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Full-Time

2025 Leadership Development Program

Credit Track, Full-Time LDP

Posted on 9/10/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Entry

Charlotte, NC, USA + 1 more

More locations: Atlanta, GA, USA

Program requires relocation and in-office presence in Charlotte or Atlanta.

Category
Commercial Banking
Finance & Banking
Required Skills
Communications
Requirements
  • Bachelor’s Degree or Master’s Degree required, 3.0+ GPA preferred
  • Excellent interpersonal and communication skills
  • Strong initiative and personal accountability
  • Demonstrated leadership through on campus and/or community involvement and/or work experience
  • Enthusiasm for a career in financial services
  • General knowledge of the financial services industry
  • Willingness to travel
  • Ability to relocate for the program and locations throughout the Truist footprint upon program completion.
  • At this time, Truist will not sponsor an applicant for employment authorization, nor will we offer any immigration-related support for this position (including H-1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN-1 or TN-2, E-3, or sponsorship for U.S. permanent residence.)
Responsibilities
  • Complete all prescribed training satisfactorily prior to the end of the program into appropriate center assignment.
  • Complete any additional training as recommended by the manager, either during or after the program.
  • Participate in business rotations, working on projects and other business-as-usual activities that allows for the practical application of concepts and behaviors referenced in training and demonstrate results in line with rotational managers’ expectations.
  • Perform special projects or assignments outside of the formalized training program, as may be assigned.

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

5%

1 year growth

19%

2 year growth

46%
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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.
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