Corporate Counsel, Wealthfront
$170-217k
+ equity
Automated investment management
Job no longer available
Automated investment management
201-500 employees
Job no longer available
$170-217k
+ equity
201-500 employees
Company mission
To build a financial system that favors people, not institutions.
Role
Who you are
- 4+ years of experience, with at least 2 years of experience at a leading national or international law firm
- Prior in-house experience helpful, but not required
- Familiarity with a variety of general corporate, securities, and commercial transactional work
- Familiarity with privacy issues very helpful, but not required
- Experience advising clients that conduct business in a regulated financial industry and/or other familiarity with applicable legal and regulatory landscapes (e.g., investment adviser, broker-dealer, mortgage, banking, money transmitter)
- Prior experience with regulatory or securities filings very helpful
- Prior experience reviewing marketing or sales materials helpful, but not required
- Ability to work in a fast-paced, collaborative environment
- Keen attention to detail and good follow-through
- Ability to identify and analyze complex legal issues, assess and describe relative risk, and present clear recommendations
- Ability to spot and address cross-functional legal issues
- Ability to provide guidance to all levels of business partners, executive and non-executive
- Strong drafting/writing/communication skills
- Willingness to take ownership of a range of projects depending on team and business needs
- Willingness to learn applicable regulatory schemes if you’re not already familiar with them
- California Bar membership, or eligibility to practice as California Registered In-House Counsel
- Strong interest in Wealthfront, our products, and fintech generally
- Agility, creativity, patience, diplomacy and a sense of humor are essential
What the job involves
- Wealthfront, a leading consumer fintech and pioneer of the robo-advisor industry, is currently seeking a talented and detail-oriented Corporate Counsel to join its Legal team
- Our new Corporate Counsel will be responsible for providing internal partners with legal advice and counsel on a range of subject matter issues relevant to Wealthfront’s business, including long-term projects, corporate strategies, and day-to-day matters
- While you will primarily support the Company’s corporate legal, securities, and corporate governance functions, we expect that this role will also support regulated functions of our business, including our investment advisory and broker-dealer businesses and/or potential new business operations
- You will report to and work closely with our Deputy General Counsel and will interact with a range of other teams across the business, including our Compliance, Finance, Product, Marketing and Engineering teams
- Advise the Company on a range of corporate and securities matters
- Review and/or draft corporate and commercial agreements (inbound and outbound)
- Prepare applicable corporate and securities filings, and/or draft corporate governance materials such as board resolutions and stockholder-related documents
- Manage equity incentive plan matters alongside the Company’s Finance team
- Provide counsel in connection with new business and product initiatives
- Collaborate with other Legal team members in support of a range of projects
- Work directly with business partners to understand needs, goals, and potential risks
- Interface with outside counsel where necessary/appropriate
- Stay up-to-date on relevant developments in applicable securities laws, regulatory requirements and market practices
- Learn new subject matter areas and take ownership of functions or projects as needed
- Other duties as determined by the Deputy General Counsel and Chief Legal Officer
Our take
Wealthfront's platform takes the hassle and stress out of investing, financial planning, borrowing, and saving with automated services and financial advice. Its robo-advisor allows customers to set a financial limit on their accounts, anything above the limit is moved into an investment account or another account chosen by the customer.
Indeed, it has some similarities to round-up apps like Acorn, which round up purchases and put the spare change into savings. There are other companies working on robo-advisors too, such as Morgan Stanley and Betterment.
Nonetheless, with an impressive and steadily increasing list of clients, with more than $50B of assets under its management, Wealthfront achieved Unicorn status in September 2022. Wealthfront is diversifying its offerings, branching into high-interest checking accounts and investment advice.
Steph
Company Specialist at Welcome to the Jungle
Insights
-4% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Jan 2018
$75m
SERIES E
Oct 2014
$64m
SERIES D
Total funding: $204.5m
Company benefits
- 401(k)
- Medical/Vision/Dental insurance
- HSA contributions for high deductible plans
- Discretionary time off policy
- 16 weeks of paid parental leave (both parents)
- Flexible working hours
- Monthly wellness reimbursement
Company HQ
University South, Palo Alto, CA
Leadership
Dan Carroll
(CSO)They studied Finance and Entrepreneurship at the University of Arizona before using this expertise to co-found Wealthfront in December 2008.
Andy Rachleff
(Executive Chairman)Prior to Wealthfront, they co-founded and was General Partner of Benchmark Capital, where they were responsible for investing in a number of successful companies including Equinix, Juniper Networks, and Opsware.
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