The following paragraphs describe our services and fees. Refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we," "our," and "us" refer to Build Asset Management, LLC and the words "you," "your," and "client" refer to you as either a client or prospective client of our firm.
Build Asset Management, LLC ("Build"), CRD # 298354, is an SEC registered investment adviser and was organized as a limited liability company under the laws of the State of Missouri in June of 2018, and is headquartered in Jefferson City, Missouri with offices in Seattle, Washington. John L. Ruth is the President and CEO of the firm and Matthew G. Dines is the Chairman, Chief Financial Officer and Chief Investment Officer of the firm. We are primarily owned by John L. Ruth, Matthew G. Dines and SNK Real Property Holding, LLC.
Build's principal office is located at 3608 West Truman Blvd., Suite 200, Jefferson City, Missouri 65109.
Regular business hours are 8:00 AM through 5:00 PM. The firm can be contacted by phone at (833) 852-8453.
Portfolio Management Services We provide portfolio management and advisory services to institutional clients, businesses, individuals, and high net worth individuals, a registered investment company, a private fund, other investment advisers, and a CIT (described below) We gather information about the client such as investment needs, goals and objectives, risk profile and time horizon to help us manage the account. As changes arise, we update the account information and adjust the account accordingly.
If you participate in our discretionary portfolio management services, you will grant our firm discretionary authority to manage your account. Discretionary authorization will allow us to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by the investment advisory agreement you sign with our firm and the appropriate trading authorization forms. Clients may impose restrictions on investing in certain securities or types of securities or other instructions as agreed to by us and as documented in the investment advisory agreement.
Types of Investments We offer advice on stocks, bonds, mutual funds, ETFs, options, private funds, alternative investments, and open- or closed-end funds.
We will advise you on various types of investments based on your stated goals, risk tolerance and objectives. We may provide advice on any type of investment held in your portfolio at the inception of our advisory relationship.
Since our investment strategies and advice are based on each client's specific financial situation, the investment advice we provide to you may be different or may conflict with the advice we give to other clients regarding the same security or investment.
Advisory Services to Collective Investment Trust Build provides ongoing discretionary portfolio management services to a registered trust company and the trustee of a collective investment trust ("CIT"). The Trustee of the CIT/CIF has entered into an agreement with Build whereby Build will provide its advisory services to the Trustee and the CIT/CIF, and Build's current annual compensation for those services is 65 basis points (0.65%) of the assets 4 within the CIT/CIF under Build's management. When providing portfolio management services, the firm not only makes recommendations related to investments, but also implements those recommendations and provides

ongoing monitoring and reporting.
Build manages Employee Retirement Income Security Act of 1974, as amended, ("ERISA") assets in the CIT. The CIT is bank maintained and is not registered with the Securities and Exchange Commission. The CIT is not a mutual fund registered under the Investment Company Act of 1940, as amended, ("1940 Act") or other applicable law, and unit holders are not entitled to the protections of the 1940 Act. The regulations applicable to the CIT are different from those applicable to a mutual fund. The CIT's units are not securities registered under the Securities Act of 1933, as amended, or under the applicable securities laws of any state or other jurisdiction.
From time to time, Build will provide to the trustee of the CIT/CIF a list of proposed security types and/or investment types for each CIF within the CIT. The Trustee will review the list and provide Build with a list of approved security and/or investment types for each CIF. In addition, Build will provide periodic reports to the Trustee regarding the strategies that Build is employing to manage the CIF assets.
Sub-Advisory Services to Registered Investment Advisers We offer sub-advisory services to unaffiliated third party money managers (the "Primary Investment Adviser"). As part of these services, we will manage assets delegated to our firm by the Primary Investment Adviser. While we are responsible for the overall management of the assets delegated to our firm, we will not communicate investment recommendations or selections directly to the Primary Investment Adviser's individual clients.
Investment Adviser to Investment Company Build serves as the investment adviser to the Build Bond Innovation ETF (the "Fund") and is responsible for the Fund's investment operations, subject to the general oversight of the Build Funds Trust Board of Trustees. Build may retain a sub-adviser and may delegate responsibility for the day- to-day management of the Fund, such as trading portfolio securities for the Fund, including selecting broker-dealers to execute purchase and sale transactions or in connection with any rebalancing or reconstitution of the Fund, to the sub-adviser. The sub-adviser would be subject to the supervision and oversight of Build.
Investment Adviser to Private Funds Build serves as the investment adviser to the Build Secured Income Fund I (the "Private Fund") and is responsible for the Fund's investment operations, subject to the general oversight of the Build Secured Income Fund I (General Partner of the Fund). Build may retain a sub-adviser and may delegate responsibility for the day-to-day management of the Fund, such as trading portfolio securities for the Fund, including selecting broker-dealers to execute purchase and sale transactions or in connection with any rebalancing or reconstitution of the Fund, to the sub-adviser. The sub-adviser would be subject to the supervision and oversight of Build.
We may decide to manage, sponsor or advise other private funds in the future. Any new fund may have similar or materially different terms than the current Private Fund. Prospective investors in any new private fund should refer to the appropriate fund offering documents and/or organizational documents for information regarding such fund or accounts minimum required capital commitment and any additional qualifications required for investment.
As of December 31, 2023, we provide continuous management services for $109,495,795 in client assets on a discretionary basis, and % 0 in client assets on a non-discretionary basis.
5 The firm does not provide a "wrap fee" program.