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Build Asset Management

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Proceed with Caution! - Anonymous employee Build Asset Management Employee Review

1.0
26 Apr 2022
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Interesting thesis...though not terrible unique

Cons

Founding members of the team lack the institutional knowledge of the asset management business. The CIO has literally never managed an active (or passive!) portfolio.

Explore other reviews about Build Asset Management

5.0
4 Mar 2021
Recommend
CEO approval
Business outlook

Pros

- very smart people that know what they're doing and care about the future of the company and the success of their employees - managers are very organized and care a lot about a successful onboarding process (unlike some other start-up experiences I've had) - many company processes and values modeled after Amazon practices, but culture only borrows from the good parts of Amazon culture--work-life balance is not only possible but encouraged - as a startup, Build employees have lots of opportunity to grow and impact the company; challenging the status-quo is encouraged, and there are no archaic practices you have to accept/follow - fantastic base pay and totally reasonable benefits, including flexible time off and decent health insurance (recently added dental and vision options)

Cons

Build may not be for you if you prefer: - large, highly structured companies - tightly defined roles that never require you to work on or pay attention to something outside the scope of your original job description - traditional companies/industries that aren't dynamic - companies with huge benefits packages or stock options (these are all pros rather than cons for me)

5.0
24 Feb 2021
Recommend
CEO approval
Business outlook

Pros

I'm an executive at Build so my review is naturally biased. However, I want to provide candid pros and cons for prospective job candidates. Pros: * Work on a big challenge in the financial services space; namely creating financial products that seek better risk-management characteristics for retirement savers * Diverse employee base from different industries and personal backgrounds * Friendly, fun, and collaborative culture * True "day 1" mentality of a small start-up; not a lot of red tape * All employees should see direct impact of their work on company success * We try as hard as we can to accept new ideas from all corners of the business

Cons

Life at a start-up is not the same as working for a large company. If you are more comfortable working in a large organization with a multi-year roadmap set in stone, Build may not be the right fit for you. Cons: * Incumbency bias (track record, AUM, fee pressure) in the financial services industry makes selling a new product very difficult * High ambiguity on most problems; we demand high "figure-it-out" abilities * Rapid iteration and strategy pivots can be uncomfortable * Many of our tech and operational systems are still very early in development; many things are not "push-button" easy

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