Managing Director, Legal_Wealth & Advice Solutions

Company: Charles Schwab
Location: Washington
Posted on: May 3, 2025

Job Description:

Your opportunityThe Wealth and Advice Solutions enterprise defines and executes Schwab's holistic wealth management strategy, delivering personalized advice and investing solutions to Schwab Retail and RIA clients. As investor demand for advice continues to grow, integrating wealth and advice strategy, products, expertise, and capabilities allows Schwab to deliver a more comprehensive set of solutions, enhance the overall client experience, and attract and retain affluent investors-an important and competitive industry segment.The Wealth and Advice Solutions organization includes Schwab's Third-Party Platforms, Schwab Wealth Advisory, Digital Advice and Planning, Sales and Client Engagement, Schwab Advisor Network, and Offer Management and Pricing.In this newly created role, we are recruiting a senior legal leader to support the Wealth & Advice Solutions enterprise, managing over $150 billion in assets. This enterprise has experienced tremendous growth and will continue to expand its offerings, including discretionary services, personalized indexing, and digital products. The Managing Director and team will play a highly visible leadership role, building the legal foundation and internal alignment for future growth. As an advocate, the MD will promote Schwab's vision and values through a legal lens and share Schwab's impact story as a corporate citizen.Key Outcomes:

• Lead all legal advice efforts for Wealth and Advice Solutions initiatives, focusing on separately managed accounts, model portfolios, and investment advisory offerings.
• Support growth of products and initiatives, including potential acquisitions and integration into existing frameworks.
• Develop and drive comprehensive legal strategies balancing risk and business objectives.
• Provide advice on operational matters, including trading and custody related to wealth advisory business.
• Mentor and develop a team of lawyers, setting goals and managing workload effectively.
• Collaborate with other legal teams and keep internal partners informed of industry and regulatory updates.
• Support digital advisory offerings, personalized indexing, high-net-worth client products, and advise senior management on strategies, risks, and regulatory developments.
• Partner with Compliance to ensure regulatory requirements are met.
• Engage with senior management, participate in governance, and liaise with outside counsel and regulators as needed.What you haveRequired Experience:

• 15+ years of legal experience in asset and wealth management, including leadership roles. Deep understanding of the Investment Advisers Act of 1940, the Investment Company Act of 1940, and related regulations.
• Proven track record in developing and implementing retail digital and wealth advisory products, preferably within large financial institutions.
• Law degree (JD, LLB, or equivalent) from an accredited US law school, with active bar admission.
• Strong relationship-building skills, collaborative mindset, and ability to navigate organizational silos.
• Exceptional communication skills, capable of explaining legal concepts to non-legal audiences and driving alignment.
• Experience managing multiple projects, advising on new product launches, and negotiating complex deals.Preferred Experience:
  • Strategic and analytical decision-making skills, supporting risk management and client experience.
  • Client relationship management and negotiation skills.
  • Creative problem-solving and systemic thinking abilities.
  • Confidence in business decisions and strong executive presence.
  • Experience in talent development, team leadership, and providing constructive feedback.
  • Calm under pressure, with a proactive, growth-oriented attitude.
  • Fosters collaboration and knowledge sharing in agile, team-focused environments.What's in it for youAt Schwab, we're committed to empowering your personal and professional growth. Our supportive culture and development focus provide tools to make a positive impact in finance. Our approach balances flexibility, client service, and the value of in-person collaboration.We offer a competitive including:
    • 401(k) with company match and Employee stock purchase plan
    • Paid time off for vacation, volunteering, and a 28-day sabbatical after 5 years
    • Paid parental leave and family benefits
    • Tuition reimbursement
    • Health, dental, and vision insurance
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Keywords: Charles Schwab, Frederick , Managing Director, Legal_Wealth & Advice Solutions, Executive , Washington, Maryland