Full-Time

Investment Banking Associate-Energy

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Mid, Senior

Houston, TX, USA

Category
Investment Banking
Finance & Banking
Requirements
  • BA/BS degree
  • Minimum of 4 years of related work experience
  • Strong knowledge of investment banking, market, industry sector, and/or financial products
  • Mastery of financial and accounting concepts to facilitate the creation or review of in-depth financial models involved in transactions
  • Strong organizational and leadership skills
  • Advanced skills in written and oral communications, and interpersonal relationship management
  • Solid analytical and sales skills
Responsibilities
  • Plays an integral role in supporting new business development, due diligence, and/or transaction execution
  • Under limited supervision, performs tasks assigned and managed by senior staff, including drafting internal and external documents and marketing materials, modeling, due diligence, executing transactions, as well as working with clients, attorneys, investors, interested parties and/or other senior professionals on a day-to-day basis
  • May coach and mentor Analysts or Interns. Builds cross-functional relationships within CIB

Truist offers a platform for Registered Investment Advisors (RIAs) to enhance their operations and client experiences. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs serve more clients efficiently. Unlike competitors, Truist provides these services for free, monetizing through a vertically-integrated custodian service that reduces overhead costs. The company's goal is to empower RIAs to grow their businesses while improving client satisfaction.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Growth & Insights
Headcount

6 month growth

24%

1 year growth

43%

2 year growth

72%
Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting growth and innovation potential.
  • Partnerships with Orion and Kwanti enhance Altruist's platform integration and service offerings.
  • Increased demand for digital transformation in financial services aligns with Altruist's tech solutions.

What critics are saying

  • Competition from firms like Betterment and Wealthfront pressures Altruist to innovate continuously.
  • Integration with Orion and Kwanti may pose operational risks if not seamless.
  • New digital fixed-income trading could attract regulatory scrutiny if compliance is lacking.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free trading and an automated rebalancer for cost-effective solutions.
  • Altruist's model marketplace provides personalized investment strategies, catering to diverse client needs.

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