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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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Retirement Channel

Less Than A Quarter Of HNW Individuals Have A Long-Term Care Plan In Place

Key Private Bank, the wealth management arm of KeyCorp, released the results of its latest advisor poll

The Trust Advisor

Steve Oshins Named Wealth Advisor Top Estate Planning Attorney of 2018

Las Vegas legend takes the prize for continued outreach to wealth managers and other service to raise awareness in trusts as planning instruments.

Estate Planning

Sylvester Stallone’s Financial Privacy Melts Under Sex Crime Spotlight

Never mind the lingering liability from complaints filed nearly 30 years ago. The real threat in digging up cold incidents has shifted to reputation.

Estate Planning

Anthony Bourdain’s Relatively Modest Net Worth Keeps Likely Estate Plan Simple

People think 16 years on television translate into a vast fortune. Odds are good the material wealth he left behind was on the low side.

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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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