Your portfolio is mostly one stock.
You know that’s a risk. But selling means watching 30–40% of your gains disappear to taxes — so you wait. Year after year, the position grows, the tax bill grows, and you stay stuck. There’s a way out that changes that math.
See how it worksBuilt for one type of investor.
Not everyone qualifies. Tether is designed specifically for long-tenured employees at major technology companies who have accumulated significant equity over time.
You hold $1 million or more in a single employer stock position
Your cost basis is low — meaning a sale would trigger a significant capital gains event
You want to diversify but have avoided it because the tax bill felt like the wrong trade
A single position represents 25% or more of your total portfolio value
You prefer working with a dedicated advisor over a self-serve digital platform
The math has been keeping you stuck.
You know your portfolio is too concentrated. One stock shouldn’t represent your entire financial future — you’ve known this for years.
You’ve thought about selling. Then you ran the numbers, saw how much would go to taxes, and decided to wait.
So you hold. The concentration grows. The unrealized gain grows. And the tax bill you’d have to pay keeps getting bigger.
What you need isn’t advice to “diversify.” You need a path out that doesn’t hand half of what you’ve built to the government. That’s exactly what Tether does.
Diversify.
Without the tax bill.
Tether — a Treasury-approved exchange
A Treasury-approved, IRS-recognized mechanism that’s been on the books since the 1990s, used by institutions for decades and now available to individual investors.
We are your advisor — not a broker, not a platform. We operate under a legal obligation to put your interests first, start to finish.
Your cost basis transfers to the new ETF shares. No capital gains event at the time of the conversion. Your gains stay deferred.
There is a way out. It’s called a stock-for-ETF exchange.
Think of it like a 1031 exchange — but for stocks instead of real estate. Your concentrated position converts into a diversified ETF. Your cost basis transfers. No taxable event. Full market value preserved.
Book a Discovery CallYour gains stay deferred
Original cost basis transfers to the new ETF shares. No taxable event at conversion.
A dedicated ETF — not a pool
Your assets are not commingled with other investors. Your economic interest stays entirely yours.
Diversification without the penalty
Move from one concentrated stock into a broad, diversified portfolio. Full market value preserved.
Advisory-led, start to finish
Not self-serve. You work directly with a fiduciary specialist. Discovery call first. Everything else follows.
Three steps from stuck
to diversified.
Book a Discovery Call
Book a discovery call
Tell us about your position — what you hold, how long you’ve held it, and what’s been stopping you. No pitch. No pressure.
30 minutesWe analyze your position
We review your holdings against the qualification criteria and show you exactly what a conversion looks like — including the capital gains you’d defer.
1–2 weeksExecute the conversion
Your concentrated position converts into a dedicated ETF. Cost basis transfers. Gains deferred. Concentration eliminated.
2–4 weeksNot every solution is built the same.
Most advisors don’t offer this. The ones who do often use pooled structures with real tradeoffs — lockups, diluted basis, no fiduciary obligation. Here’s how we compare.
Book a Discovery CallAvailable Not available Available with significant tradeoffs
Things people ask
before booking a call.
Yes. Stock-for-ETF exchanges are governed by Section 351 of the Internal Revenue Code — a Treasury-approved, IRS-recognized mechanism that has been on the books since the 1990s. It is used by institutions and family offices, and is now available to qualified individual investors. This is not a loophole; it is established tax law.
No — they defer. Your original cost basis transfers to the new ETF shares. When you eventually sell those shares, you’ll owe taxes on the gain at that time. The exchange eliminates the taxable event at conversion, which is where most of the damage happens. Deferral compounds in your favor.
No. Your assets are structured into a dedicated ETF built specifically for your position — not pooled with other investors. You maintain your economic interest. There is no lockup period. Unlike pooled exchange funds, you are not locked in for 7 years.
Tether charges an advisory fee based on position size and complexity. Specific fee details are reviewed during your discovery call. There is no cost to the initial call, and no obligation to proceed.
We’ll tell you clearly. Not every position is eligible — position size, cost basis, and structure all affect qualification. The analysis phase exists specifically to determine this before any commitment. If you don’t qualify, you leave with a clear picture of your options.
For nearly three decades, I watched clients stay stuck in concentrated positions — not because they didn’t know better, but because every exit cost them too much. This changes that math completely.
I built Tether because this problem deserved a real solution, not a workaround. The strategy is well-established, Treasury-approved, and structured to serve the investor — not the intermediary. If you’ve been waiting for a better option, this is it.
You’ve spent years building this. Don’t let the tax bill keep it trapped.
A 30-minute conversation is all it takes to find out if you qualify — and what a conversion could look like for your specific position.
Book a Discovery Call ↗