Lawyers for Britney Spears' conservator father have been granted permission to rejig the investment of her assets to reflect changes in the stock market.
The pop star's father, Jamie, has been in charge of his daughter's legal and business affairs since her headline-grabbing breakdown in 2008 and he resumed full control over her estate in January (13), when Spears' former fiance Jason Trawick resigned as her co-conservator in the wake of their split.
Jamie's attorneys headed to a Los Angeles court on Friday (29Mar13) to request Judge Reva Goetz's approval to modify the Toxic hitmaker's investment strategy, which had not been changed since the conservatorship was put in place five years ago.
The motion was granted and Jamie's lawyer Andrew Wallet reveals they will now work to move her assets out of bonds, which are no longer as profitable.
He tells Eonline.com, "We modified so we could stay ahead of shifts in the economy, as they are changing now more rapidly than they were over the last three years...
"We have been very diligent on how we have been investing her assets and have been weathering the bad economy very well and we want to continue to do so. (The) market is changing, and we need to stay abreast of it."