Compliance Specialist

Job description

Company Overview:

XY Planning Network (XYPN) is the leading organization for fee-for-service financial advisors who want to serve Gen X and Gen Y clients, providing comprehensive financial planning services for a monthly subscription fee without product sales or asset minimums. The Network offers a virtual community for new and established financial advisors who want to serve a younger clientele and provides its members compliance support services, marketing support, business tools and templates, and a wide range of technology solutions.

XYPN was nationally recognized as one of The 346 Best Places to Work in 2019 by Inc. magazine. In addition, we have earned accolades in 2018, 2019, and 2020 as one of the Fastest-Growing Private Companies in Montana and in the US by Inc. magazine. This is an opportunity to join a rapidly growing company that is reshaping the financial services industry for the better.

About the Position:

As a superstar on XYPN's Compliance Team, you'll get to support our members as they embark on their new business journey by helping them establish their Registered Investment Advisor firm. Applying for registration is intimidating to many advisors, and you're here to ease the stress and help members navigate this critical point in launching their business seamlessly. XYPN's Compliance Solutions are one of the network's core business lines, whether initial registration, hourly compliance consulting, or our ongoing coaching program - we're here to help members navigate and understand the regulatory requirements that govern their business.

You will work alongside a fantastic team of compliance professionals committed to simplifying and demystifying RIA Compliance for our network of fee-for-Service investment advisors and financial planners.

What You’ll Be Doing:

  • When it comes to investment advisor registration, you'll run the show, for a group of members, all the way from document drafting to approval:
    • Gather all material information regarding their anticipated business model.

    • Accurately draft and file all necessary documents related to the firm's registration and how they will operate their business.

    • Ensure that the regulatory requirements and expectations of the applicable jurisdiction(s) are considered in the advisor's business model.

    • Communicate with State and SEC regulatory staff on behalf of members during the jurisdiction's registration review process.

    • Make timely and accurate revisions to all appropriate documents and filings in response to regulatory comments and requested updates.

  • Your top-tier communication skills empower you to communicate effectively about many moving parts with members, teammates, and regulators.

  • Maintain accurate records for each member as they move through the registration process, leveraging our CRM and Project Management Software.

  • Participate in the timely and accurate execution of annual ADV amendments.

  • Collaborate with and support the compliance team in the continuous enhancement of our offerings.

  • Assist on various projects and tasks across the compliance team and organization as requested.

  • Research and respond to a variety of compliance questions via member calls, emails, and online platforms.

The Deets:

Start Date: Immediately

Status: Full-time (40-45 hours/week)

Location: Bozeman, MT or Minneapolis, MN

Direct Reports: No  

Department: Compliance

Reports to: Manager of IA Registrations

Compensation & Benefits:

  • Salary: $53,164
  • Equity Program : All team members at XYPN are owners! We annually contribute an equivalent of 8% of your compensation into our ESOP as part your benefit
  • Unlimited vacation days to maintain work-life harmony (we require that you take a minimum of 3 weeks of vacation per year)
  • 8 paid holidays when the office is closed
  • 401(k) with match; you put in 6% and we put in 4.5%
  • 12 weeks of paid maternity/paternity leave for the birth or adoption of a child
  • Health insurance w/employer contribution
  • Dental, Vision, Voluntary Life and AD&D, and Accident insurance options
  • Employer paid Life and AD&D insurance
  • Employer paid Long Term Disability coverage
  • $600/year to cover the cost of working with a financial planner, plus up to $500 toward the upfront fee
  • $250/quarter to spend on yourself specific to our core value of “Be Well Being You”
  • $500 donated to a non-profit organization of your choice when you volunteer 40 hours within the calendar year
  • $2,000/year available in Professional Development Funds
  • A sabbatical program that includes a cash bonus and extra time off at 5, 10, and 15 years
  • Subsidized employer-sponsored childcare through our internal child care program
  • $5,000 relocation package available to those moving to Bozeman, MT
  • Company-owned laptop computer provided
  • Please see our Policies and Procedures Manual to learn more about our company and benefit offerings


What You’ll Bring to the Table

  • Legally authorized to live and work in the United States

  • 2+ years of prior experience in investment advisor regulation, either working within an investment advisor firm, a state or federal securities division, or a compliance consulting firm. Familiarity with essential investment advisor regulatory documents and filings such as Form ADV, Form U4, IARD, and Web CRD.

  • The ability and desire to work both independently as well as collaboratively with teams

  • You've got a solid ability to manage multiple projects and tasks while staying on track with deadlines and establishing priorities effectively.

  • You're an excellent oral and written communicator.

  • You've unparalleled interpersonal and relationship management skills.

  • You're proficient with leveraging multiple cloud-based technology applications and quickly adapting to new programs and solutions.

What Would Make Us Drool

  • Investment Adviser Certified Compliance Professional (IACCP) designation.

  • You've got prior experience working with multiple jurisdictions surrounding investment advisor regulations and requirements as part of an investment advisor firm, compliance consulting company, or within a State Securities Division.


  • Cover Letter
  • Resume
  • Applications will be reviewed as they are received

XY Planning Network believes that our team members, and the individual identities and experiences of our team members, are our key differentiators. We won't settle for mere acceptance of each other's differences because we maintain that our team is better because of our differences, not in spite of them. As such, our culture celebrates, champions, supports, protects, and thrives on our various and collective identity categories. XYPN is beyond proud to be an equal opportunity employer.