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About Truist
Industries
Fintech
Financial Services
Company Size
501-1,000
Company Stage
Series E
Total Funding
$449.5M
Headquarters
Culver City, California
Founded
2018
Overview
Truist offers a platform for Registered Investment Advisors (RIAs) to enhance their operations and client interactions. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs serve more clients at lower costs. Unlike competitors, Truist provides these services for free and monetizes through a vertically-integrated custodian service. The company's goal is to empower RIAs to grow their businesses and improve client experiences.
Simplify's Take
What believers are saying
- Altruist raised $169M in Series E funding, boosting growth potential.
- Partnerships with Orion and Kwanti enhance Altruist's platform capabilities.
- Demand for digital transformation in financial services aligns with Altruist's offerings.
What critics are saying
- Competition from Betterment and Wealthfront pressures Altruist to innovate.
- Rapid tech advancements may increase Altruist's operational costs.
- Expansion into San Francisco could raise recruitment and retention costs.
What makes Truist unique
- Altruist offers a simplified tech stack for efficient RIA management.
- The platform includes commission-free trading and automated rebalancing features.
- Altruist provides original content and fast onboarding for financial advisors.
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Funding
Total Funding
$449.5M
Above
Industry Average
Funded Over
5 Rounds
Insight PartnersIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Paid Holidays
Hybrid Work Options
401(k) Retirement Plan
401(k) Company Match
Company Equity
Growth & Insights and Company News
6 month growth
↑ 5%1 year growth
↑ 1%2 year growth
↑ 0%RIA custodian upstart Altruist this week announced the hiring of Silicon Valley insider Sumanth Sukumar as its chief technology officer.
To establish a hub for engineering innovation and strengthen its technology leadership, Altruist is expanding its presence with an office in San Francisco.
Vaughn joins Altruist from Bestow, where he served as Chief Compliance, Ethics, and Risk Officer, leading teams that mitigated regulatory risk for online insurance products.
RIA custodian Altruist has launched fully digital fixed-income trading for advisors.
Announcement: Arena Investor partners with Altruist.
Truist is Hiring for 885 Jobs on Simplify!
Find jobs on Simplify and start your career today
IT & Security
31 Open Roles
Software Engineering
27 Open Roles
DevOps & Infrastructure
14 Open Roles
Data & Analytics
9 Open Roles
Quantitative Finance
5 Open Roles
QA & Testing
3 Open Roles
AI & Machine Learning
2 Open Roles
Engineering Management
1 Open Roles
Finance & Banking
513 Open Roles
Real Estate
74 Open Roles
Sales & Account Management
52 Open Roles
Accounting
43 Open Roles
Business & Strategy
33 Open Roles
Product
13 Open Roles
Consulting
12 Open Roles
Operations & Logistics
8 Open Roles
Growth & Marketing
6 Open Roles
Training
1 Open Roles
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About Truist
Industries
Fintech
Financial Services
Company Size
501-1,000
Company Stage
Series E
Total Funding
$449.5M
Headquarters
Culver City, California
Founded
2018
Truist is Hiring for 885 Jobs on Simplify!
Find jobs on Simplify and start your career today
IT & Security
31 Open Roles
Software Engineering
27 Open Roles
DevOps & Infrastructure
14 Open Roles
Data & Analytics
9 Open Roles
Quantitative Finance
5 Open Roles
QA & Testing
3 Open Roles
AI & Machine Learning
2 Open Roles
Engineering Management
1 Open Roles
Finance & Banking
513 Open Roles
Real Estate
74 Open Roles
Sales & Account Management
52 Open Roles
Accounting
43 Open Roles
Business & Strategy
33 Open Roles
Product
13 Open Roles
Consulting
12 Open Roles
Operations & Logistics
8 Open Roles
Growth & Marketing
6 Open Roles
Training
1 Open Roles
People Also Viewed
Discover companies similar to Truist