The long battle by Britney Spears to end her father’s role as conservator may be drawing to a close. On Tuesday, her father filed a petition in Los Angeles Superior Court to end the arrangement, according to documents obtained by the Associated Press and CNN.
Jamie Spears cited his daughter's pleas at two separate court hearings over the summer in his request to terminate the 13-year conservatorship, CNN reported.
"Recent events related to this conservatorship have called into question whether circumstances have changed to such an extent that grounds for establishment of a conservatorship may no longer exist," the petition said.
"Ms. Spears has told this Court that she wants control of her life back without the safety rails of a conservatorship. She wants to be able to make decisions regarding her own medical care, deciding when, where and how often to get therapy. She wants to control the money she has made from her career and spend it without supervision or oversight. She wants to be able to get married and have a baby, if she so chooses. In short, she wants to live her life as she chooses without the constraints of a conservator or court proceeding,” according to the filing.
Mathew Rosengart, attorney for Britney Spears, called Tuesday's development "vindication."
In a filing in August, Mr. Spears had said that he planned to step down as the conservator of his daughter’s finances but did not provide a timeframe. In 2019, he gave up control over her life decisions, keeping only his role overseeing her money.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
