Director, Advisor Practice Consulting

This job is with Morningstar, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.The Group: Morningstar Wealth is a core part of the broader Morningstar group, empowering investor success by delivering world-class investment products and technology solutions to advisors, individuals, and the businesses who serve them. As a global team, we build upon our renowned data, research, analytics and thought leadership to deliver intelligent, flexible, and scalable products into the hands of our clients. By bringing the best of Morningstar together, we remove friction, save time, and help clients achieve goals.Position Summary:The Director of Advisor Practice Management will lead the development and delivery of Morningstar's advisor consulting and practice management strategy. This individual contributor role is responsible for helping financial advisors build stronger, more productive businesses while increasing advisor satisfaction, engagement, and retention. Acting as a trusted consultant to advisors and a strategic partner to the distribution organization, the Director will create scalable programs, thought leadership, and coaching frameworks that address key advisor challenges including growth, client acquisition, segmentation, staffing, succession planning, business development, productivity, and practice management. This individual will also help advisors unlock additional value from Morningstar's broader capabilities, ensuring Morningstar is viewed as a strategic business partner rather than solely an investment management provider. Key Responsibilities: Advisor Consulting Serve as a trusted practice management consultant to top advisor relationships. Conduct consultations, workshops, and coaching sessions with advisors and enterprise partners. Help advisors improve business growth, productivity, client experience, and operational effectiveness. Deliver actionable recommendations supported by industry best practices and benchmarking. Intellectual Capital & Content Development Create practice management frameworks, tools, assessments, workshops, and advisor-facing resources. Develop thought leadership on advisor growth, business management, succession planning, staffing, and client acquisition. Maintain a forward-looking perspective on industry trends and advisor business challenges. Distribution Enablement Partner closely with sales leadership, relationship managers, and portfolio specialists. Equip field teams with practice management insights and tools that deepen advisor relationships. Support strategic advisor and home-office engagements. Advisor Engagement Lead webinars, workshops, conference presentations, and advisor events. Increase participation and engagement in practice management offerings. Help establish Morningstar as a leading thought partner to advisors. Cross-Functional Collaboration Partner across investment management, wealth, marketing, research, and product teams. Identify opportunities to connect advisor needs with relevant Morningstar capabilities. Support initiatives that deepen client relationships and strengthen retention. Requirements: Minimum 8 years of experience in wealth management, asset management, advisor consulting, or practice managementBachelor's degreeSignificant experience working directly with financial advisorsProven track record developing advisor-facing consulting programs and thought leadershipCFP and/or CIMA preferredCompensation and BenefitsAt Morningstar we believe people are at their best when they are at their healthiest. That's why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:Financial Health100% 401k match up to 6% of salaryStock Ownership PotentialCompany provided life insurance - 1x salary + commissionPhysical Health Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coveragesAdditional medical Wellness Incentives - up to $300-$600 annualCompany-provided long- and short-term disability insuranceEmotional Health Trust-Based Time Off6-week Paid Sabbatical Program6-Week Paid Family Caregiving LeaveCompetitive 8-24 Week Paid Parental LeaveAdoption AssistanceLeadership Coaching & Formal Mentorship OpportunitiesAnnual Flex Stipend - $1000 annually to cover personal education & well-being expenses Tuition ReimbursementSocial Health Charitable Matching Gifts programDollars for Doers volunteer programPaid volunteering days15+ Employee Resource & Affinity GroupsTotal Cash Compensation Range$174,350.00-267,333.33Inclusive of annual base salary and target incentiveMorningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.002_MstarAssocLLC Morningstar Investment Management LLC Legal Entity