The SEC charged James Warring, founder and CEO of EagleStone Wealth Advisors, for breach of fiduciary duty for arranging for a client, with whom he had entered into a romantic relationship, to make and forgive a $350,000 loan to his family members. He further charged the client with unauthorized and undisclosed consulting fees for certain assets managed by the client's family office and management fees for real property not included in the firm's investment management agreement. Warring purportedly advised the client to enter into agreements authorizing, waiving, and forgiving the problematic transactions and fees. Upon the client moving the management of all assets to her family office, Warring presented her with an indemnification agreement releasing any and all claims by her or her children or their representative against Warring and EagleStone. EagleStone is an adviser to individuals and pension plans with approximately $200 million in RAUM currently. Warring subsequently reimbursed the client for certain loans, gifts, investments, and unauthorized fees and agreed to a $450,000 penalty and industry bar.