Shareholder Spotlight : Forvis Mazars Wealth Advisors LLC – Partners in Pollution

Christ, where do you start with this lot? Forvis Mazars Wealth Advisors LLC – shiny offspring of BKD and DHG Wealth Advisors – loves to dress itself up as a pillar of trust and integrity. They talk about “client experience” and “long-term value” like they invented decency. But scratch the surface and it’s all the same shit you find under every corporate rock: harassment suits, pension scandals, collapsing audits and a paper trail that stinks of greed.

And here’s the kicker – these bastards are holding millions in Cummins Inc., the diesel cheat that got slapped with a $1.675 billion fine for poisoning the air and lying about it. Forvis Mazars calls that a “portfolio position”. TCAP calls it what it is – complicity with a polluter.


The Harassment Hellhole

In 2025, one of their own managing directors filed a federal lawsuit for sexual harassment and retaliatory dismissal. The allegations read like a bloody handbook on how not to run a company – groping, crude jokes, boys’ club bullshit, and a leadership team that did nothing but look the other way. When she spoke up, she alleges she was demoted, frozen out and then fired.

Same year, another worker went to court claiming discrimination and wrongful termination after the ProBank takeover. Women allegedly side-lined, older staff quietly “restructured”, pay gaps that could swallow a small country. Every time someone complained, HR pulled the corporate shrug. “We take these matters seriously,” they say. Yeah – seriously enough to bury them.


Pension Pickpocketing

Then there’s the ERISA probe – the one looking into whether Forvis Mazars has been screwing its own staff on retirement plans. Excessive fees, poor fund options, fiduciary duties dumped like cig ends. If true, thousands of employees have been quietly robbed while the firm paraded its “wealth management expertise”.

You don’t have to make it up – they already did. These are the same people who audit pensions, advise trustees, and preach compliance. Yet apparently they can’t keep their own bloody house in order. It’s theft dressed up as administration – stealing from the people keeping the lights on.


Audit Rot and Corporate Amnesia

Regulators have been shouting at them too. In 2024, Britain’s Financial Reporting Council told Forvis Mazars and BDO to get their act together after their audit quality nosedived. Only 44 percent passed muster. That’s not an oversight – that’s a collapse. They clawed their way back a year later, but the stain won’t wash off.

The Mazars USA arm didn’t fare any better – dragged through the Trump subpoena circus, accused of sitting on financial records, and later panicking when crypto collapsed. They bailed on Binance audits in 2022, claiming “risk concerns”. Translation: they’d seen the fire and were already halfway out the door.

When your core business is telling others how clean their books are, maybe don’t keep yours in the fucking dark.


The Layoff Bloodbath

By 2024 the rot turned inward. Layoffs across departments, rebranded as “performance management”. One worker said they got a pay rise and a promotion weeks before being tossed aside. Others describe “unlimited PTO” that vanishes when you actually use it, benefits that shrink every quarter, and bosses who couldn’t care less as long as the numbers hit.

Glassdoor’s full of ex-employees calling the place a fraud. Reddit threads paint it as a panic factory. They want to be the next Big Four but treat staff like disposable assets. The result? Exhaustion, mistrust and a culture that feeds on fear. You can’t run a credible audit when your own workforce is waiting for the next axe to drop.


The Cummins Complicity

And through it all, they’re still shovelling cash into Cummins – $3.38 million worth. A company fined for cheating emissions, forced to recall 600,000 trucks, and still spinning its “sustainability” spiel. Forvis Mazars doesn’t flinch. To them it’s just another holding in a “diversified portfolio”.

That’s not diversification. That’s moral rot with a spreadsheet. You can’t brag about ethics while bankrolling one of the dirtiest industrial players on the planet. It’s blood money – scrubbed, sanitised, and tucked neatly into an ESG report.


The Pattern

Put it all together – harassment suits, pension probes, audit collapses, layoffs, diesel investments – and the picture’s clear. Forvis Mazars Wealth Advisors isn’t some unlucky outlier. It’s a symptom of the whole diseased system. They get caught, deny everything, change the nameplates and carry on.

Clients still sign. Staff still hope. Regulators still mumble. Nothing changes because rot this deep doesn’t fix – it just metastasises.

If you trust these people with your money, check your pulse. You might already be part of the problem.

Fuck settling for this crap – the truth’s out, and it’s time for change.

Lee Thompson – Founder, The Cummins Accountability Project


Sources

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