Principal Product Manager, Altruist
Money Movement
$203-260k
+ Equity in the form of stock options
3+ days a week in office (Culver City, CA)
All-in-one platform for financial advisors and their clients
Be an early applicant
All-in-one platform for financial advisors and their clients
501-1000 employees
Be an early applicant
$203-260k
+ Equity in the form of stock options
3+ days a week in office (Culver City, CA)
501-1000 employees
Company mission
To make financial advice better, more affordable, and more accessible.
Role
Who you are
- Experience - 8+ years in product management with experience owning a highly visible and large product scope
- Education - Ideally looking for a B.A. / B.S. degree in relevant fields
- Technical aptitude - Demonstrated understanding of the techniques and methods of modern product discovery and product delivery
- Ownership - The pride you put into every aspect of your work is unparalleled and undeniable
- Superb communication - Intentional dialogue is a superpower. You listen as well as you share your perspective with others. You have a proven ability to engage with engineers, designers, and company leaders in a constructive and collaborative relationship
- Resilience - We’re inspired by your unwavering determination to achieve success, no matter the adversity you face along the way
- Assurance - Your confidence is brilliant, yet ego-less. You possess a strong knowledge base, the ability to discover the unknown, and are open to differing perspectives
- Creative problem solving - Identifying the problem is simply not enough. You’re instinctually creative with your approach in finding solutions to roadblocks
Desirable
- Familiarity with financial regulations (e.g., KYC, AML) or have managed products in a highly regulated environment
- Hands-on experience with payment rails (e.g., ACH, wires) and/or asset transfer systems (e.g., ACATS)
What the job involves
- Altruist is in the midst of an exceptional growth phase and we’re excited to hire a Principal Product Manager to join our Money Movement team
- As a core component of our business, the product you will lead is critical to our success
- In this role, you'll have the opportunity to disrupt industry norms and make a significant impact on our team and our customers!
- Own the product strategy and roadmap for our Money Movement team across platforms (Web, iOS, Android)
- Lead product discovery for new Banking features such as mobile check deposits, direct deposit, and bill pay
- Modernize and digitize paper-based workflows (e.g., Check Distributions) to lower customer friction and reduce internal teams' operational burden
- Simplify retirement account management by calculating and automating IRA contributions and Required Minimum Distributions
- Analyze key metrics (e.g., funding rates, engagement patterns, funnel drop-offs) to uncover opportunities to streamline money movement and craft a delightful user experience
- Triage production issues, identify root causes, and strengthen our platform in collaboration with Engineering to ensure reliable customer experiences
- Develop a deep understanding of our customers and industry through user interviews, market research and product analytics
- Ship minimum-loveable-products that allow us to test our hypotheses while delivering a quality customer experience
- Partner with engineering, design, marketing, customer success, operations and compliance to create innovative solutions that make it easier to access financial advice
Our take
Altruist has created a cloud-based digital investing platform for independent financial advisors (IFAs). In the past, it’s been common for financial advisors selling products on a commission basis to have access to advanced digital systems, but not those working entirely independently.
Altruist brings an all-in-one platform to all IFAs, removing the need to use multiple programs to manage client accounts whilst bringing high quality assets to all investors, regardless of portfolio size.
Advisors can save time, compress costs and ultimately do more for their clients. Altruist operates a pricing model that scales up with the number of required accounts, unlike some competitor products such as Adviser and Intelliflo which charge a flat monthly subscription fee. Off the back of impressive funding, the company is set to expand its service offerings and support a wider range of RIAs as it becomes a truly comprehensive advising solution.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
May 2024
$169m
SERIES E
Apr 2023
$112m
SERIES D
Total funding: $449.5m
Company benefits
- Be rewarded for doing great work: competitive compensation and equity for all team members
- Health, dental, and vision coverage, available on your first day
- Set future you up for success with 4% 401(k) matching
- Flexible time off and work hours to meet your needs
- Modern parental paid leave from day one, including 16-week adoptive, birth or foster paid leave, and 4-week child loss or miscarriage paid leave
Company values
- First and foremost we believe in treating everyone with kindness, respect, and equality
- Brilliance at Altruist means constantly striving to better your craft with a growth mindset, always learning
- Lastly, we have grit—a bias toward action and an insatiable appetite for getting things done to bring us closer to delivering on our mission
Company HQ
McManus, Culver City, CA
Articles
Leadership
Jason Wenk
(CEO)Started their career as a Morgan Stanley System Analyst before co-founding Retirement Wealth as CEO in 2005. They also founded FormulaFolios in September 2011, before combining this financial and entrepreneurial experience to found Altruist in September 2018.
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