Cache has grown rapidly since launch and, as of December 2025, manages over $1B in platform assets. The business is operating sustainably and is well-positioned to continue serving clients for the long term. That said, Cache was intentionally structured with multiple safeguards designed to protect investors even in the unlikely event that the company encounters financial difficulty.
Regulatory structure and protections
Cache Securities LLC is an SEC-registered broker-dealer and a member of FINRA. Cache Advisors LLC is an SEC-registered investment adviser that serves as advisor to our exchange funds. Both are wholly owned subsidiaries of Cache Financials Inc. Brokerage assets receive SIPC coverage of up to $500,000 for securities and $250,000 for cash, and there are well-defined regulatory procedures that govern any potential dissolution.
Asset custody, segregation and audit
None of the Cache entities hold client assets. Each exchange fund is custodied at a global bank, BNY Mellon, the largest custodian bank globally. Brokerage assets are custodied at Apex, a leading provider of brokerage infrastructure to hundreds of fintech firms.
Each fund is administered by a leading independent third-party fund administrator. This independent structure ensures oversight on fund accounting.
Each fund goes through a full financial audit with an independent auditor (BDO - a Top 5 Global Audit Firm).
Owned by Investors
Each exchange fund is a separate legal entity owned by its investors. Cache maintains little to no ownership in the funds themselves, and the funds do not fall into our corporate structure.
If Cache were no longer viable
Our structure allows for a clear and orderly transition that prioritizes investor continuity:
Cache Advisors LLC could continue operating as a lean entity, with advisory fees from the funds sufficient to support ongoing obligations.
Investors have the right to appoint a replacement investment adviser. Because each fund generates its own revenue, a qualified advisor can step in without disrupting fund operations.
The independent fund administrator would oversee the transition and ensure normal fund operations continue throughout the process.
Our governing documents are designed with investor protection in mind and explicitly address these transition scenarios, providing safeguards that go beyond typical market standards.
Learn a little more about our approach to protecting our clients' investments.