Full-Time

Principal Product Manager

Trading

Confirmed live in the last 24 hours

Altruist

Altruist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Compensation Overview

$200k - $249kAnnually

+ Equity Packages

Senior, Expert

Company Historically Provides H1B Sponsorship

San Francisco, CA, USA

Hybrid work schedule; employees are expected to work in the office part of the time.

Category
Product Management
Product Operations
Product Strategy
Quantitative Finance
Product
Required Skills
Product Management

You match the following Altruist's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 8+ years of experience working as Product Manager at a B2B financial services, fintech, or SaaS organization
  • Experience building and managing trading platforms across multiple asset classes
  • Hands-on experience working with equity, option, mutual fund, and bond trading platforms
  • Experience working with requirements from FINRA, SEC and other regulatory agencies
  • Domain knowledge and solid understanding of the investment management landscape and broker dealer need
  • Technologically savvy and can easily get up to speed on modern tech stacks
  • Superb communication skills
  • Resilience and unwavering determination to achieve success
  • Creative problem-solving skills
Responsibilities
  • Ensure that requirements and designs for the trading products are based on sound market and competitive research and are supported by industry experience, customer interviews, focus groups, and surveys
  • Manage the trading team’s backlog and prioritization. Keep the team on track for key delivery dates
  • Create release notes, knowledge base articles and training materials to be used for internal and external distribution for our trading product
  • Act as the primary point of contact for all issues affecting trading
  • Liaise with the Customer Success, Trading Operations, and Compliance teams to investigate issues and work closely with engineering to find solutions
  • Contribute to architectural and vendor decisions in close partnership with the engineering team, product management and executive stakeholders
  • Partner with engineering and design to build out a team to grow the trading product
  • Partner with our design team to create user interfaces and efficient workflows for the manual trading platform
  • Partner with the brokerage product management team to assist in the growth and support of all brokerage related products
  • Assist in developing, monitoring and reporting on key product KPIs across the brokerage products
Desired Qualifications
  • Finra Licenses

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 lowering costs, 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, aiming to build a large user base, and generates revenue 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 Size

501-1,000

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Simplify Jobs

Simplify's Take

What believers are saying

  • Recent $169M funding round boosts Altruist's growth and market expansion potential.
  • Partnerships with Orion and Kwanti enhance Altruist's platform integration and service offerings.
  • Rising demand for digital transformation in financial services aligns with Altruist's solutions.

What critics are saying

  • Competition from Betterment and Wealthfront pressures Altruist to innovate continuously.
  • Frequent platform updates may increase operational costs and resource allocation challenges.
  • Dependency on third-party integrations could affect service delivery if partnerships change.

What makes Altruist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free fractional share trading and an automated rebalancer.
  • Altruist's vertically-integrated custodian service reduces overhead costs for RIAs.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Hybrid Work Options

Unlimited Paid Time Off

Paid Parental Leave

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

9%

1 year growth

3%

2 year growth

2%
Business Wire
Oct 2nd, 2024
LaSalle Vaughn Joins Altruist as Chief Compliance, Ethics, & Risk Officer

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.

Wealth Management
Sep 24th, 2024
Altruist Adds Digital Fixed Income Trading to Platform

RIA custodian Altruist has launched fully digital fixed-income trading for advisors.

Arena Investor
Aug 29th, 2024
Announcement: Arena Investor Partners with Altruist

Announcement: Arena Investor partners with Altruist.

Wealth Management
May 2nd, 2024
Altruist Raises $169M in Latest Funding Round

Yoonkee Sull, general partner at ICONIQ Growth, will join Altruist's board of directors as a result.

Finsmes
May 2nd, 2024
Altruist Raises $169M in Series E Funding

Altruist, a Los Angeles, CA-based custodian for independent RIAs, raised $169M in Series E funding