Rockefeller CEO's death is apparent suicide

Rockefeller CEO's death is apparent suicide
James McDonald, president and chief executive of Rockefeller & Co. Inc., one of the country's largest multifamily offices, died on Sunday. He was 56.
MAR 01, 2010
According to a report in The Wall Street Journal, it was an apparent suicide. A friend of Mr. McDonald's family issued a statement Monday night that Mr. McDonald, who had been president and chief executive of Rockefeller since 2001, “took his own life,” according to the Journal. 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 the 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 Colin Campbell and Mark F. Rockefeller, vice chairman, will continue to oversee the overall management of the company, the spokesman added.

Latest News

AI surveillance tool brings prediction markets under compliance watch
AI surveillance tool brings prediction markets under compliance watch

MyComplianceOffice's AI-assisted surveillance links employee chats on Slack and Telegram with prediction market trades as Wall Street tightens rules

Advisor moves: LPL nabs $1B Northwestern team in Seattle
Advisor moves: LPL nabs $1B Northwestern team in Seattle

Elsewhere, Raymond James absorbs a family-run practice from Commonwealth into its independent channel, while RBC welcomes a father-son tandem formerly from UBS.

Social Security COLA rises to 3.6% for 2027, largest since 2023
Social Security COLA rises to 3.6% for 2027, largest since 2023

Fuel-driven inflation drove the supersized adjustment, but advocates say retirees are still losing ground as trust fund insolvency nears.

Retirement advisors have a major small business opportunity
Retirement advisors have a major small business opportunity

State mandates and plan complexity are opening doors for financial advisors in the 401 market.

Most pre-retirees are planning without a planner - and it shows
Most pre-retirees are planning without a planner - and it shows

New LIMRA data reveal a stubborn advice gap that financial professionals are well-positioned to close.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor