Welcome to Cache
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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
Member SIPC
Secure & Private
$MSFT

Join 100+ sophisticated, fast-growing wealth advisors that want to do more for their clients.

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. No compensation has been provided for sharing their opinion and experience with our firm.

Faster diversification

Biweekly fund closes, instant matching, and automated onboarding.

Growth exposure

Nasdaq-100 benchmark offers more capacity for high-growth stocks. Use alongside other strategies.

Broader availability

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

Lower fees

Fees from 0.5% - 0.95%. Up to 30% 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

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.”

Aaron White
‍Chief Growth Officer, Adero Partners

Aaron White 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.

$AAPL
$AAPL
10%
$GOOG
$GOOG
8%
$CSCO
$CSCO
7%
$AVGO
$AVGO
7%
$AMZN
$AMZN
8%
MSFT
MSFT
10%
$TSLA
$TSLA
7%
$META
$META
7%
$NVDA
$NVDA
7%
$NFLX
$NFLX
4%
$ADBE
$ADBE
4%
$INTC
$INTC
4%
$v
$V
4%
$qcom
$qcom
4%
$intu
$intu
4%
$ebay
$ebay
4%
$pypl
$pypl
2%
$crm
$crm
2%
$uber
$uber
1%
$ABNB
$ABNB
1
$snap
$snap
1%
$SNOW
$SNOW
1%
$VEEV
$VEEV
1%
$BKNG
$BKNG
1%
$WDAY
$WDAY
1%
Cache ExchanGe fund

Any securities shown either by name or by symbol are not to be construed as investments the Fund may make. The information shown is strictly for illustrative purposes and is not intended to be a recommendation to buy or sell these securities.

Portfolio

60 to 80 securities, plus a real estate investment

Benchmark Index

Nasdaq-100

Target Beta and Correlation

1.0

Holding period for tax advantages

7 years

What if I need to redeem earlier?

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.

Investor qualifications

Accredited Investors for "Access" funds.
Qualified Purchasers for "Select" funds.

Holding period

All US-listed securities are eligible. Securities in the NASDAQ-100 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
GET INTO THE DETAILS
How do exchange funds work?

See why advisors choose Cache

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.

Ian Wymore

Principal and Senior Wealth Advisor, Compound

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

Ralph Dryborough

Managing Partner, Fort Point Capital Partners

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

Alex Caswell

Wealth Planner at RHS Financial

Representatives of the firms above are not direct clients of Cache Advisors LLC, but collaborate with Cache Advisors LLC on behalf of the firm’s clients. No compensation has been provided for sharing their opinion and experience with our firm.

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?

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.

Try our simulatorReplay

Exchange Fund

$0
Capital Gain:$0
Initial Investment:$0

If you sell & invest

$0
Capital Gain:$0
Initial Investment:$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.

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 negatie 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.

The Advisor's Guide to Exchange Funds

Detailed Exchange Fund overview
Hypothetical projections
Cache FAQs
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Super easy, for you and your clients

Breeze through streamlined onboarding

Our platform provides instant fund matching, monthly closes, and automated onboarding process.

Use your existing custodian

Our fund shares can be onboarded on to Schwab, Pershing, and other major custodians. Receive monthly updates on your custodian or on the Cache platform.

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)

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

Liquidity timeline

Seven years investment period

Indeterminate

Immediate

Simplify exchange funds for your clients

1

Explore availability OR Schedule an intro call

2

Educate your clients

3

Confirm and begin onboarding

4

Receive ongoing reporting

1. Explore availability OR Schedule an intro call

Have specific clients in mind? Use our real-time fund matching to check availability instantly. We’ll reach out to help you. Or, you can book a 30-minute introductory call to understand how our exchange fund operates.

Speak with us
Check 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.

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.

4. Receive ongoing reporting

Your clients' exchange fund shares can be held at your custodian of choice; we partner with all the major ones. You'll receive monthly reports and in-depth analysis from our Investments team.

Want to learn more?

Trustworthy by design

”I connected with Cache early last fall and had some initial conversations, completed a review and we were really impressed with what we saw.”

Aaron White speaking with WealthManagement.com
Chief Growth Officer, Adero Partners

Aaron White 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 founded Cache in early 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 obtained a Series 65. Srikanth received in Bachelors in Computer Science from RVCE, India and Masters in Human-Computer Interaction from UC Berkeley.

Christopher
Lange

Head of Investments

Christopher joined Cache in early 2023 as the Head of Investments. 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.

Michael Allison,
CFA, CFP®

Investments Strategist

Michael joined Cache in fall 2023 as Investments Strategist. He’s worked as an investment professional for over three decades, including 20+ years at Eaton Vance, where he served as the Director of Equity Strategy, and helped build the industry-leading exchange fund franchise, as well as an equity option income franchise. He graduated from the University of Denver.

Help clients with tax-efficient diversification.

We make it faster and easier for your clients to access exchange funds.

Start with a quick intro call

Ready to get started?

Check Availability

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.