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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.

1014_britney_spears_EX_TMZ
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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16.

The Truth    

This is the endgame for the conservators. They know that Britney will be out of money(their cash cow) in a few years anyway. So they will get enormous back end deals for sliding the money to these cash vacuum fraud banksters. Follow the conservators own private cash flows from these investment firms. I would bet money that they post fabulous returns at the same time that brit loses everything.

1437 days ago
17.

Politico Pablo    

She would do well to remember the old Will Rogers quote:

"I'm not so much concern about the return on my money, as I am the return of my money".

Expert fund managers lose OPM in the market every day.

1437 days ago
18.

rene    

SEEEEE, Lindsey Lohan needs to take a lesson from Brittney,AND, AND, Brittney Dad was not perfect in his PAST. One difference Brittney WANTED help, she did not blame every Tom ,**** and Daddy , She took responsibility for HER OWN ACTIONS, Lindsey just wants to do trashy movies so she can Party and use, SHE IS BLINDED WITH METH.So WHO DOES HANDLE LINDSEY MONEY? Are they the ones talking her against her DAD or is it the drugs?

1437 days ago
19.

Bubbles The Chimp    

She has mindless conservators. In this terrible American economy, and they want to invest her fortune? LOL. Idiots.

1437 days ago
20.

cafe456    

BRITNEY SPEARS POP PRINCESS!!!!!!!!!!!!!!
BEST GLEE EPISODE EVER EPIC!!!!!!!!!!!!!!!!

1437 days ago
21.

Robert    

Another celeb waiting to get clipped. Ahhh Uncle Bernie too bad you can't be here. It's almost winter time and the pickins are easy...

1437 days ago
22.

Julie    

Snarky last sentence was not necessary. Takes tmz into the bully range. Not nice. If you can't say anything nice keep your mouth shut. Hope Brit keeps an eye on her money. Watch out girl. Never know who is connected to who or what and is just trying to get her money.

1437 days ago
23.

Hanging to da lef    

She is so feaking HOT!!! Why are all the HOT ones so freaking psyco?!!!

1437 days ago
24.

for now    

Britney now owns 3,472 bras.
She doesn't need any more

1437 days ago
25.

Superman    

Funny! Considering that both Merrill Lynch and UBS should be in bankruptcy!!

1437 days ago
26.

May    

They may as well be handing over a blank check to Merrill Lynch. Read the book, Secrets of the Skim, by Hal Blackwell. He talks as a former broker for Merill Lynch and how their only concern is earning commissions for themselves and their firm . . . the client's investments are secondary. I just can't believe they are not using a Registered Investment Advisor (RIA). A broker/dealer (which is what Merrill Lynch is), is only held to a suitability standard; whereas a RIA is held to a fiduciary standard - which is much more beneficial to the client.

I know Britney Spears has money to burn, but this is just asinine. Find a fiduciary to manage Britney's money!!!

Only 20% of all investment advisors are considered fiduciary and they can be difficult to find. You can find them through NAPFA (National Association of Personal Financial Advisors) or Garrett Planning Network. Make sure they are a Fee-Only advisor - NOT Fee-Based. This is basic investment advice that anyone who cares about their investments should follow.

1437 days ago
27.

Bill Leslie    

Merrill? Don't do it Brit! To quote one of the great articles about the WallStreet meltdown "“We just shorted Merrill Lynch,” Eisman told him.

"Why?" asked Hintz.

"We have a simple thesis," Eisman explained. "There is going to be a calamity, and whenever there is a calamity, Merrill is there." When it came time to bankrupt Orange County with bad advice, Merrill was there. When the internet went bust, Merrill was there. Way back in the 1980s, when the first bond trader was let off his leash and lost hundreds of millions of dollars, Merrill was there to take the hit. That was Eisman's logic - the logic of Wall Street's pecking order. Goldman Sachs was the big kid who ran the games in this neighborhood. Merrill Lynch was the little fat kid assigned the least pleasant roles, just happy to be a part of things. The game, as Eisman saw it, was Crack the Whip. He assumed Merrill Lynch had taken its assigned place at the end of the chain."

1437 days ago
28.

WOLORG    

Bitney needs to be cautious with her millions or she will soon lose all. This is not the first time it has happened. WOLORG

1436 days ago
29.

ken vesely    

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1436 days ago
30.

ken vesely    

http://www.hardmoneyman.com

1421 days ago
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