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Full-Time

Lead Product Designer

Experience

Posted on 9/26/2024

Altruist

Altruist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Compensation Overview

$158k - $198kAnnually

Mid

Los Angeles, CA, USA

Hybrid work schedule to promote strong, in-person collaboration and a healthy work-life-balance.

Category
Product & UX/UI Design
UI/UX & Design
Required Skills
UI/UX Design
Figma
Requirements
  • 5-7 years of experience
  • Strong mobile app experience
  • A dedication to turning complex problems into simple and engaging experiences
  • High attention to detail when it comes to UI design
  • Excellent UX ability, visual design, and product thinking
  • Comfort with an iterative design process using quantitative and qualitative data to inform design and product improvements
  • Must be humble, collaborative, have a positive attitude, and be a joy to work with (egos left at the door, please)
  • Strong qualitative, analytical, and problem-solving skills
  • Experience speaking to the goals of your work as well as successes and failures
  • A love for testing prototypes to ensure a user’s experience is beautiful, simple, and seamless
  • Fluency in Figma
  • Be a great team player with the ability to collaborate with Product and Engineering, combined with an ownership mentality over your work
  • Have the ability to move fast and ship work while maintaining a high standard of quality, balancing business needs and health of the overall organization with your desire to strive for perfection
  • An entrepreneur mindset with the ability to take initiative, seeing projects through from start to finish with a high attention to detail
Responsibilities
  • Work closely with Product, Engineering, and Design to visualize a revolutionary new platform for financial advisors and their clients
  • Build detailed product flows, including error states and edge cases
  • Design for both desktop and mobile
  • Apply data, research, and customer insights to design decisions
  • Align with product and engineering to determine what success means for a given initiative
  • Own the end-to-end design from ideation and research to execution
  • Iterate quickly through mockups and clickable prototypes that may range in fidelity and functionality
  • Work within defined timelines to prioritize your work for maximum impact
  • Work within our existing styles and design system to create a cohesive experience

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

$437.2M

Headquarters

Culver City, California

Founded

N/A

Growth & Insights
Headcount

6 month growth

10%

1 year growth

24%

2 year growth

53%
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Simplify's Take

What believers are saying

  • The recent $169M Series E funding round indicates strong investor confidence and provides Altruist with significant capital to expand its offerings and market reach.
  • Partnerships with leading providers like Orion Advisor Solutions and Kwanti enhance Altruist's platform capabilities, making it more attractive to RIAs.
  • The addition of digital fixed-income trading broadens Altruist's service offerings, potentially attracting a wider range of clients.

What critics are saying

  • Competing against established giants like Schwab and Fidelity in the $128 trillion RIA market poses significant challenges for Altruist.
  • The reliance on a free service model may pressure Altruist's revenue generation if the vertically-integrated custodian service does not scale as expected.

What makes Altruist unique

  • Altruist's platform offers a unique combination of commission-free trading, automated rebalancing, and a model marketplace, setting it apart from traditional RIA platforms.
  • The company's vertically-integrated custodian service provides a seamless experience for RIAs, reducing overhead costs and enhancing operational efficiency.
  • Altruist's strategy of offering services for free to attract a large user base is a bold move in the financial services market, differentiating it from competitors who charge for similar services.

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