Assistant General Counsel @ Truist

About Altruist

Altruist is the modern custodian built exclusively for independent financial advisors that combines a self-clearing brokerage firm with intuitive software for account opening, trading, reporting, and billing — all in one streamlined solution. Financial advisors across the U.S. have partnered with Altruist to reduce costs, save time, grow their business, and provide better outcomes for their clients. Our mission is to make financial advice better, more affordable, and accessible to everyone — butwe can’t do it alone. We’re seeking exceptional talent to join our team. That’s where you come in!

If you’re passionate about challenging the status quo and making a meaningful impact in the financial advice industry, we’d love to meet you!

But first, our values

Kindness - Kindness doesn’t just equal niceness. We listen to understand. We embrace, and encourage healthy debate and diverse perspectives. We approach conflict openly, honestly, and respectfully.

Brilliance - Humility is the skill we’re most proud of and possessing a growth mindset is always top of mind. We take ownership in everything we touch; regularly using our unique superpowers to reach a common goal as a team. We succeed and fail as one.

Grit - When challenges arise, we stay laser focused on achieving our mission and finding a way forward, even when it’s hard. We are nimble and maintain a sense of urgency, swiftly adapting to change and overcoming obstacles.

About the position

Altruist is entering an exciting phase, and we’re looking for an Assistant General Counsel to join our growing Legal Team. As the 2nd member of our in-house legal team, you will take ownership of commercial contracts, NDAs, broker-dealer agreements, and much more. This is a high-impact position that will be instrumental in Altruist’s continued rapid growth and will have opportunities for significant career growth as well.

What you’ll do

As our first commercial attorney, take ownership of all aspects of contracting for Altruist - draft, review and/or negotiate commercial contracts, vendor contracts, SaaS/enterprise software, facilities/real estate, professional services and supplier contracts.
Ensure Altruist’s commercial relationships comply with applicable law, Altruist’s data privacy and security policies, relevant privacy regulations and outsourced services guidelines.
Working closely with the contract manager, build out an enterprise-grade contract lifecycle management system and assist the procurement team in helping to implement tools, processes, training and playbooks to better manage vendor contracts and mitigate risk.
Quickly become a leader and expert in negotiating agreements specific to our industry, including NDAs, market data agreements, data access agreements, MSDAs, model marketplace license agreements, MSLAs, mutual fund selling agreements/mutual fund distributor agreements and others.
Help negotiate and manage all transactions for the company, including any funding rounds, M&A matters and partnership agreements.
Partner cross-functionally with teams including compliance, finance and product.
Identify and evaluate business and legal risks, and find creative ways to mitigate them while achieving business goals.
Effectively distill and explain complex issues in a meaningful and effective way to a variety of cross-functional stakeholders.
Thoughtfully prioritize workloads and competing priorities.

What you’ll bring

J.D. degree and membership in at least one U.S. state bar
8+ years of legal practice experience, ideally at a leading law firm followed by in-house practice at a fintech, financial services and/or technology company as a commercial counsel
Some knowledge of laws and regulations relevant to broker-dealers and investment advisors is required, expertise is desirable
An excellent drafter. Sound and practical business judgment and the ability to handle ambiguity and imperfect information.
A desire to build and set up structures and processes.

Bonus Points

Experience as an in-house counsel at a broker-dealer and/or an asset manager is highly preferred
Privacy experience is very helpful
High-growth company and startup experience is helpful

San Francisco, CA salary range

$198,000—$254,000 USD

What we bring

Attracting and retaining top-tier talent is a priority. We are proud of the culture we’ve built and are cognizant of the ever-changing professional landscape. Our dynamic offering of perks and benefits are tailored for you to feel your best while doing your best.

A hybrid work schedule to promote strong, in-person collaboration and a healthy work-life-balance.
Stunning, amenity-filled office spaces in Culver City, CA and Dallas, TX. Our offices are intentionally designed for comfort, collaboration, and productivity. Employees get to enjoy free parking and EV charging, cold-brew and kombucha on tap, a fully stocked pantry with snacks, etc.
Competitive salary and equity packages
Premium healthcare, dental, and vision insurance plans
401k savings plan with matching contributions and immediate vesting
Flexible PTO so you can satisfy your passions outside of work
Generous paid parental leave
Professional growth and development opportunities including an employee mobility program and an annual L&D budget allocation for each employee
Physical and emotional wellness programs that nurture both your mind and body
Company perks program (includes discounts on pet insurance, fitness, cell phone plans, entertainment and travel, etc.)
Financial guidance program (includes counseling on navigating debt, tracking personal spend, saving and planning goals, home-purchasing preparedness, etc.)

Total compensation includes a competitive benefits package along with equity in the form of Stock Options (ISOs). A salary offer will be determined by a number of factors including experience, skill level, internal pay equity, geographic location, and other relevant business considerations. We review all employee pay and compensation programs regularly to ensure fair, equitable, and competitive pay. At Altruist, we are committed to providing fair, equitable, and competitive compensation by leveraging market data to inform our pay bands. Base salaries will be reviewed at regular intervals throughout the year, typically in conjunction with performance review cycles. By evaluating compensation on a regular basis, we are able to reward high performance and ensure all employees have opportunities for growth.

Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Altruist we are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.

Compensation Overview

6 month growth

1 year growth

2 year growth