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

Integrated Partners, Kestra welcome multigenerational advisor teams
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

Women share investing strengths, asset preferences in new study
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

Trump vows to 'be nice' to China, slash tariffs
Trump vows to 'be nice' to China, slash tariffs

A trade deal would mean significant cut in tariffs but 'it wont be zero'.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.