A wider window opens on David Zier tragedy as Convergent is made to pay and FINRA and SEC make themselves scarce
The life insurance on the suicide was executed with chilling precision by the ex-CEO and the CFTC was called in to do the regulatory dirty work
|January 6, 2017 — 10:46 PM UTC|
City National sells off salvaged remains of Convergent Wealth Advisors, but not before Convergent sheds nearly $7 billion of AUM
After a trifecta of traumas, Mark Hurley steps in to fund and help construct deal with Pathstone and PagnatoKarp; cuts a deal with four younger advisors to start segmented division
|September 13, 2016 — 5:26 PM UTC|
Debriefing a post-Convergent Steve Lockshin as he once more builds a classic RIA -- or is it neo-classical?
AdvicePeriod's chief says he won't poach Convergent (if he can avoid it) and hopes that his $300-million RIA will have a Betterment feel
|January 8, 2015 — 5:55 PM UTC|
With Convergent experiencing advisor exodus, City National takes greater control of the RIA
Doug Wolford gets a vote of confidence from his City National-controlled board of directors and he references a new five-year plan of creating a 'professional management structure'
|December 6, 2014 — 10:53 PM UTC|
Convergent Wealth begins to pick up the pieces after David Zier's death
The $9.4-billion RIA is said to be facing massive challenges in retaining advisors and clients -- rumors discounted by CEO Doug Wolford
|November 4, 2014 — 6:02 AM UTC|
Barron's: David Zier's death takes another tragic twist
The Convergent executive's death was likely a suicide related to non-Convergent money managed for family and friends by Zier in a 'personal account'
|October 25, 2014 — 9:58 PM UTC|
The RIA business mourns the death of David Zier
The chief executive of Convergent Wealth Advisors was only 44
|October 25, 2014 — 1:52 AM UTC|
What led to Advizent's end and why Steve Lockshin is unfazed, even energized
The RIA business -- including custodians, asset managers and advisory firms -- lived up to its reputation of resisting cooperation
|May 15, 2013 — 11:00 PM UTC|