Jacob Rieger didn’t plan to spend his first months at Vaultis Private Wealth doing deep-dive due diligence on dozens of TAMP platforms. The plan, originally, was simpler: Leave UBS after a decade in the wirehouse world; join his partner, Keith Kohout, at Vaultis; and build on the infrastructure already in place. Kohout had a long-standing relationship with a legacy TAMP. Everyone was comfortable. Then, that company sold its TAMP business—and suddenly, comfort wasn’t an option anymore.
“It was a complete let’s step back and retool,” says Rieger, now CIO at Vaultis. What followed was a months-long evaluation sprint: dozens of interviews, platform demos, and side-by-side comparisons of money managers and technology providers across the country. One of the firms on the list was CacheTech Advisor Solutions, run by CEO and CIO Cormac Murphy. Built by experienced advisors for advisors, CacheTech combines portfolio management technology with a dedicated investment and operations team—the idea being that advisors shouldn’t have to choose between good software and good support. Vaultis signed on, and it’s been a year and a half since. Neither side is looking back.
Starting from Zero—and Why That Helped
One underrated advantage Rieger brought to the evaluation process was a complete lack of preconceived notions. Coming straight from the wirehouse, he’d never navigated the independent RIA ecosystem before. Kohout had more context, having established Vaultis, but he also carried attachment to what had already felt familiar. Rieger had no such loyalty to any particular platform or institution.
“I came in from ground zero, but that meant I didn’t have any biases for one platform or another,” Rieger explains. “I was able to learn—here’s how CacheTech operates; here’s how their competitors operate.”
What emerged from that blank-slate approach was a clearer sense of what differentiates one platform from another—and what doesn’t. Many TAMPs offer enormous menus of investment strategies, dozens of money managers, multiple versions of the same approach or style. On paper, more choice sounds like an advantage. In practice, Rieger found the opposite. “There were 10 different growth U.S. strategies and all different money managers,” he says. “And at the end of the day, they probably had 90% overlap. Just having 1,000 different choices didn’t make sense to us.”
What stood out about CacheTech’s offerings wasn’t breadth—it was depth of relationship. The team knew Vaultis. They’d learn the clients. The decision matrix eventually simplified itself.
“Working with CacheTech, to be able to have that dedicated team where we’re all working together made a lot of sense for us,” explains Rieger. “We’ve been extremely happy with the results. And the personalization and customization has been a huge win in our eyes.”
Culture Before Technology
For Murphy, the Vaultis conversation followed the same pattern he regularly tries to establish with prospective advisory practices. Technology demos come later. The first call is about alignment.
“We’re much more interested in the culture fit with the firms,” says Murphy. “We’re more interested in that fit even more so than just chasing assets and large RIAs. If it’s not the right fit and we’re not seeing things, it doesn’t allow us to deliver on what I think we can do best, which is to be really a partner.”
Murphy recalls the first meeting with Rieger as one where the alignment was clear almost immediately—but he was disciplined enough not to lead with the pitch. Instead, he listened. He learned about how Rieger was breaking away, what Kohout had built, what they needed, and where they thought their firm was going. Only after establishing that foundation did the conversation move toward what CacheTech’s platform does in practice.
The technology demo, when it eventually happened, was designed to show how operations, trading, and investment management work as a single unified solution—not as a collection of integrated tools that happen to talk to each other.
“We’ve streamlined it to a point where everything is living in the same system,” Murphy explains. “I feel like, a lot of times, TAMPs and managed products, there’s just so much operational overhead in literally just getting checks out, getting a monthly distribution, things like that. And it makes it harder to develop a deeper relationship because you do have to take care of those things first.”
The goal of the technology, in Murphy’s framing, is to clear the friction so the relationship can be the solution. That’s not a small thing. Operational drag is one of the most underappreciated costs in advisory businesses—not just in time, but in attention pulled away from clients.
How the Platform Works in Practice
Once Vaultis came on board, the unified-system approach proved out quickly. Account openings, trade requests, model rebalancing, distributions—all living inside CacheTech’s platform. Rieger might coordinate with someone on the trading team for one question and a teammate in operations for another, but neither interaction requires negotiating multiple platforms or duplicating data entry.
“It’s all built into the same system,” says Rieger, “to where it makes doing business for us easy. I don’t have to jump through a lot of hoops. I don’t have to go through multiple systems.” For an advisor who spent a decade at UBS, where the investment menu alone could feel overwhelming, the contrast is notable. Doing business in the independent space, he has come to believe, is easier—not harder—than it was at the wirehouse.
The investment side has been equally clean. Murphy’s team manages CacheTech’s model portfolios at no additional cost. Advisors can use them, build custom models, or blend the two. But the real value Vaultis has found isn’t just in the models themselves—it is the ability to have a genuine working relationship with the investment team when client situations are or become complicated.
Transitions are where advisory platforms get tested. Most clients don’t arrive with a clean slate—many carry embedded gains, concentrated positions, and firm-specific holdings that come with significant tax consequences. “Not everybody just comes to you with X amount of dollars in cash,” Rieger notes. “You have to, a lot of times, work through nuanced positions of capital gains or personal biases. Being able to collaboratively work with Cormac and his team, we’ve been able to navigate those cases.”
CacheTech’s platform includes sophisticated tax-loss harvesting built into all model portfolios—not as an add-on, but as a standard feature—along with restriction handling and configurable tax-impact thresholds to manage transitions thoughtfully. For a firm like Vaultis, where winning new clients often depends on orchestrating a complex portfolio handoff gracefully, the ability to have those conversations in real time with an investment partner can make a meaningful difference.
A Partnership Built to Evolve
A year and a half in, the relationship hasn’t settled into a service arrangement. Murphy and Rieger talk at least monthly, and Vaultis interacts with CacheTech’s operations team regularly. Some of the conversations are about client-level needs. Others are about the platform itself.
Murphy is open about how much firms such as Vaultis have shaped the platform. “They make us better too. It’s not a one-way relationship,” he emphasizes. “Working with Jacob and Keith at Vaultis has definitely made the platform better and made us better at what we do—from maintaining relationships to getting to know clients in a little different way than a traditional advisor would.”
Rieger echoes the sentiment from his side. The alignment, he says, ultimately comes down to a shared orientation around the client. Everything CacheTech has built—the unified platform, the investment infrastructure, the availability of the team—is designed to remove the drag that prevents the advisor-client relationship from taking center stage. “Having the right alignment,” Rieger says, “I mean, everything that we do and talk about is the client at focus. That’s obviously what’s important to us, and Cormac and CacheTech [are] totally aligned with that same sentiment and thought process.”
For advisors weighing a similar move—whether from a wirehouse, another TAMP, or a platform that no longer fits—Vaultis’s path offers a useful frame. The disruption of Morningstar’s sale to AssetMark felt like a setback at the time. Looking back, Rieger doesn’t see it that way.
“While it was kind of painful at the moment of having to do all this due diligence, interview all these different firms, ultimately [we’re] extremely happy that we had to go through that process,” he says. Sometimes the forced rethink turns out to be the best thing that could have happened.
Additional Resources
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Disclosures
This testimonial was provided by a current client of CacheTech Advisor Solutions. The client was not compensated for providing this testimonial. No material conflicts of interest are present that would influence this testimonial.
This testimonial may not be representative of the experience of other clients and is not a guarantee of future performance or success. Investing involves risk, including the potential loss of principal.
CacheTech Advisor Solutions is a registered investment adviser. Registration does not imply a certain level of skill or training.
