Full-Time

Investment Analyst I

Posted on 9/10/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Entry, Junior

Raleigh, NC, USA

Category
Quantitative Research
Quantitative Trading
Quantitative Finance
Requirements
  • Bachelor’s degree in Business or a related field, or equivalent education and related training.
  • Series 65 license. Candidates will have 60 days from their Start Date to transfer, or 100 days from their Start Date to acquire all of the registrations and licenses required for this position.
  • Demonstrated understanding of the fundamentals of finance and investment theory.
  • Possesses presentation skills as well as oral and written communication skills.
  • 2+ years of investment management / trading or related experience.
  • Ability to work on complex projects with minimal supervision.
Responsibilities
  • Propose, construct, and monitor client-specific, advice-driven investment strategies and solutions for individuals and families.
  • Make proactive recommendations to Investment Managers and/or clients.
  • Responsible, along with Investment Managers, for daily trading activities in discretionary, non-discretionary, and trust-based portfolios and is responsible for adhering to and documenting compliance with Truist, SunTrust Advisory Services, and relevant regulatory policies and procedures.
  • Work with Investment Managers and compliance to monitor client portfolios relative to their investment policy statement and work with the team to identify and address variances.
  • Actively assist in the client onboarding experience and develop the Investment Policy Statement in accordance with the client’s unique situation.
  • Develop and advise on investment recommendations and help transition new clients into a collaborative and on-going portfolio management and client communication cycle.
  • Prepare regular investment reviews for existing clients, recommend, establish, monitor, and adjust, as necessary, investment strategies and solutions designed to achieve the client’s goals.
  • Attend meetings and participate in presentations to clients and interact with other Truist wealth teammates.
  • Actively engaged in risk management.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs manage their businesses more efficiently. Unlike competitors, Truist provides these services for free and monetizes through a vertically-integrated custodian service, aiming to reduce overhead costs for RIAs. The company's goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Growth & Insights
Headcount

6 month growth

24%

1 year growth

43%

2 year growth

77%
Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting growth potential.
  • Partnerships with Orion and Kwanti enhance platform capabilities and market reach.
  • Increased demand for digital financial services aligns with Altruist's offerings.

What critics are saying

  • Competition from Betterment and Wealthfront could erode Altruist's market share.
  • Rapid tech advancements may strain Altruist's resources if not managed well.
  • Integration with third-party providers may lead to data security vulnerabilities.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free fractional share trading and automated rebalancing.
  • Altruist provides original content, offering actionable insights for independent financial advisors.

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