Corporate Counsel, Wealthfront
$184-225k
+ Equity and a discretionary bonus
Automated investment management
Be an early applicant
Automated investment management
201-500 employees
Be an early applicant
$184-225k
+ Equity and a discretionary bonus
201-500 employees
Company mission
To build a financial system that favors people, not institutions.
Role
Who you are
- 3-6 years of experience, with at least 2 years of experience at a leading national law firm. Prior in-house experience is helpful but not required
- Prior experience with public company filings, reporting obligations, and governance
- Familiarity with a variety of general corporate, securities, and commercial transactional work
- Familiarity with privacy issues 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 is helpful, but not required (e.g., investment adviser, broker-dealer, mortgage, banking, money transmitter)
- 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
- You will primarily support the Company’s corporate legal, securities, and corporate governance functions, including public company reporting, but may also support other areas of our business, such as our investment advisory, broker-dealer, and home lending operations
- You will initially report to our Deputy General Counsel and will work closely with the other members of our Legal team and 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
- Assist with public company reporting obligations, including preparation of applicable corporate and securities filings
- Assist with corporate governance materials such as board resolutions and stockholder-related documents
- Support equity incentive plan matters alongside the Company’s Finance team
- Review and/or draft corporate and commercial agreements (inbound and outbound)
- 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
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, and more than $50B of assets under its management, Wealthfront achieved Unicorn status in September 2022. Now it is diversifying its offerings, branching into high-interest checking accounts and investment advice and reportedly seeking a valuation of up to $2.05B in its upcoming IPO, a move that puts the company in a strong position for even more growth.
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
- Lunch and snacks on the house: Enjoy lunches, snacks, coffee and stipends to go out to lunch with coworkers.
- More tools in your toolbox: Join one of our affinity groups, attend leadership trainings and receive 1:1 mentorship. We give team members a quarterly learning stipend so we can all continue to grow and improve.
- Commuting made easy: We’re a short walk from the Palo Alto Caltrain and all employees receive a Caltrain pass. Our co-working space in San Francisco is great for days when you need to work from the city. An additional transportation stipend and relocation bonuses make getting to the office a breeze.
- Prioritize Wellness: Stay happy and healthy however you choose with our monthly wellness reimbursement. You define what wellness means for you — a massage, running sneakers, or dance classes? It’s your call.
- Work/life balance (no, really): We have flexible working hours, a discretionary time off policy and offer 16 weeks of paid parental leave (both parents). We work hard, but we rejuvenate too.
- Your health matters: We provide comprehensive medical, dental and vision coverage for you and your family, including HSA contributions for high deductible plans.
Company HQ
University South, Palo Alto, CA
Leadership
Dan Carroll
(Founder & CSO)They studied Finance and Entrepreneurship at the University of Arizona before using this expertise to co-found Wealthfront in December 2008.
David Fortunato
(CEO)David has been at Wealthfront since 2009, joining the company as CTO. He then became the President in 2019 and CEO in 2021.
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