Concentrated Stock Suite
Concentrated stock, managed.
One position. Every viable path forward.
The asset that created your client’s wealth may now be the hardest asset in the portfolio. Taxes make selling expensive. Employer policies may bar hedging. Liquidity needs compete with upside. And doing nothing leaves substantial wealth exposed to one company — while the position, unsolved, often keeps the rest of the relationship somewhere else.
YAM helps advisors solve that one position — without taking the client, the custody, or the rest of the portfolio.
We don’t start with a trade. We start with the position — and two questions: What does the client want? What is the client allowed to do?
Transition
Tax-funded solutions for concentrated stock. Move out of the position on a schedule, with the structure generating the economics that carry the tax cost.
VOLT™ Accelerate
Exit the position tax-aware, on a schedule.
A systematic unwind where option income generated alongside the position offsets the tax cost of the sales. Illustrative; tax outcomes are client-specific.
low-basis founder stock → systematic diversification funded by option income
Read more →VOLT™ Diversify Now
Diversify now. Sell later, on the client’s own schedule.
A floor on the position, then cash drawn against that floor — sized to the after-tax floor rather than the dealer’s 80–90%. The client diversifies today; the sale, and its tax, happen on their timetable. A prepaid forward pays more cash today; we say so.
$17M position → ~$10M of liquidity, protection intact
Read more →VOLT™ Proxy EFR™
Diversify when issuer policy bars hedging the stock itself.
A collar on a permitted proxy floors the position while it migrates out, with sales funded by the collar’s own output.
restricted company stock → protected on the way out, via permitted proxy exposure
Read more →Protect & Monetize
Tax-aware strategies for employee stock options and concentrated stock. Keep the position and the grants, cut the single-name risk, and put the option book to work.
Financing
Portfolio-level borrowing, managed so that the loan does not turn into a margin problem.
Box-Spread Borrowing
Borrow against portfolio margin capacity — managed so it does not become a margin problem.
Exchange-cleared SPX box spreads convert portfolio margin capacity into cash near institutional rates. The box is the commodity part. How the portfolio, the collateral and the headroom are managed around it is not. YAM is not a lender; we help clients access and manage liquidity.
~$10M raised near a 4% all-in rate — no bank, no covenants
Read more →Two pillars. One decision process.
Managed, not merely executed: after day one we evaluate the option book continuously — rolls, monetization, maturities, upside participation, collateral, transition.
Customized per client
Built to help advisors win the concentrated-wealth client
Solve the position others can’t
A desk prices a collar. We answer what the client should actually do — protection, income, liquidity, diversification and exit under one mandate, instrument-agnostic.
Move while the opportunity is live
Position-specific analysis and an executable proposal in days, digital end to end.
Manage it after the trade
PLASMA™, built by our sister firm, continuously supports pricing, monitoring and rolling. A portfolio manager decides, authorizes and records the reasoning.
Keep the relationship
Your client. Your custodian. Your portfolio. YAM manages only the mandate you give us — one Master Subadvisory Agreement, one Addendum per strategy, live on Schwab Advisor Services.
Show your value
Performance reporting on the mandate — every roll, monetization and outcome recorded and reported, so your client sees in dollars what your decision delivered.
Sometimes the right answer is simply to sell. We’ll tell you when it is.
Who runs it
Between ten and twenty-five years of options experience apiece — Deutsche Bank, Credit Suisse QIS, AssetMark, Schwab Asset Management — backed by our sister firm’s PLASMA™ engineering team.
Meet the team →See it live
VOLT™ names the strategies where our options framework is doing something distinctive around the position — including generating the economics that carry the tax cost of a transition. PLASMA™ is the investment technology platform that supports pricing, monitoring and rolling.
Solve the position others can’t.
One Master Subadvisory Agreement, one Addendum per strategy, live on Schwab Advisor Services. YAM manages only the mandate you give us.
Partner with us →Yayati Asset Management, LLC is a state-registered investment adviser. This material is for investment advisers only; it is illustrative, not an offer, and not tax or legal advice. Examples are drawn from priced proposals, not engagements; figures are indicative as of their run dates and tax outcomes are client-specific. Options involve substantial risk and are not suitable for all investors — read “Characteristics and Risks of Standardized Options.” “Zero cost” means zero net option premium; transaction costs and advisory fees are separate and disclosed. Hedges on correlated funds carry basis risk: fund and stock can diverge. Employee stock options are issuer-governed; monetization is subject to plan terms. Liquidity strategies involve margin and financing risk, and terms depend on the custodian. PLASMA™ is an investment technology platform operated by Yayati LLC; it is not an investment adviser.