After you receive an invitation to join the Cache Exchange Fund, the process to transfer shares from other brokerages to the fund typically involves the following steps:
Account Setup: You or your advisor will open a brokerage account in your name with Cache. You may also hold title in the name of your revocable trust or another entity you control.
Transfer of Shares: Once the account is established, shares can be transferred from the current brokerage (e.g., Schwab, Fidelity, e-Trade) to Cache. This transfer is facilitated through standard automated brokerage transfer processes using ACATS if initiated on the Cache platform, or DTC Transfer if initiated on counterparty brokerage.
Fund Signoff: Before the close date, you’ll sign off on the subscription documents and confirm your intention to participate in the fund.
Fund Close Date: On the fund's closing date, post market close, your shares are automatically accepted into the fund.
This streamlined process is designed to be efficient and completely automated, minimizing the need for extensive paperwork and manual intervention.
See a more detailed look at the entire allocation and subscription process.