Latest news with #DavidArmstrong
Yahoo
05-06-2025
- Business
- Yahoo
Vocatus is Named a Finalist in the WealthManagement.com 2025 Industry Awards for Best Client PR Campaign
BOCA RATON, FL / / June 5, 2025 / Vocatus, a leading communications and marketing firm serving the financial services industry, announced that it has been named a finalist in the Wealth Management 2025 Industry Award (the "Wealthies") for Best Client PR Campaign. For the second year in a row, Vocatus has received the recognition, which centers on its work on behalf of Callan Family Office, a registered investment advisor serving ultra-high-net-worth families, family offices, foundations and endowments. In addition to its own accolade, Vocatus' clients are finalists in 19 categories at the prestigious Wealthies in 2025. "We are honored and humbled by this recognition, but even more so, we feel immense gratitude to our clients who have placed their trust in us and given us the opportunity to share in their success," said Ray Hennessey, Chief Executive Officer of Vocatus. "I want to thank my team and our industry peers for this honor. As we approach our three-year anniversary, I could not be prouder of what we've built and the opportunities yet to come." Founded in 2022, Vocatus serves dozens of clients, from startups to some of the most established names in the financial services industry. Earlier this, Vocatus was awarded the Best Marketing or PR Campaign at the Family Wealth Awards. Last year, it was named a finalist in several well-known wealth management awards, including the Industry Awards and ThinkAdvisor Luminaries. Now in its 11th year, the Wealth Management Industry Awards is the only awards program of its kind to honor outstanding achievements by companies, organizations and individuals that support financial advisor success. A panel of judges made up of top names in the industry, led by director of editorial strategy and operations David Armstrong, chose the finalists and will determine the winners. Each year, the Wealth Management Industry Awards recognize the firms and individuals who are making a real difference to the daily activities of financial advisors. Winners will be announced at a gala and awards ceremony in New York City on September 4th. "The Industry Awards are a beacon, illuminating the trailblazers and innovators who are shaping the future of the financial services industry," said David Armstrong, director of editorial strategy and operations. "They serve as a leading indicator of future activity, and as a barometer for the dynamic ecosystem of companies and organizations that empower, support and enable advisor success who are driving the industry forward." About Vocatus Vocatus is a leading communications, marketing and public relations firm, serving the financial services industry. With specialists across media and journalism, Vocatus provides high-level support to individuals and businesses, including wealth management firms, asset managers, fintech companies and business service providers. Contact Details Christina Diabo+1 201-400-7239cdiabo@ SOURCE: Vocatus View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
11th.com Named Tech Disruptor Finalist in the Wealth Management 2025 Industry Awards
New York, New York, June 05, 2025 (GLOBE NEWSWIRE) -- the leading automated investor recovery platform for RIAs, announced today that it has been named a Finalist in the Wealth Management 2025 Industry Awards (the 'Wealthies') for Disruption in Investor Recovery Named Finalist for Tech Disruptor at the Wealth Management Industry is a first-of-its-kind technology that automates the recovery of funds owed to investors from securities class actions and shareholder settlements. Built for RIAs, wealth managers, and financial institutions, it identifies, files, and collects eligible claims on behalf of their clients—with no manual effort required. turns a historically overlooked process into a seamless, value-added service that strengthens client relationships and enhances firm growth. 'We're honored to receive this prestigious award from said Stan Vick, Founder & CEO. 'Being recognized alongside some of the most influential players in wealth management reinforces our mission to modernize the recovery of billions in missed investor funds.' Now in its 11th year, the Wealth Management Industry Awards is the only awards program of its kind to honor outstanding achievements by companies, organizations, and individuals that support financial advisor success. A panel of judges made up of top names in the industry, led by director of editorial strategy and operations David Armstrong, chose the finalists and will determine the winners, which each year recognizes the firms and individuals who are bringing new innovations to market that make a real difference to the daily activities of financial advisors. Winners will be announced at a gala and awards ceremony in New York City on September 4th. 'The Industry Awards are a beacon, illuminating the trailblazers and innovators who are shaping the future of the financial services industry,' said David Armstrong, director of editorial strategy and operations. 'They serve as a leading indicator of future activity, and as a barometer for the dynamic ecosystem of companies and organizations that empower, support and enable advisor success who are driving the industry forward.' About is the first technology platform that empowers RIAs and wealth managers to automatically recover funds from securities class actions and shareholder settlements. Through its patented engine, has claimed over $250 million for more than 50,000 clients—including RIAs, wealth managers, and individual investors. Designed for scale, the platform handles unlimited clients and claims, no matter the legal or technical complexity. About an Informa business, provides everything wealth professionals need to know to stay knowledgeable about the industry, build stronger relationships, improve their practice, and grow their business. offers financial services organizations a broad array of marketing services designed to help them influence the industry's leading audience of wealth management professionals. Press inquiries Stan Vick pr@ (302) 261-8626 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Forbes
30-05-2025
- Business
- Forbes
Did David Geffen Really Risk Billions By Skipping A Prenup?
Contributing author: Morgan Fraser Mouchette David Geffen is a triple threat—a record executive, film producer, and talent agent—but was he a threat to his own multibillion-dollar empire when he tied the knot without a prenup? In March of 2023, Mr. Geffen married his personal trainer, David Armstrong. It was a union that drew intense speculation, due to their 50-year age gap—Mr. Geffen was 80 to Mr. Armstrong's 30—as well as rumors about Mr. Armstrong's past and evidence that he had changed his name several times (Mr. Armstrong also goes by Donovan Michaels). Still, love is love, and the couple enjoyed a lifestyle befitting Mr. Geffen's extreme wealth, at least until they didn't. Two years later, in February of 2025, they separated, and Mr. Geffen officially filed for divorce in Los Angeles, CA, in May 2025, citing irreconcilable differences. Though the shock factor of this May-December relationship had worn off, news of the divorce brought a surprising twist—that the couple had not signed a prenuptial agreement. Thanks to a vast business empire including DreamWorks Pictures, Asylum Records and Geffen Records, Mr. Geffen's net worth is valued at over $8 billion. However, it is unlikely that Mr. Armstrong will be entitled to a substantial percentage of that fortune in their divorce. California is a community property state that generally divides marital property equally upon divorce, but most of Mr. Geffen's wealth was accumulated at the height of his career—long before his marriage to Mr. Armstrong. Thus, the bulk of his assets would likely be considered separate property. As he is no longer involved in the day-to-day operations at his labels, his current income is primarily earned via his role at Geffen Advisors and through prior investments, which significantly limits the assets his soon-to-be ex-spouse could be entitled to. From my experience working with high-net-worth and ultra-high-net-worth individuals, I would speculate that Mr. Geffen's wealth may have also been secured through irrevocable trusts prior to marriage, another way of shielding assets from divorce. This strategy is common for many reasons: the reduction of estate taxes, privacy of financial records, and protection from legal proceedings such as divorce. Given that Mr. Geffen was 80 years old, his estate and assets may have long ago been structured to account for divorce and death, mitigating the need for a prenup. Due to the aforementioned factors, the most likely entitlement for Mr. Armstrong would be spousal support. However, since this marriage was only two years long, the support would be temporary or rehabilitative, confined by law to one year rather than lifelong alimony. In accounting for the luxurious lifestyle enjoyed by the couple, the courts will likely provide Mr. Armstrong with a small percentage to adapt in his post-divorce transition. All told, this would amount to just a sliver of Mr. Geffen's total wealth, though it could still be considered quite a payday for the former fitness instructor who, reportedly, also spent time as a go-go dancer in Miami. Mr. Armstrong has responded to the divorce petition, stating, 'The exact nature and extent of separate property assets and obligations are unknown at this time.' He further stressed that he 'reserves the right to amend this Response when the same is ascertained,' which leads me to believe that he may push back in an attempt to gain a higher payout. Anonymous statements from an alleged ex-girlfriend of Mr. Armstrong have added to this speculation, expressing that his intentions have historically been driven by the desire for money and fame, which were certainly within his reach during this marriage. Mr. Geffen is a titan of empire and likely would have recognized that prenuptial agreements are standard business practice, begging the question: why would he opt out? For starters, Mr. Geffen may have felt confident that his exposure upon divorce or even death was already limited. Other common reasons for foregoing a prenup include the desire to maintain privacy, an underestimation of financial risks in a marriage, or simply being too blinded by love. In this particular case, the couple's age gap could have also been a factor, as Mr. Geffen may have felt the need to demonstrate trust to Mr. Armstrong. Conversely, he may have had confidence in his control over their relationship dynamics. With the divorce proceedings ongoing, it remains to be seen whether Mr. Geffen's lack of a prenup will work in his favor. Even if he comes out relatively unscathed, it should be noted that such an outcome is an exception, not the rule. A relationship is akin to a business investment, and regardless of financial status, should be treated like one. Working with a matrimonial attorney and a holistic financial advisory team is the only foolproof way to safeguard your legacy in the event of divorce. Morgan Fraser Mouchette, Partner in the New York City office of Blank Rome and Vice Chair of the Matrimonial and Family Law Group, handles complex matrimonial matters for high-net-worth and high-profile clients. She provides individuals and families with tailored and strategic support to navigate and move on from life's most difficult outcomes, including divorce.
News.com.au
27-05-2025
- Entertainment
- News.com.au
Family breaks silence on music mogul David Geffen's ex-husband's secretive past
Shocking new details about David Geffen's estranged husband, David Armstrong, have been revealed by his family and ex-girlfriend. The former go-go dancer's adoptive father, Patrick Armstrong, claims he learned about his son's forthcoming divorce from the billionaire businessman, 82, from the media. 'I don't know where he (David) is, or what the situation is, first I heard about it (was) one of my sons saw it on TV,' he told the Daily Mail. 'We kinda didn't even know about the marriage. But 50 years is a big age gap,' Patrick, 68, added of the couple's huge age difference. 'I don't know how you expect it to work out. My soon-to-be former son-in-law is older than me.' Patrick told the outlet that he wasn't invited to David and the film producer's 2023 nuptials and that he last saw his son two years ago at a family reunion. At the time, however, the 32-year-old allegedly didn't mention he had gotten married. 'For some reason, I Googled his (my son's) name, and that's when it came up,' Patrick shared. 'I never expected I could Google one of my kids' names and have them show up.' Patrick revealed that he had never met Geffen, but also looked him up on the internet. 'Some of the stuff I looked up, it kind of sounds like Geffen is a little overbearing. But you can't believe everything you read. I can't really have an opinion of him.' Patrick told the Daily Mail that he allegedly had to go through Geffen's business secretary to contact his son by phone and then 'David (would) get back to us.' Though he said David regularly kept in touch with his older sisters, Patrick claimed his son 'got quiet' a few months ago. Patrick — who adopted David and 13 other kids with his wife after they had two biological kids — said the model's siblings 'were happy' for his marriage. 'Evidently, it looks like it didn't work out, which would have been my thing at the beginning, because it's too big an age difference,' he said. 'I don't know how you can fall for someone 50 years older than you, because you don't even have the same stuff in common, stuff you grew up with.' Patrick admitted that he was 'surprised' his son even got with Geffen, noting that David 'didn't seem to be interested in boys.' The dad of 16 told Daily Mail he's unsure if David will reach out amid the divorce. 'We're just kind of waiting now to see if he mentions it, bring it up on his own terms,' he explained. David's ex-girlfriend also shared some insight into their past. The woman, who remains anonymous, told the outlet that she believes David's romance with Geffen was 'kind of typical.' 'I just think he got what he was looking for. He cared a lot about the money, in my eyes. He always wanted to become rich and famous,' she claimed. 'He wanted the name brand stuff — the cologne, the sunglasses, the shoes. He wanted to be a public figure. He had big dreams,' David's ex alleged. The woman said she was surprised by news of the divorce because there was 'quite an age gap.' 'I sure as hell am not marrying someone 50-60 years older than me, so I can watch them die,' she shared, adding that she was 'proud' of Geffen for divorcing David before he passed away to prevent him from getting his 'entire (fortune).' Earlier this month, TMZ reported that the record company founder, who has a net worth of more than $9 billion ($A14bn), filed for divorce from David after two years of marriage — with no prenuptial agreement in place. Geffen cited irreconcilable differences as the reason for the split and has hired attorney Laura Wasser to represent him in the split. Though Geffen has amassed his wealth through founding several record companies, including Asylum Records, DreamWorks Records, DGC Records and Geffen Records, he has been retired for 15 years and most of his income now consists of equities and stocks. TMZ reported that California law states dividends from stocks are separate property, which means David may not get much in the divorce.
Daily Mail
27-05-2025
- Entertainment
- Daily Mail
EXCLUSIVE Shocking true story about David Geffen's boy toy husband, 32... from his family and ex GIRLFRIEND... as he prepares to collect millions in no prenup divorce from 82-year-old
The adoptive father of billionaire David Geffen's much younger estranged husband reveals he was surprised to learn his son had married a man, and why he believes their marriage was never going to last, in exclusive comments to the Daily Mail. Patrick Armstrong, 68, said he first learned of the 82-year-old media mogul's marriage to his son David Armstrong, 32 - and their impending divorce - when it made headlines last week.
