Full-Time

ABL Originator

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior

Cleveland, OH, USA

Category
Asset Management
Finance & Banking
Requirements
  • BA/BS degree
  • 5-10 years of ABL experience
  • Solid subject matter expertise including knowledge of industry drivers, product positioning, structuring and risk mitigation.
  • Understand and have experience with an ABL syndication process for left lead and participatory transactions
  • Demonstrated ability to collaborate across functional areas to resolve complex issues
  • Strong interpersonal skills which foster teamwork, trust, creativity/innovation and accountability
  • Ability to communicate clearly, concisely and insightfully
Responsibilities
  • Drive revenue through targeted clients/prospects in coordination with banking.
  • Demonstrate subject matter expertise; translate knowledge into strategic dialogue and value added ideas which result in lead roles
  • Collaborate with internal partners, including risk, to achieve optimal client outcomes.
  • Mentor and develop junior teammates.
  • Communicate complex or difficult ideas clearly, concisely and persuasively.
  • Demonstrate the Truist values.
  • Adheres to risk/compliance policies and guidelines

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. The platform includes tools like live chat support, commission-free trading, and an automated rebalancer, allowing RIAs to manage their businesses more efficiently and serve more clients at lower costs. Unlike competitors, Truist provides these services for free and monetizes through a custodian service that helps RIAs reduce overhead. The 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

N/A

Growth & Insights
Headcount

6 month growth

24%

1 year growth

38%

2 year growth

74%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $169M Series E funding round indicates strong investor confidence and provides substantial capital for further innovation and expansion.
  • Collaborations with leading providers like Orion Advisor Solutions and Kwanti enhance Altruist's platform capabilities, making it more attractive to RIAs.
  • Acquiring Shareholders Service Group expands Altruist's service offerings and client base, positioning it to compete with industry giants like Schwab and Fidelity.

What critics are saying

  • The competitive landscape in the RIA market includes established players like Schwab and Fidelity, which could challenge Altruist's growth and market penetration.
  • Rapid expansion and multiple integrations may lead to operational complexities and potential service disruptions.

What makes Truist unique

  • Altruist offers a simplified tech stack specifically designed for RIAs, unlike broader financial platforms that cater to multiple financial service providers.
  • Their commission-free fractional share trading and automated rebalancer features provide cost-effective solutions that are not commonly bundled together in competing platforms.
  • The vertically-integrated custodian service allows Altruist to streamline operations and reduce overhead costs for RIAs, setting it apart from traditional custodial services.

Help us improve and share your feedback! Did you find this helpful?