Counsel – Investment Advisers Act

Ameriprise Financial
New York City

Ameriprise Financial Services, Inc. is offering an exciting opportunity for an experienced licensed attorney to become an integral part of the GCO Advice and Wealth Management Practice Group, a key support component of the company’s Advice and Wealth Management segment. This high visibility legal position will provide advice on cutting edge, innovative products and service offerings that represent the core value proposition of our business.

Responsibilities include:

The attorney in this position will play a key role in providing legal support, benchmarking and thought leadership to businesses developing and maintaining our managed accounts, which include retail discretionary and non-discretionary offerings. These accounts collectively manage approximately $150 billion in invested assets, making Ameriprise Financial the largest independent broker-dealer (IBD) in the managed account space. This attorney will also support and continue to develop our industry leading financial planning business, which is our differentiating value proposition. The attorney in this position will provide advice on key regulatory matters, will seek to influence the development of regulatory policy and will be a crucial advocate and participant in industry committees.

  • Providing legal advice on managed account alternatives, including discretionary and non-discretionary fee-based offerings, SPS Advantage, Active Portfolios and Separately Managed Accounts
  • Advising senior business leaders on legal, regulatory and business acquisition issues relating to Ameriprise's core value proposition of providing comprehensive financial planning to clients
  • Cultivating and promoting relationships with key business partners and fostering and promoting a culture of compliance
  • Conducting research regarding legal and regulatory requirements as well as benchmarking industry practices;
  • Collaborating with Compliance personnel on relevant compliance related matters and identifying, developing and implementing control enhancements and risk mitigation strategies
  • Interacting with federal, state or SRO regulatory personnel to respond to regulatory requests examinations or inquiries or to participate in committee work
  • Providing support and direction to direct and indirect reports  Working with regulators, outside counsel and independent experts from time to time on examinations and other issues.

Required Qualifications:

  • JD with extensive experience and expertise in the Investment Adviser's Act of 1940, state securities and investment management statutes and regulations, and applicable self-regulatory organization rules;
  • 7 to 10 years of experience as a practicing attorney supporting the financial services industry
  • Ability to influence, gain credibility and develop strong working relationships with business partners and external constituencies;
  • Knowledge of applicable regulatory and industry trends;
  • Excellent interpersonal, problem-solving, communication, presentation and contract drafting and negotiation skills;
  • Proven leadership and change management skills;
  • Admitted to practice law in the state of Minnesota or eligible for admission as house counsel 

Preferred Qualifications:

  • Participation/experience on industry committees (such as SIFMA, NASAA, FINRA or others

If interested in applying for this position, please visit and reference job ID 1741BR.
If interested in learning more about this opportunity, please contact the recruiting manager, Megan Layton at