Your assets are held at world-class custodians, protected by layers of regulation, insurance, and independent oversight.
Charles Schwab
Asset Custody
PCAOB Compliant
Independent Audit
SEC Reg D 506(c)
Accredited Investors Only
Multiple independent layers of protection between your assets and any single point of failure.
Each Embark portfolio operates as an independent legal entity, fully owned by its investors. Proflex Finance acts as the appointed investment advisor, but holds no ownership stake in fund assets. Fund assets are structurally separate from the advisory firm.
If the advisory relationship ever changed, your fund and its assets would continue to exist independently. The fund structure is designed to survive any single party.
We do not hold your assets.
Embark fund assets are custodied at Charles Schwab — one of the largest and most trusted brokerage firms in the United States, with over $9 trillion in client assets. Your shares are held in segregated accounts, not commingled with other fund assets or the advisor's capital.
Schwab accounts include SIPC protection up to $500,000 in securities and $250,000 in cash, with additional excess coverage.
Each Embark fund undergoes a rigorous annual financial audit conducted by a PCAOB-compliant independent auditor. The audit verifies fund assets, income distributions, and adherence to the fund's operating agreement.
Audited financials and K-1 tax documents are provided to investors annually. Full transparency — no black boxes.
Embark funds are offered under SEC Regulation D, Rule 506(c) — requiring verification that every investor is accredited. This isn't a suggestion; it's a legal requirement we enforce before any investment.
Proflex Finance LLC is a Registered Investment Advisor under the Investment Advisers Act of 1940. As a fiduciary, we are legally required to act in your best interest at all times.
Every layer is designed to protect your assets and ensure transparency.
Via tax-free §721 in-kind transfer. No sale, no capital gains tax. Your shares move from your brokerage to the fund's Schwab custody account.
Your shares are custodied in a segregated fund account at Schwab. SIPC insured. Embark and Proflex never hold or control your assets directly — Schwab does.
Proflex, as the RIA, executes covered calls and other option strategies on the underlying stock. All trades execute through Schwab. Income is distributed to investors per the operating agreement.
An independent PCAOB-compliant auditor verifies fund financials annually. You receive a K-1 for tax filing and full transparency into fund performance.
As a registered investment advisor, Proflex Finance is legally obligated to act in your best interest. Niko Mavris, our legal counsel, oversees regulatory compliance, client agreements, and fiduciary obligations.
"We're helping our clients with some of the largest financial assets they own — concentrated stock positions worth millions. We built Embark's structure with that responsibility as the foundation. Every safeguard exists because we'd want it protecting our own capital."
Raman Bindlish
Chief Investment Officer, Proflex Finance
"I had 80% of my net worth in one stock. Embark let me earn income from it without triggering a massive tax bill. It changed my financial plan entirely."
Dinesh K.
Senior Engineer · Concentrated META holder
"Embark's structure gave me the confidence to finally do something with my concentrated Google stock. I'm earning income every quarter without giving up my position."
Akash C.
Engineering Manager · Google
Embark does not pay for testimonials. Testimonials are from actual investors and may not be representative of the experiences of others. No guarantee of future performance.
Your shares are held at Charles Schwab in a segregated fund account. Neither Embark nor Proflex Finance ever take custody of your assets. Schwab is the custodian of record.
Schwab accounts receive SIPC protection up to $500,000 in securities and $250,000 in cash. Schwab also carries additional excess SIPC coverage through Lloyd's of London.
Each fund is an independent legal entity owned by its investors. Your assets remain at Schwab regardless of what happens to the advisory firm. The fund's operating agreement provides for orderly transition to another qualified advisor or liquidation at investors' direction.
Option premium income is distributed to investors per the fund's operating agreement. Distributions are typically made quarterly. All income and allocations are reported on your annual K-1.
Rule 506(c) of Regulation D allows companies to raise capital from verified accredited investors. Unlike 506(b), it permits general solicitation but requires the issuer to take reasonable steps to verify each investor meets the accredited investor standard — typically through income verification, net worth documentation, or third-party confirmation.
Yes. As a Registered Investment Advisor, Proflex Finance has a fiduciary duty to act in clients' best interest at all times. This is a legal obligation, not a marketing claim. You can verify our registration on the SEC's Investment Adviser Public Disclosure page.
Each fund's audited financial statements are conducted by an independent PCAOB-compliant auditor and made available to investors. You can request a copy of the most recent audit at any time.
15-minute call. Ask about our structure, custody, compliance — anything.
Proflex Finance LLC is a Registered Investment Advisor (RIA) registered with the U.S. Securities and Exchange Commission. CRD# 334262. Registration does not imply a certain level of skill or training. All investment strategies involve risk, including the potential loss of principal. Past performance is not indicative of future results. Nothing on this website constitutes investment advice, a solicitation, or an offer to buy or sell any security. Embark funds are offered under SEC Regulation D, Rule 506(c) and are available only to verified accredited investors. For complete information, please review our Form ADV available on the SEC's Investment Adviser Public Disclosure website.
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