Sunday, 28 December 2014
Last updated 3 days ago
Dec 17 2013 | 2:32pm ET
Fisher Investments alumnus Richard Wells has joined Convergent Wealth Advisors as managing director.
The 20-year industry vet will focus on the firm's wealth management platform, Independence by Convergent, which serves clients with investable assets of $1 million or more. Wells will work to expand the platform's presence beyond Washington, DC; New York and Los Angeles, concentrating initially on the Atlanta, Georgia market.
The Independence platform had $500 million under advisement as of September 2013, representing growth of almost 100% in a year. The platform's client base has more than doubled in that period.
Said Convergent CEO Dave Zier in a statement: “To have a talent like Richard join Convergent is a testament to our solid brand and related ability to attract some of the best talent out there.”
Convergent advises on over $11 billion in assets (as of September 30, 2013), providing investment consulting services and customized wealth management solutions to ultra-high net worth individuals and family offices with investable assets of $10 million and more.
Convergent is a majority-owned subsidiary of Convergent Capital Management, which is a subsidiary of City National Corporation, the parent company of City National Bank.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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