The Indicator from Planet Money · Monday, September 28, 2026
Concerns over 'potentially abusive tax avoidance strategies' have been raised by Treasury Department officials, although specific firms like AQR Capital Management have not been named. In response to regulatory uncertainty, some financial institutions, including Charles Schwab and Fidelity, have started to scale back their offerings of these complex tax accounts to new clients.
“Recently, Treasury Department officials expressed concern about what they called potentially abusive tax avoidance strategies, although they didn't specifically call out AQR's approach by name.”
“Amid this uncertainty, some investment firms like Charles Schwab and Fidelity that work with AQR have pulled back on offering this type of account to new clients.”