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 set up a brokerage account in your name with Cache.
Transfer of Shares: Once the account is established, shares can be transferred from the current brokerage (e.g., Fidelity) to Cache. This transfer is facilitated through standard automated brokerage transfer processes such as ACATS if initiated on the Cache platform, or DTC transfers 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 absorbed 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.