Full-Time
Senior Back End Engineer
Trading
Posted on 7/16/2024
Altruist
501-1,000 employees
Platform for Registered Investment Advisors' operations
Compensation Overview
$170k - $226kAnnually
Senior, Expert
San Francisco, CA, USA
- 5+ years of building scalable RESTful back-end services using Java and Spring Boot framework
- Experience with building out trading applications
- Implemented microservices architecture for backend services to deliver highly distributed and resilient architecture
- Strong understanding of design patterns, and implementation of, event-driven architecture
- Implement and believe in automated testing like unit/integration test
- Experience using Swagger for API documentation, SonarQube for code quality
- Strong grasp over database technologies using SQL and NoSQL databases like Postgres, MySQL, HBase/Cassandra, Redis
- Strong understanding of caching technologies like CDN, Redis, Memcache
- Working knowledge of Docker/Container technologies like Kubernetes or ECS
- Analyze and solve complex problems spanning multiple user personas and workflows
- Focus on building and scaling systems
- Deliver RESTful APIs with microservices
- Integrate data from multiple custodians, aggregating, modeling, and loading the data into a transactional and warehouse system
- Solve complex problems within an event-based environment
- Work on complex calculations in a consistent and accurate manner
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
6 month growth
↑ 6%1 year growth
↑ 21%2 year growth
↑ 46%
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.