Two of the biggest brokerages in America are quietly turning away their wealthiest clients, and most people have no idea why.

In this video I break down exactly what’s happening with Schwab and Fidelity’s tax-aware long-short strategies, why $150 billion flooded into this trade, and why both firms are now pulling back. Schwab raised minimums, capped asset commitments, added borrowing limits, and is preparing to issue margin calls. Fidelity, the firm that pioneered this structure in 2021, closed it to new clients entirely and raised fees on existing ones.

The reason is simple, and nobody in the financial press is saying it plainly: the strategy was never designed around your returns. It was designed to generate tax losses. Capital appreciation was an afterthought. And when markets move sharply, the mechanics fall apart fast.

I also walk you through what we built differently at Adams Financial Concepts. Our Profit Sharing Account has averaged more than 28% compounded annually over six and a half years. It uses a long-short structure, but capital appreciation is the primary objective. Tax efficiency is a secondary benefit, not the reason the account exists.
This is not for everyone. There is real volatility involved, and I say that plainly in the video. But if you have $1.4 million or more in investable assets, a long time horizon, and the discipline to stay invested through difficult stretches, this is worth understanding.

Topics covered:
Why Schwab tightened access twice in one year
Why Fidelity closed the strategy entirely
What former FDIC Chair Sheila Bair said about the risk
How the AFC Profit Sharing Account is built differently
The 28%+ compound annual return since inception
Who qualifies and who this is not right for

Mike Adams is the founder of Adams Financial Concepts and has been helping pre-retirees and retirees protect and grow their wealth since 1993.

Schedule a complimentary 30-minute portfolio review at adamsfinancialconcepts.com. No obligation. Just an honest look at whether your portfolio is positioned for what history suggests is coming next.

To schedule an appointment to discuss your financial goals with Mike CLICK HERE TO SCHEDULE