Jay Proffitt Email & Phone Number

Austin, Tx, Us

Austin, Tx, Us

GiGCXOs is dedicated to supporting small—to medium-sized broker-dealers and investment advisers who seek to optimize their operations, maintain regulatory compliance, and leverage cutting-edge technologies. Three pillars of GiGCXOs: 1. AI Compliance Consultants 2. Fractional Resources 3. Ad-Hoc Compliance Projects AI Compliance Consulting: We provide consulting services to help firms implement AI-driven compliance solutions that enhance efficiency, reduce human error, and lower costs. Our expertise includes automated advertising reviews, electronic communication oversight, and AI-driven risk assessments, enabling firms to stay ahead in the rapidly evolving regulatory landscape.Fractional Resources: We provide seasoned professionals on a fractional basis, allowing firms to access C-level talent, compliance officers, and other critical roles as needed. This service is ideal for firms undergoing transitions, seeking to scale operations, or requiring interim leadership.Ad-Hoc Compliance Projects: We handle a wide range of compliance projects, from preparing for regulatory examinations to developing comprehensive compliance programs. Our team is equipped to step in and manage these projects with precision, ensuring that firms remain compliant and avoid costly penalties.Our services are tailored to meet the specific needs of firms that require flexible, expert-driven solutions without the overhead of full-time hires.

Provide strategic direction for the growth and development of the broker-dealer's private placement offerings. Offer insights into market trends and investment opportunities. Advise on the development of new product offerings and services.Develop and implement a robust operational framework that ensures the integrity of operations for the Client and its customers.Foster strong relationships with Broker-Dealers and RIAs, ensuring high levels of satisfaction and engagement. Evaluate and optimize operational processes to improve efficiency and service quality. Advise on the integration of technology solutions to streamline operations, enhance client engagement, and improve transaction processing.Certify due diligence is being conducted on the products offered to ensure they are suitable for their clients and comply with applicable regulations.Ensure accurate and timely financial reporting, aligning with regulatory requirements and providing insights for decision-making.Lead talent acquisition, training, and development strategies to build a high-performing team. Promote a culture of excellence, ethical conduct, and continuous improvement.

Excited to share my journey in steering our firm's AI bot trading solutions, encompassing both simple and advanced option trading strategies. My role involves offering strategic direction, bolstering our capital-raising initiatives, and overseeing program management to ensure seamless operations. As an advocate for navigating the complexities of the securities industry's regulatory landscape, I'm committed to enhancing our product's reach within my professional network. Central to my efforts is providing ongoing input on our UI/UX design to achieve a user-friendly trading experience that incorporates sophisticated risk management tools. My ultimate goal is to empower our clients to reach unprecedented heights in their trading activities.

Vienna, Austria, At

Started GiGCXOs, a boutique consulting firm focused on broker-dealers and investment advisers.

Nashville, Tennessee, Us

Alto manages 1.1 billion in alternative assets under custody with almost 40,000 individual investors. Oversaw all aspects of Alto’s SaaS and customer operations, which included a broker-dealer, trust, and exempt reporting advisor. Managed the service and support teams, operations, and issuer relationship management. Launched broker-dealer and exempt reporting advisors that offer private securities (equity, funds, and feeder funds) using Reg D exemptions. Implemented robust policies and procedures for onboarding issuers and launching private securities. Documented the current state of operations, developed operations strategy, and collaborated with the Engineering team on product design and development for an all-in-one investing platform for private equity, public securities, and cryptocurrency.

San Francisco, California, Us

Securitize supports 3,000 businesses and 1.3M shareholders. Securitize is the leading digital asset securities firm. Leveraging blockchain technology to offer a two-sided platform. Securitize democratizes investor access to buy and trade alternative investments(Private Placements, including private funds) and provides companies with an all-in-one fully-digital solution to raise capital, manage shareholders, and offer potential shareholder liquidity. Member of the executive leadership team, responsible for broker-dealer business with a focus on building out private capital raise services, adding new issues to the Securitize Markets ATS, and adding new business lines via the FINRA CMA process. https://securitize.io/

San Francisco, California, Us

Manage Issuer Services (B2B) SaaS, Investor Service (B2C), and Operation teams. Built, deployed, and oversee an ATS trading digital security tokens for exempt private securities. Investor Service teams manage broker dealer account opening, accreditation, KYC/AML, and ongoing support questions. Issuer Services (SaaS) manage onboarding companies and investment funds seeking to raise capital via an SEC exemption (Reg D, S, A, or CF) via Software as a Service platform .Operations team manages ATS market access rules, pre-trade calcs, integration with key vendors, regulatory reporting (CAT, ORF, CAIS) and annual tax reporting (1099Bs and Cost Basis). Manage accounts payable and receivable, and work with FINOP on monthly net capital reports.

- Drafted money services business applications to support virtual currency (cryptocurrency) exchange and custody. Lead operations and compliance areas dealing with trading and custody of cryptocurrencies. Explored various banking charter strategies (State, National, and Digital Asset charters) for the firm.

Dallas, Tx, Us

(Formerly known as DLP Securities)- Provided product design input on web and mobile trading systems that supports equities, equity options, and cryptocurrencies.- Designed omnibus clearing back-office clearing and settlement system. Components included, but are not limited to, general ledger, trial balance, regulatory reporting, securities trading, margin, possession and control, AML, cash movements, order reporting, trade reporting, and client reporting.

- Managed peer-to-peer lending RIA firm doing business as LendingRobot and NSR Invest. RIA firm provided guidance and robo-advice on peer-to-peer investments. Managed two private funds for accredited investors.- Oversaw all aspects of the RIA businesses, including product management, technology, compliance, operations, marketing, business development, client services, and accounting.

New York, New York, Us

- Managed client experience, marketing, business development, and RIA firm (Novoadvisor). - Responsible for third-party marketing agency relationship building new brand and website, digital advertising, customer acquisition, demand generation, content marketing, and social media content. - Oversaw Novoadvisor product line that focuses on active trader robo-advice.

New York, New York, Us

- Provided management consulting services to broker-dealers, investment advisors, and start-ups.- Examples of work include product audit of investment decision-making software for venture fund, UX and wireframe study for fintech firm, operational and offer management consulting for a broker-dealer, an investment advisory firm, and operational consulting for garment bag start-up.

Westlake, Texas, Us

• Lead a team of product managers responsible for web, mobile, and desktop channels for retail clients trading stocks, equity options, and derivatives. • Key executive in the successful integration of corporate acquisition, optionsXpress.• Design innovative product and services using personas, journeys, competitive intelligence, and client feedback. Execute on roadmaps leveraging agile methodologies with direct and cross functional resources.

Westlake, Texas, Us

• Reported to optionsXpress CEO; collaboratively led multiple key integration programs, which included regulatory, corporate, and derivatives product development.• Acted as corporate integration executive with project management office, technology, marketing, operations, legal, risk, and compliance.

Westlake, Texas, Us

• Led multi-year program enhancing global investing capabilities for retail and advisor customers. Product design was a mixture of “build” and “buy” product strategies, which culminated with the launch of the Schwab Global Account. • The Schwab Global Account is designed for U.S. investors seeking to trade online through Schwab in international markets in their local currencies. Clients can trade in 12 countries using 8 currencies on a 24X6 basis.

Westlake, Texas, Us

• Led team of product managers responsible for firms market data • Designed products, evaluated vendors, and sourced market data services per business requirements. • Partnered with internal business units from procurement to launch of the new market data products and services.• Led CyberTrader integration strategy analysis (spin-off or integrate into Schwab) and then led the resulting program integration of the CyberTrader customers.

Dallas Texas, Tx, Us

• Designed and developed middle office reconciliation and reporting application that monitored cash balances and security positions. • Designed a unique and highly efficient cross-border (multi-currency) operational accounting system with intra-day risk management tools.

Dallas Texas, Tx, Us

• Responsible for Operations, Product Management and Technology groups. • Completed installation and go to market plan for back office clearing and settlement product, services, and offer. • Implemented a third party European portfolio management system with market execution services.

Dallas Texas, Tx, Us

• Developed global securities order management system. Coordinated client requirements, organized domestic and foreign installations, and acted as liaison with technology and operations departments.• Developed and implemented market data products and services, which included contract negotiations with third party data providers, ongoing administration, and coordination of data services.

• Reported directly to the CEO as a Global Operations Manager of US and UK broker-dealers. As Principal, managed and supervised US and European Operations teams. • Developed global company policies, procedures, and business strategies, which resulted in strong business growth.

Masters In Business Administration, Business Administration And Management, General

Bachelor In Business Administration, Finance