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Case study

Prospero Wealth helps tech clients diversify with Cache Exchange Funds

Suhas Joshi
Lead Advisor at Prospero Wealth

Watch case study](/content/case-studies/prospero-wealth#/index.html)

Prospero Wealth
Website
prosperowealth.com

Serving
Tech Employees and Executives

Assets under management

Location
Seattle

A modern solution for an age-old problem.

Suhas Joshi, Lead Advisor at Prospero Wealth, works with clients who often hold concentrated stock positions—whether they intend to or not. It’s a challenge he understands firsthand after his own stock-based compensation exposed him to concentration risk during stints at Facebook and Stripe.

"I did actively diversify, but there were periods where I got busy and suddenly the stock price went from $30 to $90… And now I'm trying to optimize taxes, and I found myself with almost 20% of my net worth in a single stock."

To help clients with highly appreciated stocks manage risk more tax efficiently, he turned to Cache. Watch his story here, or read on for a detailed look at Cache for Advisors gives Prospero’s tech clients a new way to diversify their portfolios:

Cache Exchange Fund Review - Suhas Joshi from Prospero Wealth - YouTube

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Watch on YouTube

Helping clients take control of concentration risk

Prospero Wealth offers clients the prospect of “navigating tomorrow while prospering today.” Whether it’s minimizing risk, optimizing taxes, or preserving future growth, The Cache Exchange Fund helps Joshi deliver on that promise – and it helps clients avoid the hold-or-sell dilemma Joshi faced when he was a tech employee.

Cache has become the firm’s go-to exchange fund solution for managing concentrated positions:

"The fact that it's, in most cases, a better exchange fund and the better product side makes it really the thing I find myself recommending more often than not."

If you’d like to see how Cache can help your firm, set up a time to talk or enter some basic information to see if an allocation is available.

A better exchange fund for tech clients

Here’s what sets Cache apart:

• Wider Acceptance of Positions:
  “Not all exchange funds can take all positions, but Cache has been the one which has been more able to accept our clients’ positions.” By using the Nasdaq-100 as a benchmark, Cache has more room for high-growth names.
• Access for Non-Qualified Purchasers:
  “Not all of our clients are qualified purchasers. Cache accepts clients who are not qualified purchasers, which is huge.”
• Lower Costs and Minimums:
  “Cache has been clearly the more economical choice in terms of management fees… and Cache has some of the lower contribution minimums. Advisors can make Cache available to their clients, as an accessible and cost-effective option.
• A Modern Product Experience:
  “Cache has just a much better interface for us as advisors, for our clients. We can do a lot of self-serve onboarding.” And the ability to check for a match instantly streamlines the discovery process.
• Exceptional Support:
  “I've been really impressed with the team. The team has been super accessible to us, very responsive to our comments and feedback, and they're constantly improving the product experience side of things.”

(For a primer on exchange funds, see our exchange funds 101 article. We also have a much deeper dive here.)

The Advisor's Guide to Exchange Funds

Detailed Exchange Fund overview
Hypothetical projections
Cache FAQs

A better way to diversify your stocks without a giant tax bill

Over $100k in a single stock?
The Cache Exchange Fund can help.
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