Cache

Cache offers a digital-first, direct-to-shareholder model, removing the traditional private-wealth adviser intermediary. The platform publishes transparent fee structures and operates with lower investment minimums — typically $1M — compared to institutional exchange funds that have historically been reserved for ultra-high-net-worth individuals (per the firm). The underlying exchange fund pools concentrated single-stock contributions and distributes diversified portfolio shares after a seven-year holding period.

Cache discloses that its exchange fund carries no upfront fee and advertises a low-cost structure relative to traditional providers, but specific fee percentages are not published on the public website. Clients invest 100% of pre-tax dollars through stock contribution, and the firm highlights transparent pricing as a core differentiator (per the firm). Exact management fees and expense ratios would require direct inquiry.

Exchange fund assets are custodied at BNY Mellon, while long/short strategy assets are held at Charles Schwab. Positions are protected by SIPC insurance up to $500,000 in securities and the custodians carry additional private insurance (per the firm). Cache itself does not hold client assets, keeping them segregated at regulated third-party custodians.

Cache accepts contributions from shareholders of over 500 companies, but the platform periodically announces capacity constraints for stocks that are over-concentrated within the exchange fund. The “Aperture” mechanism — a coordinated quarterly close — is designed specifically to expand acceptance windows for hard-to-place names (per Cache, July 2025). Investors with priority stocks may receive higher fee-waiver incentives during those windows.

Yes. Cache also markets long/short hedging strategies and a collar advance product for shareholders seeking to manage downside risk on concentrated positions without immediately selling. However, the exchange fund remains the core flagship product and the primary source of platform assets (per the firm).