Full-Time

Project Finance Origination Director/MD

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Compensation Overview

$275k - $300kAnnually

Senior, Expert

New York, NY, USA

Category
Corporate Finance
Finance & Banking
Requirements
  • BA/BS degree
  • 10-15 years of related work experience
  • Extensive subject matter expertise including advanced understanding of industry drivers, product positioning, structuring and risk mitigation strategies.
  • Proven ability to develop, nurture and monetize "trusted advisor" client relationships
  • Demonstrated ability to collaborate and influence across functional areas to resolve complex issues.
  • Strong interpersonal skills which foster teamwork, trust, creativity/innovation and accountability
  • Ability to communicate clearly, concisely and insightfully.
Responsibilities
  • Drive revenue through targeted clients/prospects in coordination with banking.
  • Lead deal teams.
  • Demonstrate subject matter expertise; translate knowledge into strategic dialogue and value added ideas which result in lead roles.
  • Collaborate with internal partners, including risk, to achieve optimal client outcomes.
  • Mentor and develop junior teammates.
  • Communicate complex or difficult ideas clearly, concisely and persuasively.
  • Demonstrate the Truist values.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs manage their businesses more efficiently. Unlike competitors, Truist provides these services for free, monetizing through a vertically-integrated custodian service that reduces 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

24%

1 year growth

40%

2 year growth

73%
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.

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