Rockefeller CEO's death is an apparent suicide

James McDonald, president and chief executive of Rockefeller & Co. Inc., one of the country's largest multifamily of-fices, died on Sept. 13.
SEP 20, 2009
James McDonald, president and chief executive of Rockefeller & Co. Inc., one of the country's largest multifamily of-fices, died on Sept. 13. He was 56. According to a story in The Wall Street Journal, it was an apparent suicide.
A friend of Mr. McDonald's family issued a statement last Monday that Mr. McDonald, who had been president and chief executive of Rockefeller since 2001, “took his own life,” the newspaper reported. According to the RIA Database, Rockefeller was the fourth-largest registered-independent-advisory firm in the country as of June 30, with $5.6 billion in total assets. A spokesman for Rockefeller said that Austin Shapard, the company's chief operating and financial officer, has assumed day-to-day leadership of the company on an interim basis. Rockefeller's board, led by chairman Colin Campbell and vice chair-man Mark F. Rockefeller, will continue to oversee management of the company, the spokes-man added. E-mail Charles Paikert at [email protected].

Latest News

Is Wall Street's AI risk analysis right for RIA portfolios?
Is Wall Street's AI risk analysis right for RIA portfolios?

Anthropic's Millennium partnership moves AI from reactive tool to proactive risk monitor — but other wealth tech leaders question its fit for RIA practices.

AI is resetting trust in wealth services, says Advisor360's new CEO
AI is resetting trust in wealth services, says Advisor360's new CEO

Milind Mehere offers perspective on why ambient AI, not smarter models, will define the next decade of wealth tech.

Ex-indy rep turned phony finfluencer gets two years in prison
Ex-indy rep turned phony finfluencer gets two years in prison

Kenneth Thom, 42, reinvented himself as a finfluencer known as “K Money.”

Trump sued over Truth Social's paid early-access data feed
Trump sued over Truth Social's paid early-access data feed

A press-freedom lawsuit filed in Manhattan challenges the president's $100,000-a-month Truth API service used by trading firms.

Zero-fee IRAs quietly cost savers up to $1,400 a year, PensionBee study finds
Zero-fee IRAs quietly cost savers up to $1,400 a year, PensionBee study finds

Research reveals six hidden costs inside "zero-fee" IRAs, with one investment mistake potentially amounting to $170,000 over a 30-year period.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income