Silicon Valley Business Journal: Startup Cache helps those with too much of their wealth in one stock

Adero Partners was recently featured in the Silicon Valley Business Journal.

“Startup Cache is helping those with a nice problem to have: They’ve done so well amassing shares in their employers or a stake in a company that’s soared in value — so much so that it represents an extreme percentage of their wealth.

The San Francisco company helps clients exchange or swap concentrated holdings, tax-free, into a communal fund that represents a far more diversified portfolio.

“Concentrated stock positions are a very common problem, especially in Silicon Valley, because a higher percentage of employees’ annual income is in stock,” said Srikanth Narayan, founder and CEO of Cache, who knows of the challenge firsthand as a former engineer at Uber.”

Cache is working with several money management firms, including Pleasanton-based Adero Partners, since the startup’s services are appealing to those doing estate planning, reported.”

The material provided is for informational and educational purposes only. Adero Partners does not validate material not produced by Adero Partners; sources are cited and links provided. Any opinions expressed do not directly reflect those of Adero Partners. This material does not represent advice, a recommendation or solicitation to buy or sell any specific securities or investment. Adero Partners is an advisory firm registered with the Securities and Exchange Commission (“SEC”). SEC registration does not imply a certain level of skill or expertise.

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