Private Wealth

6 days ago | fa-mag.com | Bryce Sanders

All advisors have experienced push back on fees. Since clients feel they can “trade for free” online, any fees you charge are too much. When the stock market suffers a decline and clients are losing money, some bring up the issue of fees. If they say your fees are expensive, what are different ways you can respond?

6 days ago | fa-mag.com | David Welch

Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20% stake in Hertz Global Holdings Inc. in a bet on the rental car company’s turnaround plan and that tariffs will boost the value of its vehicles. The firm began buying shares late last year and now has “a 19.8% stake in the company comprised of outright share ownership and total return swaps,” Ackman said in a post on X. Ackman is wagering that Hertz can get past a bad bet on Tesla Inc.

6 days ago | fa-mag.com | Jennifer A. Dlouhy |Akshat Rathi

White House officials are preparing executive orders that would strip some environmental nonprofits of their tax-exempt status, setting up a possible Earth Day strike against organizations seen as standing in the way of President Donald Trump’s push for more domestic oil, gas and coal production.

6 days ago | fa-mag.com | Carter Johnson

Tax collections are confirming Wall Street forecasts that the US government will not exhaust its borrowing capacity until later this year. The US Treasury’s cash balance climbed again on Wednesday to reach a total of $639 billion — after soaring some $185 billion the day prior, the most in three years — amid inflows around the April 15 tax deadline. “Individual income tax receipts remained stronger than we expected,” wrote Lou Crandall at Wrightson ICAP in a note to clients Thursday.

6 days ago | fa-mag.com | Jerry D. Prince |Russ Prince

Organic growth has become a buzzword in the wealth management industry. While acquisitions and mergers continue to play a significant role and will likely do so for some time, without organic growth, these combinations will struggle or seek a bigger fool to buy them. While the numbers vary, most industry-wide estimates for organic growth fall between 3% and approximately 8%.