Tony Robbins Loses Role With $38 Billion Planning Firm Over Sexual Misconduct Allegations and Use of Racial Slurs

Motivational speaker Tony Robbins officially joined Creative Planning in March 2016 with the goals of training advisers to better manage clients’ emotional needs and raising awareness about broader financial literacy efforts. (PHOTO: DAVID PAUL MORRIS/BLOOMBERG NEWS)

Self-help guru Tony Robbins is on the defensive in the wake of recent BuzzFeed reports that nine women accused him of sexual misconduct and that he was filmed using racial slurs in the 1980s.

Robbins is also out of one of his jobs now that Creative Planning, a $38 billion registered investment adviser based in Overland Park, Kan., has severed ties with him, InvestmentNews reports.

The firm’s quick decision to eliminate Robbins’ position, chief of investor psychology, and remove him from its advisory board following the accusations, has won praise from marketing professionals and advisers.

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SOURCE: Ross Snel of Barron’s
via The Wall Street Journal