Cache for Advisors | Tax-Efficient Stock Diversification for Your Clients

Welcome to Cache

Select your investor type

Investor\ \ You are an individual or entity investing your own capital. Advisor\ \ You are a financial intermediary representing clients you manage.

Mark sent you an exclusive invite to invest with Cache.

When you sign up for Cache using Mark's unique referral link, you both get $100,000 managed free for one year.

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Exchange funds, streamlined for the modern advisor.

Offer tax-efficient diversification to more of your clients.

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SEC Registered

Asset Custody at BNY Mellon

Secure & Private

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MSFT

10%

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Cache ExchanGe fund

We partner with sophisticated, fast-growing wealth advisors

We’re breaking down barriers

“Cache is a most welcome departure from traditional exchange funds and a perfect fit for clients looking for diversification, but want to maintain exposure to the growth sector.”

Jon Porter

‍CEO, Three Bell Capital

Jon Porter is not a direct client of Cache Advisors LLC, but collaborates with Cache Advisors LLC on behalf of their firm’s clients. This endorsement reflects a personal experience and does not guarantee results. The individual has a business relationship with Cache but was not compensated.

Faster diversification

Biweekly fund closes, instant matching, and automated onboarding.

Multiple fund options

Funds benchmarked to the Nasdaq-100, S&P 500, and S&P 500 Growth indices.

Broader availability

Open to both accredited investors and qualified purchasers with minimums starting at $100k.

Lower fees

Fees from 0.4% - 0.95%. Up to 20% discounts for advisory firms. No sales fee.

We’ve been featured in

"Investors with concentrated positions in single stocks—for example, employees at Silicon Valley firms who receive stocks and options as part of their compensation packages—may have a new option for achieving diversification."

WealthManagement.com

"Because [the Cache Exchange Fund] is indexed to the Nasdaq 100 rather than broader market indexes like the Russell 3000, it can absorb holdings from investors with those assets much more quickly."

Axios

"With the arrival of new entrants like San Francisco-based start-up Cache, founded by a former Uber executive, investors can take advantage of exchange funds with minimums of US$100,000 or more..."

Barrons

"Cache’s swap-fund offering enables participants to pool their stock holdings together, creating a more diversified collection of assets."

Bloomberg

WealthManagement.com

Axios

Barrons

"Cache’s swap-fund offering enables participants to pool their stock holdings together, creating a more diversified collection of assets."

Bloomberg

WealthManagement.com

Axios

Barrons

"Cache’s swap-fund offering enables participants to pool their stock holdings together, creating a more diversified collection of assets."

Bloomberg

About the Cache Exchange Fund

”Stockholders often find themselves deciding between diversification and tax efficiency. Our clients can have both by leveraging the Cache Exchange Fund.”

Michael Spector

Senior Wealth Advisor, Focus Partners

Michael Spector is not a direct client of Cache Advisors LLC, but collaborates with Cache Advisors LLC on behalf of their firm’s clients. This endorsement reflects a personal experience and does not guarantee results. The individual has a business relationship with Cache but was not compensated.

Portfolio

Marketable securities, plus a real estate investment

Benchmark Indices

Nasdaq-100, S&P 500,

S&P 500 Growth

Target Beta and Correlation

1.0

Holding period for tax advantages

7 years

What if I need to redeem earlier?

Investor qualifications

Accredited Investors for "Access" funds, and Qualified Purchasers for "Flagship" funds.

Holding period

All US-listed securities are eligible. Securities in the Nasdaq-100 and S&P 500 are highly desirable.

Tax-advantaged diversification

Contributions and redemptions don’t trigger taxable events under the current IRS code. Transform a high-risk single stock holding to a diversified portfolio without dragging down your client’s overall net worth.

Learn how it works

\ \ Understand the basics\ \ Exchange Fund 101](/content/companion/what-is-an-exchange-fund/index.html) \ \ GET INTO THE DETAILS\ \ How do exchange funds work?](/content/companion/how-exchange-funds-work/index.html)

See the difference

Let’s say you want to diversify $300K in stock. Doing it through an exchange fund defers tax liabilities, creating significant growth over time.

40.8%

potential incremental pre-tax gain with an exchange fund.

How does redemption affect my gains?

Try our simulator Replay

Exchange Fund

Capital Gain:$0

If you sell & invest

Capital Gain:$0

Start Point

At investment

AFTER 7 YEARS

Simulated results for illustrative purposes only. Assumes a tax status of married filing jointly in CA with a combined annual income of $600,000+. Effective capital gains tax rate: 34.75%. Initial cost basis: $50,000. Expected annual portfolio return: 10%. Investment Term: 7 years. The expected annual portfolio return of 10% is hypothetical, gross of fees, and used to illustrate the benefits of potential tax deferral.

Why investors, advisors, and executives turn to Cache to diversify

Advisor

Vishal Kumar

Managing Partner and Advisor at Twin Peaks Wealth

"Cache has quickly become the exchange fund of choice for our clients. Their innovative solutions have helped clients move to action on what is otherwise a great strategy in theory, but difficult to implement due to stock capacity constraints of other exchange funds."

"It's hard to argue with being able to diversify your position without having a huge tax bill up front."

Advisor

Ian Wymore

Principal at Compound Planning

"It's hard to argue with being able to diversify your position without having a huge tax bill up front."

Advisor

Alex Caswell

Wealth Planner at RHS Financial

"Before Cache, I'd never been able to get clients into an exchange fund. Cost and access have been the main challenges."

Advisor

John Porter

CEO at Three Bell Capital

"It’s a welcome departure from traditional exchange funds. Our clients can diversify concentrated positions and keep exposure to the growth sector."

Advisor

Ian Wymore

Principal and Senior Wealth Advisor, Compound

"Cache has been a great value add to my clients as it allows them to address the single stock risk, without needing to pay a large tax to do so."

Advisor

Eric Franklin, CFP®

Founder at Prospero Wealth and Early Amazon Employee

"Cache has broadened access to a product that has historically been exclusive, expensive, and unable to accept our client assets. It's a huge addition to our concentrated position playbook."

Advisor

Ralph Dryborough

Managing Partner, Fort Point Capital Partners

"Legacy providers are too expensive and solutions like Cache are leveling the playing field."

"The exchange fund concept itself, we think has a lot of merit and it's simply a matter of can you package it and deliver it in a better way. And we think Cache has done just that."

Advisor

Joshua Joffe, CFP

Founder & Principal Wealth Advisor, Ohr Private Wealth

"They've really built out a partnership for us. They've been willing to speak to our clients directly — we've even had them help out with some client events educating on concentrated stock risk."

Advisor

Dennis Bielik, CFA®, CFP®

Executive Vice President, HUB International

"Cache is a really well-received conversation starter, and a well-received tool."

Advisor

Steve Stroud

Senior Wealth Manager, Three Bell Capital

"Cache is a really well-received conversation starter, and a well-received tool."

Advisor

Eric Franklin, CFP®

Managing Principal at Prospero Wealth

Cache solves two key problems with exchange funds: 1) their Index Sync innovation removes constraints on participation for tech employees and 2) receiving an ETF in 7 years is way more elegant than the random hodgepodge of stocks chosen by the manager.

Advisor

Brad Morgan, CFP®

Principal Wealth Advisor at Savvy

"Cache has been great to work with so far, a more seamless and tech forward experience compared to other exchange funds I have used in the past."

"Cache offers a better exchange fund"

Advisor

Suhas Joshi

Lead Advisor, Prospero Wealth

"Cache offers a better exchange fund"

Advisor

Vishal Kumar

Managing Partner and Advisor at Twin Peaks Wealth

"It's hard to argue with being able to diversify your position without having a huge tax bill up front."

Advisor

Ian Wymore

Principal at Compound Planning

"It's hard to argue with being able to diversify your position without having a huge tax bill up front."

Advisor

Alex Caswell

Wealth Planner at RHS Financial

"Before Cache, I'd never been able to get clients into an exchange fund. Cost and access have been the main challenges."

Advisor

John Porter

CEO at Three Bell Capital

"It’s a welcome departure from traditional exchange funds. Our clients can diversify concentrated positions and keep exposure to the growth sector."

Advisor

Ian Wymore

Principal and Senior Wealth Advisor, Compound

"Cache has been a great value add to my clients as it allows them to address the single stock risk, without needing to pay a large tax to do so."

Advisor

Eric Franklin, CFP®

Founder at Prospero Wealth and Early Amazon Employee

Advisor

Ralph Dryborough

Managing Partner, Fort Point Capital Partners

"Legacy providers are too expensive and solutions like Cache are leveling the playing field."

Advisor

Joshua Joffe, CFP

Founder & Principal Wealth Advisor, Ohr Private Wealth

Advisor

Dennis Bielik, CFA®, CFP®

Executive Vice President, HUB International

"Cache is a really well-received conversation starter, and a well-received tool."

Advisor

Steve Stroud

Senior Wealth Manager, Three Bell Capital

"Cache is a really well-received conversation starter, and a well-received tool."

Advisor

Eric Franklin, CFP®

Managing Principal at Prospero Wealth

Advisor

Brad Morgan, CFP®

Principal Wealth Advisor at Savvy

"Cache has been great to work with so far, a more seamless and tech forward experience compared to other exchange funds I have used in the past."

"Cache offers a better exchange fund"

Advisor

Suhas Joshi

Lead Advisor, Prospero Wealth

"Cache offers a better exchange fund"

Advisor

Vishal Kumar

Managing Partner and Advisor at Twin Peaks Wealth

Cache does not pay for testimonials or endorsements

Testimonials provided by clients are from investors in the Cache Exchange Fund and may not be representative of the experiences of other customers. Endorsements are provided by Advisors who utilize Cache for their clients and may not be representative of the knowledge of other advisors. Testimonials or endorsements are no guarantee of future performance or success. No individuals were compensated for sharing their testimonials and endorsements with Cache. A conflict of interest exists in that the individuals have a business relationship with Cache.

Testimonials are provided by individuals identified as Clients above. Endorsements are provided by Advisors identified above. Advisors are not direct clients of Cache Advisors, LLC unless otherwise specified, but collaborate with Cache Advisors, LLC on behalf of their firm's clients. The testimonials and endorsements may not accurately represent the experiences of others, and there is no guarantee of future performance or success. A conflict of interest exists as the Advisors have a current business relationship with Cache. Neither Clients nor Advisors were compensated for these statements.

Super easy, for you and your clients

Breeze through streamlined onboarding

Our platform provides instant fund matching, bi-weekly closes, and automated onboarding process.

Schwab reporting

Our fund shares can be reported through Schwab with a data feed. For other custodians, you can use your existing performance reporting software.

Address your client’s entire portfolio

Most advisors manage little of their clients concentrated positions. We help you manage your client’s concentrated assets more effectively.

Receive wholesale discounts

Add more value by offering clients discounts below our retail rates. Your discounts increase as our partnership grows.

Exchange funds compared

What sets Cache apart is the minimum investment is just $100,000, and a benchmark to the Nasdaq-100.

Investors can achieve some tax loss harvesting by direct indexing, but that strategy takes time, and often, it’s difficult to find large offsets if the concentrated stock has appreciated by a lot.

Exchange Funds

Direct Indexing with tax-loss harvesting

Sell and Diversify

Tax efficiency

High

Low - Medium

Very low

Method of tax efficiency

No taxable event on contribution or redemption. Taxes are deferred until a sale of redeemed stocks.

Offset gains with ongoing investment losses (tax-loss harvesting).

Offset gains with existing investment losses (tax-loss harvesting).

Implicit Investment Tax Rate

0% (no tax on contribution or redemption)

Short-term gains (up to 54% in CA) and long-term gains (up to 37.1% in CA)

Liquidity timeline

Seven year investment period

Indeterminate

Immediate

Simplify exchange funds for your clients

1\ \ Explore availability 2\ \ Educate your clients 3\ \ Confirm and begin onboarding 4\ \ Receive ongoing reporting

1. Explore availability

Have specific clients in mind? Use our real-time fund matching to check availability instantly.

Check Availability

Explore availability

2. Educate your clients

After confirming availability, you can start discussing the benefits and risks of exchange funds with your clients. We offer detailed guides and calculators to support you throughout this process.

Educate your clients

3. Confirm and begin onboarding

Upon client approval, confirm their participation using our portal. Assist them with onboarding by pre-filling their details for final sign off. Once they sign, their shares will join the fund at the next closing.

Confirm and begin onboarding

4. Receive ongoing reporting

Your clients' exchange fund shares can be viewed in a Schwab account or through our advisor portal.

Receive ongoing reporting

Trustworthy by design

Vishal Kumar (Advisor)

Managing Partner and Advisor at Twin Peaks Wealth

Michael Spector is not a direct client of Cache Advisors LLC, but collaborates with Cache Advisors LLC on behalf of their firm’s clients. No compensation has been provided for sharing their opinion and experience with our firm.

Registered and regulated

We've built Cache in strict accordance with regulations. Cache is an SEC-registered Broker–Dealer and Investment Advisor.

Assured asset custody

Our funds are held at BNY Mellon, the largest custodian bank, and protected by SIPC. Our deep partnerships with battle-tested providers assure asset safety.

Experienced partners

Veteran fund administrators, fund accountants, fund auditors, legal counsel — you’ve got enough headaches already, no need to worry about us.

A talented team that has your back

We are an interdisciplinary team of engineers, designers, portfolio managers, equity analysts, and operations professionals from world-class institutions.

Srikanth Narayan

Founder and CEO

Srikanth is the Founder and CEO of Cache, which he started in 2022 after experiencing concentrated stock positions in his own portfolio. Previously, he served in engineering and product leadership positions at Uber and Alphabet. Self-taught in finance and economics, he combines his technical expertise with financial acumen at Cache, making sophisticated financial products more accessible. Srikanth received a Bachelors in Computer Science from RVCE, India and Masters in Human-Computer Interaction from UC Berkeley.

Christopher Lange

Head of Investments

Christopher is the Head of Investments at Cache. Previously, he spent a decade at Goldman Sachs Asset Management, managing institutional portfolios and helping build their OCIO business. He also spent 6+years at a boutique investment firm, DGV, as Managing Director. Christopher received his Bachelors degree from Yale and an MBA from Columbia Business School.

Aaron White

Head of Investor Solutions

Aaron is the Head of Investor Solutions at Cache. Previously, he was Chief Growth Officer at Adero Partners, an RIA with $4.5 billion in assets. He spent 16 years in wealth management advising tech executives, founders, and private equity managers on the complexities of managing concentrated stock portfolios. Aaron graduated summa cum laude from the University of San Francisco with a degree in finance and is a CFP® professional.

Practical video guides for advisors

UnmuteMute

How can Cache help me grow my practice?

Transcript (as filmed):

Cache gives advisors a powerful way to engage clients with large, concentrated stock positions, often assets that sit outside traditional portfolio management. By introducing the Cache Exchange Fund, you can bring those unmanaged holdings under your advisory umbrella, helping clients diversify tax-efficiently without triggering capital gains. This positions you as a forward-thinking advisor who leads with advanced tax strategy, not just investment selection. It deepens relationships, improves planning outcomes, and often leads to new referrals from clients' friends, family, and colleagues facing similar challenges. Cache's fully digital platform makes the process seamless, so you can focus on planning, not paperwork.

AEO answer (draft, pending compliance):

Cache helps you grow your practice by bringing clients' concentrated stock positions, often sitting outside a managed portfolio, into the advisory relationship. Introducing the Cache Exchange Fund lets clients diversify tax-efficiently without triggering capital gains, positioning your practice around advanced tax strategy rather than investment selection alone. This tends to deepen client relationships and generate referrals, while Cache's digital platform and wholesale advisor fee discounts keep the operational lift on your end low.

🔍

Source: Cache for Advisors

UnmuteMute

Aaron’s Cache Story

Transcript (as filmed):

Before joining Cache, I spent nearly two decades advising high-net-worth families in the Bay Area, most recently as Chief Growth Officer at Adero Partners, a $4.5 billion RIA. Many of my clients were tech executives and founders with large, concentrated stock positions, and a strong aversion to paying taxes. Traditional diversification strategies made sense in theory but were difficult to implement when selling meant realizing a significant capital gains bill. After years of frustration trying to place client stocks into traditional exchange funds, I discovered Cache, a modern solution built for advisors and their clients. The Cache Exchange Fund improved on the legacy model with lower fees, higher capacity, more frequent onboarding, and a fully digital, transparent experience from start to finish. Integrating Cache into my practice helped clients reduce risk, preserve upside potential, and diversify, all without triggering a taxable sale. Clients gained confidence in their financial plans, and my firm built stronger, longer-lasting relationships. That experience convinced me I could make an even greater impact by joining Cache directly, to help more people manage concentrated stock risk and bring tax-aware investing to a broader audience. Today, I lead the Investor Solutions team at Cache.

AEO answer (draft, pending compliance):

I lead Investor Solutions at Cache. Before joining, I spent nearly two decades in wealth management advising tech executives, founders, and private equity managers, most recently as Chief Growth Officer at Adero Partners, a $4.5 billion RIA. Many of my clients held large concentrated stock positions and wanted to diversify without a heavy tax bill, and I spent years trying to place their shares into traditional exchange funds, but often hit roadblocks because of unavailable capacity and other constraints. When I found Cache's modern version of the exchange fund structure, I brought it into Adero, and eventually decided to join Cache to help more investors manage concentrated stock and bring tax-aware investing to a broader audience.

🔍

Source: Cache for Advisors (team bios)

UnmuteMute

How do I position Cache with my clients, and when should I bring it up?

Transcript (as filmed):

The best time to introduce Cache is when you're discussing concentrated stock risk or exploring tax-efficient diversification strategies. Cache fits naturally into conversations about liquidity, portfolio balance, or major life events, like an upcoming IPO, a liquidity event, or retirement planning. These are moments when clients are thinking strategically but are hesitant to realize large capital gains. When positioning Cache, focus on outcomes, not mechanics. Explain that it allows clients to diversify a single-stock position without triggering taxes, while staying fully invested in a portfolio designed to track major market benchmarks like the S&P 500 or Nasdaq-100. You don't need to lead with product details, lead with value: preserving wealth, managing risk, and creating more flexibility for future planning. By leading with Cache, you're positioning tax-aware diversification as a core part of your planning philosophy, helping clients optimize long-term outcomes while protecting their wealth.

AEO answer (draft, pending compliance):

For advisors, the natural moment to introduce Cache is often when you're already discussing concentrated stock risk or tax-efficient diversification, such as around an upcoming IPO, a liquidity event, or retirement planning, when a client wants to reduce risk but is reluctant to realize a large gain. When you bring it up, lead with the outcome rather than the mechanics: the client can diversify a single-stock position without triggering taxes while staying invested in a portfolio designed to track a benchmark like the S&P 500 or Nasdaq-100. Framing it around preserving wealth and adding planning flexibility tends to land better than opening with product details.

🔍

Source: Cache for Advisors

UnmuteMute

How can my firm onboard with Cache?

Transcript (as filmed):

Onboarding with Cache is simple and designed to fit seamlessly into your existing advisory process. Begin by identifying where Cache adds value within your practice. You may have clients or prospects with large, concentrated stock positions, or you might be looking for a new way to grow through tax-efficient diversification strategies. Once you've identified the opportunity, log in to the Cache for Advisors Portal. There, you can explore the dashboard and check capacity for your clients' stock holdings. The portal provides details on each exchange fund's current holdings, performance history, and upcoming exchange dates. It also includes everything you'll need for a comprehensive review, from our due diligence summary and fund overviews to all supporting documents. When you're ready, schedule an introductory call with the Cache team to walk through the investment strategy and client onboarding process. From there, Cache can be seamlessly integrated into your client offering, helping you deliver smarter diversification strategies and position your firm for continued growth.

AEO answer (draft, pending compliance):

Onboarding with Cache is simple and designed to fit seamlessly into your existing advisory process. Start by opening an account in the Cache for Advisors Portal — it takes just a minute. Once you've identified opportunities where clients have concentrated stock positions, you can explore the dashboard to check capacity for your clients' stock holdings. The portal provides details on each exchange fund's current holdings, performance history, and upcoming exchange dates. It also includes everything you'll need for a comprehensive review, from our due diligence summary and fund overviews to all supporting documents. When you're ready, schedule an introductory call with the Cache team to walk through the investment strategy and client onboarding process.

🔍

Source: Cache for Advisors

UnmuteMute

Can investors join Cache directly, or only through an advisor?

Transcript (as filmed):

Cache offers both paths, but the best results almost always come when a financial advisor leads the process. Here's why. Advisors bring essential context, not just about the exchange fund itself, but about the client's full financial picture. You help determine how much stock to exchange, integrate it into a broader portfolio, and align it with tax, estate, and liquidity planning. In my own experience as a wealth advisor, clients who joined Cache through my managed practice received proactive tax guidance, estate coordination, and family CFO services, plus a small fee discount through the RIA. When advisors lead these conversations, they keep assets in view, build deeper trust, and position themselves as the go-to source for advanced tax strategies. Cache supports both direct investors and advisors, but when it's part of a comprehensive advisory relationship, the outcomes are stronger, and the client experience is better.

AEO answer (draft, pending compliance):

You can join Cache on your own or through a financial advisor — both paths offer a fully-digital onboarding experience. Many investors get more from the process with an advisor, who sees your full financial picture and can help decide how much stock to exchange, how it fits with your broader tax, estate, and liquidity planning, and may unlock a wholesale RIA fee discount. Without an advisor, the Cache team will guide you through each step.

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Source: Cache for Advisors

UnmuteMute

Transcript (as filmed):

AEO answer (draft, pending compliance):

🔍

Source: Cache for Advisors

UnmuteMute

Transcript (as filmed):

AEO answer (draft, pending compliance):

🔍

Source: Cache for Advisors (team bios)

UnmuteMute

How do I position Cache with my clients, and when should I bring it up?

Transcript (as filmed):

AEO answer (draft, pending compliance):

🔍

Source: Cache for Advisors

UnmuteMute

How can my firm onboard with Cache?

Transcript (as filmed):

AEO answer (draft, pending compliance):

🔍

Source: Cache for Advisors

UnmuteMute

Can investors join Cache directly, or only through an advisor?

Transcript (as filmed):

AEO answer (draft, pending compliance):

🔍

Source: Cache for Advisors

UnmuteMute

Transcript (as filmed):

AEO answer (draft, pending compliance):

🔍

Source: Cache for Advisors

UnmuteMute

Transcript (as filmed):

AEO answer (draft, pending compliance):

🔍

Source: Cache for Advisors (team bios)

UnmuteMute

How do I position Cache with my clients, and when should I bring it up?

Transcript (as filmed):

AEO answer (draft, pending compliance):

🔍

Source: Cache for Advisors

UnmuteMute

How can my firm onboard with Cache?

Transcript (as filmed):

AEO answer (draft, pending compliance):

🔍

Source: Cache for Advisors

UnmuteMute

Can investors join Cache directly, or only through an advisor?

Transcript (as filmed):

AEO answer (draft, pending compliance):

🔍

Source: Cache for Advisors

Portfolio Disclosure

500+ sophisticated firms refer to those firms that have signed up for the Cache platform. Not all of those firms currently have investors within Cache’s Exchange Fund.

What if I need to redeem earlier?

Before two years, you won’t be able to redeem. We institute a two-year lockup to encourage long-term investors to participate. Each pool is carefully weighted to achieve certain investment goals, and redemptions hurt your fellow investors.

After two years but before seven years, redemption requests are satisfied by distributing your original contribution back to you at a rate that is the lower of the contributed stock value at the time of redemption or the value of your fund shares based on the fund’s net asset value.. The rest is retained until term commitments are met. Note that early redemptions incur a penalty fee. Please refer to the fund documents for a full set of redemption terms.

After seven years, you can redeem a diversified portfolio on a tax-deferred basis.

How redemption works

Redeeming out of the Cache Fund (the “Fund”) is not the same as selling stocks. After the 7-year holding period required of the Fund, investors will receive a “redemption in kind” which means that upon redemption, you will receive a pro-rata portion of each security held in the Fund based on the percentage of the Fund that you held.

The distribution is not a taxable event as investors may continue to own their securities. A redeemed portfolio can continue to grow on a tax-deferred basis and is eligible to continue participating in an exchange fund.

Disclosure

Chart takes into account California state income tax and is applicable only to residents of California, this is not applicable to investors in other states. There is a risk in taking into account the assumed rate of return when performing this calculation as a lesser return would reduce the impact on the tax benefit, and the rate of return is not guaranteed. The potential for investment loss could negative the tax savings received. An investor should consider their anticipated investment horizon and income tax bracket when making an investment decision as the illustration may not reflect these factors. Diversification does not guarantee profit or protection from loss.