Forbes and Shook Research, a major partner of the magazine, said on Tuesday that they would suspend the rankings and events they produced together as they dealt with the widening fallout from a $6 million payment from the firm’s founder to the publication’s top editor.
Forbes and Shook Research have worked together for years to publish rankings of the top wealth advisers in the United States. They have also produced an annual summit in Las Vegas, which was scheduled this year for mid-October and in the past drew executives from top financial firms, including Goldman Sachs, JPMorgan Chase, BlackRock and Apollo.
The New York Times reported this month that Forbes’s top editor, Randall Lane, had been fired after the publication learned that he had taken a $6 million payment from RJ Shook, the founder of Shook Research.
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