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Full-Time

Executive Assistant

Updated on 9/6/2024

Altruist

Altruist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Consulting
Fintech
Financial Services

Compensation Overview

$96k - $141kAnnually

Senior

Los Angeles, CA, USA + 1 more

Category
Executive Support
Administrative & Executive Assistance
Required Skills
Communications
Requirements
  • Minimum 5 years of experience supporting C-level executives
  • Strong written and verbal communication skills
  • Ability to interact with Board members, advisors, and clients in a professional manner
  • Strong critical thinking
  • Impeccable organizational skills and time management
  • Ability to function autonomously in a fast paced environment
  • Google Suite experience
Responsibilities
  • Work directly with the CEO to support and manage his schedule and all day to day administrative responsibilities
  • Provide calendar support to the executive team as needed, especially when meetings also involve the CEO
  • Manage the CEO’s inbox, ensuring critical messages are reviewed in timely manner and do not “get buried”
  • Evaluate and prioritize meeting requests from internal and external stakeholders and respond accordingly
  • Draft, review and send communications on behalf of the Executive team
  • Own and manage both internal and external scheduling(e.g., weekly business updates, All Hands, Board meetings)
  • Coordinate travel arrangements and restaurant reservations when necessary
  • Maintain confidential and sensitive information with the utmost discretion

Altruist provides a platform designed for Registered Investment Advisors (RIAs) to improve their operations and client interactions. The platform includes a range of tools such as live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, all aimed at helping RIAs manage their businesses more effectively. This allows them to serve more clients while keeping costs low, which can enhance their profit margins. Altruist also features a quick onboarding process and offers valuable investment management information along with original content tailored for independent financial advisors. Unlike many competitors, Altruist offers its services for free to attract a large user base, monetizing instead through a vertically-integrated custodian service that helps RIAs reduce operational costs. The goal of Altruist is to empower RIAs to grow their businesses and enhance the experience they provide to their clients.

Company Stage

Series E

Total Funding

$449.5M

Headquarters

Culver City, California

Founded

2018

Growth & Insights
Headcount

6 month growth

6%

1 year growth

21%

2 year growth

46%
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 growth and innovation.
  • 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 limit Altruist's market penetration.
  • Rapid expansion and integration of new acquisitions may lead to operational challenges and potential service disruptions.

What makes Altruist 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.