SMB Capital Reviews

Updated April 15, 2015
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Michael Bellafiore & Steven Spencer
5 Ratings

10 Employee Reviews

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  1. Great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at SMB Capital

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great culture Young and diverse employees

    Cons

    Nothing for an intern to complain about


  2. Good and Bad

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at SMB Capital

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good place to get started

    Cons

    Not a good place to take on real risk and have a chance of making real money

    Advice to Management

    Their doing aright, its a tough business


  3. Helpful (1)

    Traders aren't profitable. CEO more interested in selling books than being a great trader.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in New York, NY
    Former Employee - Trader in New York, NY

    I worked at SMB Capital full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Good environment the traders are hungry, and intelligent management is just bad.

    Cons

    The founders trade with 100 shares and act as though they are the greatest things ever. They only give buying power to traders who adopt their profit losing strategies. This company is more interested in selling training programs and subscriptions than they are at doing anything else. If you ask management how much their traders made on average, what percentage of their desk is profitable, how much did the founders make trading in the last 5 years then just laugh.


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  5. Best 4 years of my life!!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in New York, NY
    Former Employee - Trader in New York, NY

    I worked at SMB Capital full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    amazing trader support. great training technology. amazing trading technology. Alot of downside risk, you can take on big positions with alot of risk. Great traders on the desk, very talkative desk all ideas are shared aloud. Coaching was amazing! Turned me into a solid consistently profitable trader! They will work closely with you and make sure you have all tools you need to succeed!

    Cons

    There are none. It is an amazing trading desk!


  6. Helpful (1)

    overhyped experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in New York, NY
    Former Employee - Trader in New York, NY

    I worked at SMB Capital full-time (More than a year)

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    --like minded young traders who will work hard with you --moved to Austin-based KTG from T3, which is a huge upgrade in broker dealers... better fees and technology --will learn how to scalp level II patterns... which is a double edged sword depending on what your personality as a trader is. i was a natural scalper so it was a + for me, i saw other traders who tried to imitiate and developed bad habits (harder to unlearn sh*t than to learn new things) when they were better off with a more conventional style

    Cons

    --50-50 split not worth it for a good trader... I get the biz of day trading, which is why I won't list "no gauranteed salary" as a con, but the split sucks and the technology+support does not make up for it, no matter how much they convince you otherwise --when i compare their "professional training program" to cheaper alternative education sites that a lot of retail traders use, i find it lacking... it's a sham to be selling this for $1000's of dollars when it hasn't been updated since 2009 most likely --best traders leave (like their former head trader GMan) --lack decent quant support in the NY branch (although you can contact people in Austin to help)

    Advice to Management

    trade better so you can guys have credibility amongst your traders teach traders how to scale into positions and assume risk, not just scalp everything (probably won't happen because from what I've seen, these guys are horrible at scaling into risk, they're always too heavy too early and squeezed out... every... single... time... never ceases to me amaze that they're supposedly 15+ year veterans)


  7. Great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at SMB Capital

    Pros

    ...for people committed to success at trading. But realize it will take time. Great traders willing to help you improve

    Cons

    No salary here, so anticipate that

    Advice to Management

    I'd consider re-structuring fees


  8. Training Firm... not Trading firm

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Equity Trader in New York, NY
    Former Employee - Equity Trader in New York, NY

    I worked at SMB Capital full-time (Less than a year)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Great place to learn the basics of trading and hone your skill. People were great to work with too since everyone likes what they're doing.

    Cons

    It's actually not a job. You put up money to be there and then hope you're good enough to make it back after they take their 50% cut. Once you're in the hole, almost impossible to get out.

    Advice to Management

    Have to figure out a way to keep your good traders.


  9. Know what you're getting yourself into!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at SMB Capital full-time

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Friendly group to work with, like to enjoy the night life together, helpful in training. Partners made butttloads in 90's tech bubble and '08, so making money isn't an issue.

    Cons

    It's all about the money. If you can't make it and you lose your account, you're done. Very intimidating fact if you having a hard time.

    Advice to Management

    Support your traders more or get rid of them. The prop business is fading away and you know it, that's why you're moving to become a training facility.


  10. Skip it

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Equity Trader in New York, NY
    Former Employee - Equity Trader in New York, NY

    I worked at SMB Capital

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Made some great friends. It was a great place to learn how the markets work. A good introduction to equity trading.

    Cons

    Not a place where management treats its employees fairly. Trading strategy does not work either. They need a new edge besides reading the tape.

    Advice to Management

    treat traders fairly. Develop new strategies because reading the tape is outdated and doesnt work. to many tricks with the programs.


  11. Helpful (2)

    Tough job, this place makes it a little tougher

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Equity Trader in New York, NY
    Current Employee - Equity Trader in New York, NY

    I have been working at SMB Capital

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Gives you a chance to trade the markets with firm capital Partners want you to succeed Nice people that work there a lot of freedom in what you do with your time

    Cons

    Lack of experienced traders trade a style with high transaction costs, and limited profit potential tight risk limits, and limited buying power confusing payout structure completely commission based pay

    Advice to Management

    need to modernize your approach to trading



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