01
A founder
Your company is approaching a liquidity event and the personal side of the plan is still fuzzy.
A planning window for concentrated wealth
Before Schwab’s custody-minimum
window gets smaller.
Charles Schwab’s eligible long/short custody minimum is changing from $1M to $10M on September 15, 2026 and Fidelity has closed off access.
If your wealth is tied to one company, now is a sensible time to understand your options.
Rooted in
San Francisco · Independent advice
A straightforward first step
One Google Meet. Thirty minutes. No pitch deck.
September 15, 2026Custody minimum changing•Eligible long/short accounts•Plan before the policy changes• September 15, 2026Custody minimum changing•Eligible long/short accounts•Plan before the policy changes•
01 / The moment
A policy change can become a planning prompt.
The announced change matters most if you have a meaningful account today—or may benefit from one soon. That includes founders, early employees, and investors navigating a liquidity event.
This is not a reason to force a transaction. It is a reason to make the choices visible: what a concentrated position is costing you, which levers are available, and what needs to happen before the calendar does the deciding for you.
$1M → $10M
Announced custody minimum shift for eligible long/short accounts.
30 MINUTES
A focused first Google Meet to see if planning now is relevant.
02 / Is this you?
The stock did well.
Now what?
You do not need a tidy balance sheet to start. You need a position that has become too important to leave to default decisions.
02
An early employee
RSUs or options have turned future compensation into a very real concentration.
03
An early investor
A private or public position is now shaping decisions far beyond your portfolio.
04
A thoughtful seller
You want to diversify without creating an avoidable tax surprise.
03 / The false choice
You do not have to choose between holding forever and selling everything.
A concentrated position can be managed in stages. The useful question is not simply “sell or hold?” It is which mix of timing, tax lots, charitable giving, hedging, and diversification fits your actual life.
Default 01
Hold forever
Keeps the upside, but leaves one company carrying more of your future than you may intend.
Default 02
Sell everything
Creates a clean break, but may create taxes, timing pressure, and regret you did not need to accept.
04 / A broader toolkit
Tax-aware does not mean product-first.
The right plan may use one tool or several. It should begin with your basis, timeline, liquidity needs, and what “enough” looks like for you.
01
Stage
Sell in deliberate steps instead of turning one decision into a single market moment.
02
Index
Use broader exposure and direct indexing where it may support diversification and tax management.
03
Give
Consider charitable strategies when they align with your values, goals, and tax picture.
04
Protect
Explore downside protection or long/short approaches only when the risks and costs fit.
05 / One possible path
Make the tradeoffs visible.
A planning session on Google Meet can show how a position might move from concentrated to more durable without pretending there is one universal answer.
01
Concentrated
One position drives too much of the outcome.
02
Coordinate
Tax lots, timing, losses, and liquidity become one plan.
03
Diversified
Risk is broadened in a way that serves the rest of your life.
Illustrative planning framework only. Not a forecast, recommendation, or guarantee of tax results.
06 / The playbook
Five verbs.
One less reactive plan.
We start with what your position needs to do for your life—not with a product menu.
01
Exclude
Screen out names or sectors that do not fit your values or your existing exposure.
02
Defer
Use timing, tax lots, and charitable planning to avoid making every decision at once.
03
Offset
Pair gains with losses intentionally. Volatility can create tax efficiency when managed with care.
04
Hedge
Explore downside protection when the risk of concentration is greater than the desire to sell.
05
Diversify
Build a plan that turns one company’s outcome into a broader, more durable financial life.
A different lens on volatility
Market movement is uncomfortable. It can also create tax-loss harvesting opportunities when the plan is designed before the move.
A local point of view
Complexity is easier to navigate when the advice feels close to home.
07 / The deadline
A $1M planning window is scheduled to become a $10M window.
Charles Schwab’s announced change is scheduled for September 15, 2026. Eligibility, suitability, and timing still depend on your circumstances. The deadline is a reason to understand the options, not to rush into one.
08 / How we work
Clear enough
to act on.
01
Listen
We learn what the position means to you, including the parts no spreadsheet captures.
02
Map
We surface tax lots, timing, liquidity, downside, and the decisions hiding behind the deadline.
03
Move
You leave with a short list of next actions—or a clear reason to wait.
We coordinate with your tax and legal professionals where needed. The point is an integrated decision, not an isolated investment answer.
09 / Good questions
A little more clarity.
No question is too early. Most are easier to answer before a deadline.
Charles Schwab has announced that the custody minimum for eligible long/short accounts will move from $1 million to $10 million. If you may benefit from a $1M+ account, the planning window is worth understanding before that date.
The next move
Make the deadline
useful.
Book a 30-minute Google Meet. Bring your questions, your rough numbers, or just the feeling that it is time to look more closely.
Google Meet, 30 minutes No obligation Independent guidance