Management Firm Pulls Out of Britney Spears Conservatorship
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variety.comJem Aswad Senior Music EditorBessemer Trust, a professional wealth management firm that was poised to take over as co-conservator of Britney Spears’ estate and work with her father, has asked to resign from the arrangement, according to a court document filed Thursday that was cited by the New York Times.The company, which manages more than $100 billion in assets, said it was requesting to withdraw “due to changed circumstances.” In the filing, the firm said it had been told the singer’s conservatorship was voluntary and under her consent, but in her blistering, 24-minute statement against the conservatorship in court last week made clear that she is opposed to it, or at least her father, Jamie Spears continuing as her conservator.
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