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Britney Spears

Millions of $$$ on the Move

10/17/2010 9:00 AM PDT BY TMZ STAFF

Britney Spears worked hard for her money, now she wants her money to work for her ... with the help of some big shot financial advisors.

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It seems Brit has "several million dollars" laying around in a trust account that isn't making nearly as much money as Brit's conservators believe it should.

So the conservatorship went to the courts -- asking for permission to give control of the money to financial advisors at Merrill Lynch and UBS Financial Services ... to invest the cash as they see fit.

According to documents filed at L.A. County Superior Court, the judge signed off on the move -- and Brit's money will be stimulating the economy in no time. 

With any luck, she'll finally invest in a bra.

31 COMMENTS

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1.

JLS    

That last sentence was a low blow. Really? What business is it of yours if she wears one or not? TMZ has stopped just reporting celeb news and has taken up being far too snotty in the end of some of the posts. Do us a favor and delete the personal opinions at the end of each story.

1378 days ago
2.

tom    

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1378 days ago
3.

tom    

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1378 days ago
4.

KoalaBabe    

Good you Britney:)

you are maturing, a good sign:)

1378 days ago
5.

casting couch    

Nothing like a good Ponzi scheme.

1378 days ago
6.

Horse13    

Merrill Lynch and UBS should part this fool from her money soon enough. They're in business to make her money THEIR money, and they'll do a right fine job of too, I reckon.

1378 days ago
7.

wasted days and wasted nights    

What-oh-what I am ever gonna do with that pile o' cash lyin' around? Must be real nice to have a problem like that. Good for her, you go girl.

1378 days ago
8.

Truth    

IN A CRAPTASTIC INVESTMENT ENVIRONMENT GOOD LUCK TO FIRMS THAT HELP CAUSE THE FINANCIAL FIASCO AFTER PRIOR TO AND AFTER 9/11. PEPO HAVE EFFING SHORT TERM MEMORIES INCLUDING BRIT BRIT. UNLESS SHE'S PARKING HER MONEY IN BONDS AND MONEY MARKET, GOOD LUCK GETTING BACK UR PRINCIPAL!!

1378 days ago
9.

randy    

UBS? i would NEVER trust UBS anymore after what they did in the past. these greedy bastards! have you forgotten the swissair grounding? THEIR FAULT! have you forgotten the "jewish" scandal back in 97? have you forgotten late tax evasion scandals when UBS helped US millionaires to hide their money from US Tax officials? NEVER TRUST UBS!!

1378 days ago
10.

TheRealJerseyShore    

That's Crazy!!! #2 you are correct, next the money goes missing. I thought the conservatorship was set up to protect her money, not allow someone to have free will with it. I wonder if they consulted her before they went to the judge for permission.

1378 days ago
11.

sistaelle    

Bad move- never turn your $ over to anyone else to invest.

1378 days ago
12.

S.D.W.    

This is a move made by those in power of the conservatorship. Britney has no control over her money so to whomever asked if she was consulted in any way before the conservators went and gave her money to the investors the answer is NO. Merrill and USB both have awful reputations. Millions has been spent to keep the conservatorship going for almost three years and I suppose this is their way of continuing to grow what is now in Britney's estate. I think this is a bad move. Can't believe the judge went along with this but then again she's been going along with everything else so I shouldn't be that surprised.

1378 days ago
13.

Jdawg    

Bad time to turn over money to investment firms.She should open a Dance Club/Restaurant. With Obama at the helm this ship could sink again at any time.

1378 days ago
14.

doublej    

Brit it gonna regret it in my opinion as the people that just invested her money in those two firms just waved her money goodbye. I am surprised that they did not look for a investment group that has a vested interest in making her money. One group that i know of is markowski investments out of florida. By law that have to put your money in to good investments and not junk as the two companies above do and then make commissions off of the trade (churn and burn) just my two cents worth.

1378 days ago
15.

Duran    

Were you trying to be funny? well it didnt work! If she wears a bra or not is not anyones business. There are a lot of females on the road that dont wear any bra and you dont consider them to be trashy but as soon as a celeb like Brintey does it its a big problem. That was a cheap and low blow man. You disgust me. Go Britney we all love you!

1378 days ago
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