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Full-Time

VP-Investment Banking-Power and Renewables

Posted on 9/30/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Compensation Overview

$275kAnnually

Senior, Expert

New York, NY, USA

Annual base salary for this position in New York is $275,000.

Category
Investment Banking
Finance & Banking
Required Skills
Sales
Communications
Management
Requirements
  • BA/BS degree
  • Minimum of 8 years of related work experience
  • In-depth knowledge of investment banking, market, industry sector and/or financial products
  • Advanced skills in financial analytical, sales, presentation, client relationship management, organizing, leadership and interpersonal relationship management
  • Superior skills in written and oral communications
Responsibilities
  • Works closely with senior banking professionals, product specialists, clients and other internal and external constituencies to help drive the business growth
  • Leads support work, business development and/or product/client relationship management
  • Assists in the generation of ideas and strategies for new business opportunities including prospecting
  • Leads processes required to convert ideas to sales pitches, including due diligence execution and client pitch preparation
  • Leads all aspects of transaction execution, including organizing teams and handling engagement with internal and external constituencies, selling product and advisory ideas internally and externally, and managing resolution of complex client transaction issues
  • May supervise junior staff (i.e., Analysts, Interns, and Associates) by assigning and overseeing their day-to-day work
  • Manages highly complex financial modeling, pitch-book production development, client relationship, and deal team travel, etc.

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 a lower cost. Unlike competitors, Truist provides these services for free, monetizing through a custodian service that helps RIAs reduce overhead costs. 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

8%

1 year growth

19%

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 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.