Veteran advisor vanishes with wife while sailing Caribbean

Veteran advisor vanishes with wife while sailing Caribbean
Discovery of a violent scene in couple’s empty yacht off the coast of Grenada prompts police investigation of ‘tragic event.’
FEB 27, 2024

A seasoned advisor and his wife’s leisurely holiday in the Caribbean has taken a tragic turn after the couple disappeared under mysterious circumstances.

The advisor, Ralph Hendry, has been enjoying a decade-long life at sea with his wife Kathy Brandel aboard their yacht, Simplicity.

According to Hendry’s BrokerCheck profile, he started in the industry in 1994 as an advisor with Edward Jones. From there, he worked at other firms, including Raymond James and Citigroup, before starting his own practice affiliated with Independent Financial Group, a San Diego-based firm, in 2009.

The Hendrys’ most recent trip began when they departed Virginia for the coast of Grenada at the end of last year.

It appears their getaway was cut short in violent fashion, as their yatch was discovered anchored and devoid of its crew on February 21 by a sailing captain who happened to be paddle-boarding near the Saint Vincent shore, according to an announcement by the Salty Dawg Sailing Association, a nonprofit for sailing enthusiasts.

“The good Samaritan had boarded the boat and noted that the owners, Ralph Hendry and Kathy Brandel, were not onboard and found evidence of apparent violence,” the statement said.

The incident was then reported to local authorities at St. Vincent, the Simplicity’s last anchorage point. A statement from the police posted shortly after the incident did not name the couple, but it identified three recent escapees from a prison in Grenada who fled by boat to St. Vincent.

Details remain unclear, but the three persons of interest – who have since been recaptured – may have killed the couple, according to the police statement posted on social media.

“This is a very upsetting event and details are still unconfirmed by the authorities, but this does appear to be a tragic event – our hopes and prayers are with Ralph and Kathy and the family who love them,” said Bob Osborn, president of Salty Dawg.

Latest News

Fintech bytes: Envestnet reaffirms $1B RIA commitment with Tamarac tech investment
Fintech bytes: Envestnet reaffirms $1B RIA commitment with Tamarac tech investment

Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.

RIA moves: Maridea acquires multigenerational practice in Pennsylvania debut
RIA moves: Maridea acquires multigenerational practice in Pennsylvania debut

Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.

Private equity eyes 401(k) plans, but fees remain a hurdle
Private equity eyes 401(k) plans, but fees remain a hurdle

Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.

IRS floats proposal ending tax breaks for schools that weigh race
IRS floats proposal ending tax breaks for schools that weigh race

Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.

Trust over tech:  The hidden signal of stock success in the AI era
Trust over tech: The hidden signal of stock success in the AI era

Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.

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