Astor sues Astor

The son of New York philanthropist Brooke Astor and his attorney are expected to be indicted due to their handling of her $198 million estate.
NOV 27, 2007
The son of New York philanthropist Brooke Astor and his attorney are expected to be indicted on charges dealing with their handling of her $198 million estate, according to news reports. The indictments of Astor's son, Broadway producer Anthony D. Marshall, and his attorney Francis X. Morrissey Jr. were expected to be announced today. The men had been accused in a civil suit by Marshall's son, Philip Marshall, of misappropriating cash, real estate, securities and other property belonging to the socialite, who died in August at age 105. Ms. Astor lived her life traveling the international philanthropy circuit and giving away nearly $200 million, but the last months of her life were filled with controversy. In the civil suit, Philip Marshall sued Anthony D. Marshall, his father, for allegedly neglecting the family's matriarch. Philip Marshall alleged that under his father's care, the New York socialite stopped receiving physical therapy and was forced to sleep on a cold couch that reeked of urine.

Latest News

Captrust adds $1.25B Pennsylvania firm in latest push into private wealth
Captrust adds $1.25B Pennsylvania firm in latest push into private wealth

The top-ranked RIA by total AUM continues to scale its wealth management arm, bringing its Pennsylvania presence to five offices.

WallStreetBets takes on the SEC — and makes a surprisingly sharp case
WallStreetBets takes on the SEC — and makes a surprisingly sharp case

The Reddit trading community's formal comment letter against the proposal is drawing widespread attention across finance and tech circles.

Frustrated former advisor launches AI-powered CRM with $8B RIA client
Frustrated former advisor launches AI-powered CRM with $8B RIA client

Chicago Partners Wealth Advisors is helping shape the platform's product roadmap after switching from a legacy system.

Stratos Wealth Holdings closes 11 acquisitions in push for advisory scale
Stratos Wealth Holdings closes 11 acquisitions in push for advisory scale

RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.

Beyond wealth management: Why the future of advice is becoming more human
Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

SPONSORED Durability over scale: What actually defines a great advisory firm

Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline