Accusations intensify in Wendy Williams' fight with Wells Fargo

Accusations intensify in Wendy Williams' fight with Wells Fargo
An attorney who formerly represented the TV talk show host claimed that Williams was 'left to die' by her adviser at Wells Fargo and her former business manager.
SEP 06, 2022

The dispute between television talk show host Wendy Williams and her former financial adviser at Wells Fargo Advisors got a jolt late last month when the New York Post reported that Williams' former attorney had taken a verbal shot at the adviser, Lori Schiller.

LaShawn Thomas, who formerly represented Williams, claimed to the Post that Williams was "left to die" by Schiller and her former business manager, according to an Aug. 26 article.

“The real issue is that Wells Fargo, through their adviser, refused to grant Wendy access to her own accounts, this includes the right to check her balance,” Thomas said, according to the Post.

"No bank should have the authority to do that," said Thomas, who reportedly was responding to a recent online article that said Williams' son had misused her American Express credit card. "No one attempted to gain access to any of Wendy’s accounts. The Wells Fargo adviser and [her former manager] were the only people with access. They left Wendy to die.”

The dispute between Wells Fargo and Williams has been going on since the winter. In February, Wells Fargo claimed in a filing with the New York Supreme Court that Williams was incapacitated and needed a guardianship, and in May a financial guardian was appointed to oversee her money, according to reports.

A spokesperson for Wells Fargo Advisors declined to comment. LaShawn Thomas did not return a call on Tuesday morning to comment. It was not clear who currently represents Williams in the dispute.

Schiller has been registered with Wells Fargo Advisors since 2017 and is based in its midtown Manhattan branch, according to her BrokerCheck profile. She is a wirehouse veteran and has previously worked at UBS, Morgan Stanley and Merrill Lynch. 

In March, Williams went on Instagram and claimed that Wells Fargo and Schiller were blocking her access to her cash as part of the guardianship battle.

Bitter public disputes involving celebrities and the control of their finances have made headlines of late; Britney Spears’ fight to control her finances led to the #FreeBritney movement.

'IN the Office' with CEO and author Bill George

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.