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Full-Time

ABL Originations Director

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior

Atlanta, GA, USA

Category
Asset Management
Finance & Banking
Requirements
  • BA/BS degree
  • Licenses: Series 79 or 63
  • 11-15 years of related work experience
  • Solid subject matter expertise including knowledge of industry drivers, product positioning, structuring and risk mitigation.
  • Demonstrated ability to collaborate 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
  • Demonstrate subject matter expertise; translate knowledge into strategic dialogue and value added ideas which result in lead roles
  • Execute left lead ABL transactions with ABL syndicate
  • 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 Truist values
  • Adheres to risk/compliance policies and guidelines

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

10%

1 year growth

19%

2 year growth

51%
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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