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David Geffen Settles His Divorce From Donovan Michaels

by The Wealth Advisor Contributor
David Geffen’s divorce from Donovan Michaels (legally David Armstrong) offers a high-profile case study in the financial, legal, and reputational risks that can arise when ultra-high-net-worth individuals enter marriage without comprehensive planning. Nearly a year after filing for divorce in May 2025, Geffen has reached a settlement with Michaels, concluding a contentious and highly public legal dispute that underscores several key considerations for wealth advisors and RIAs working with affluent clients.

Featured

Wells Fargo Reports $36.2 Billion Of Private-Credit Exposure

(Bloomberg) - Wells Fargo & Co. said its exposure to private-credit firms was roughly $36.2 billion in the first quarter, offering details on a category closely watched by investors.

JPMorgan And Other Big Banks See Profits Rise As Dimon Warns Of 'Increasingly Complex Set Of Risks'

(Yahoo!

A Dallas County Jury Issues A Landmark $1.1 Billion Civil Verdict

A Dallas County jury has issued a landmark $1.1 billion civil verdict, underscoring the profound financial and reputational risks that can arise in cases involving extreme personal misconduct, even for individuals connected to significant

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Washington Wire

Dodd-Frank Authors Say Reg BI Should Be Halted by Appeals Court

The 2nd Circuit has been asked to halt the implementation of the SEC’s Reg BI by a coalition of parties that now includes Dodd, Frank.

Washington Wire

Wall Street is more terrified of an Elizabeth Warren presidency than previously thought, new report finds

Investors are taking stock of what a Warren presidency could look like, and they're starting to grow more fearful of her effect on their bottom line.

News

State and Federal Regulators Open Probe into 403(b) Plans for Teachers

State and federal regulators are launching investigations into the sales practices and administration of 403(b) retirement plans for school districts.

News

Goldman Sachs to increase private wealth adviser headcount

Goldman has unveiled plans to grow its private wealth adviser headcount by 250 in its first-ever investor day presentation.

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FundFocus

10 Oil Stock Picks For A Prolonged Middle East Conflict: Goldman Sachs

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Advisor Technology

Vanguard Launches "Expert Insights," Equipping Advisors With AI-Powered Portfolio Analysis Expertise

RIA Knowledgebase

Portfolio Construction Remains The Dominant Determinant Of Long-Term Investment Outcomes

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