HWM Insights

Market sentiment can shift faster than most investors expect. The first quarter of 2025 demonstrated that clearly, and April 3rd reinforced it in real time. A broad new tariff announcement sent markets sharply lower:... >>

Market volatility does not derail well-built succession plans. It reveals which ones were built well and which ones were built on assumptions that no longer hold. For business owners thinking about a future exit, a... >>

After years of near-zero interest rates, cash is generating real yield again. Treasury bills and money market funds were paying between 4.2% and 4.5% through much of 2024 and into 2025. That is genuinely good news... >>

Business growth requires capital, and how that capital is structured shapes everything that follows: cash flow flexibility, ownership control, exit options, and personal financial security. The question is not just... >>

Discounted Cash Flow analysis is one of the most fundamental tools in finance, and in a higher interest rate environment it has become more consequential than it was during the years of near-zero rates. For business... >>

Record equity highs and rising inflation rarely feel like they belong in the same sentence, but in February 2025 that was exactly the combination investors were navigating. Understanding how those two forces... >>

Sharp single-day declines in high-valuation growth stocks often reveal as much about market expectations as they do about underlying business performance. When The Trade Desk fell 33% in a single session following... >>

Editor's note: This article was originally published in February 2025 when BOIR filing requirements were in effect for domestic businesses. It has been updated to reflect the significant regulatory changes that... >>

Generational wealth is built in two ways: through assets that appreciate and transfer over time, and through financial habits that carry forward across generations. The second is harder to quantify but often more... >>