09
GlobeNewswire
KraneShares U.S. Hedged Equity ETF (KSPY) Joins LPL Financial’s No-Transaction-Fee Platform
2026-01-09
Company data provided by crunchbase