Independence by Convergent™ Surpasses $500 Million in Assets Under Advisement

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Milestone highlights demand for wealth management solution as strong alternative to traditional brokerage houses.

Independence by Convergent™ Surpasses $500 Million In Assets under Advisement

Independence by Convergent™

These extraordinary accomplishments of firm growth reflect the mounting need for new and innovative solutions to managing wealth.

Independence’s recent exponential growth has pushed the division’s assets under advisement over $500 million as of late September 2013. This achievement is a strong reflection of the firm’s expanding presence within the wealth management space. Additionally, the Independence client base has more than doubled in less than a year. Bill Bancroft, executive director of Independence, stated, “This is a very exciting time for us and our clients. Through the use of technology and our keen focus on recognizing client goals, we are achieving a new level of wealth management—sophisticated investment plans and exceptional service—which is not readily available to most high net worth investors.”

Convergent CEO David Zier noted, “These extraordinary accomplishments of firm growth reflect the mounting need for new and innovative solutions to managing wealth. Our team is truly driven to help investors achieve their goals utilizing the best approach possible.” Now and in the future, Independence is the solution for investors seeking both wealth guidance and investing advice at their fingertips.

About Independence by Convergent™ and Convergent Wealth Advisors

Independence by Convergent™ is a division of Convergent Wealth Advisors and is focused on servicing clients with $1 million and more in investable assets. Convergent Wealth Advisors is a recognized industry leader in wealth management, advising on over $11 billion in assets (as of June 30, 2013). Convergent provides investment consulting services and customized wealth management solutions to ultra-high net worth individuals and family offices with investable assets of $10M and more.

Convergent has offices in Washington, DC, Los Angeles, New York, and Portland, OR.

Media Contact: Douglas Wolford | 301.284.1112 | Doug.Wolford(at)ConvergentWealth(dot)com

Disclosure: The information provided references the growth in Independence by Convergent AUA and number of clients between 9.30.12 and 9.30.13. Convergent is a majority-owned subsidiary of Convergent Capital Management, which is a subsidiary of City National Corporation (NYSE:CYN), the parent company of City National Bank.

Non-deposit investment products are not FDIC insured, are not deposits or other obligations of City National Bank, are not guaranteed by City National Bank and involve investment risks, including the possible loss of principal.

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Douglas Wolford
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