Washington, DC (PRWEB) April 16, 2014
Douglas Wolford, President and COO of Convergent Wealth Advisors, offers an opinion piece focused on the future of healthcare in America. This insightful article focuses on how upcoming healthcare shifts may affect all Americans, including the nation’s wealthiest families and individuals – and will place new and possibly unfamiliar responsibilities on wealth managers.
“With the rollout of the Affordable Care Act and Healthcare.gov, the timing seemed right to move beyond the political wrangling to address the real issues that everyone should take into consideration,” states Mr. Wolford. “I believe the days of defined benefit healthcare—at least the kinds of benefits we’ve grown up with—are numbered.”
Mr. Wolford is responsible for executive and operational management at Convergent after many years working in the financial services, technology, and healthcare fields. Additionally, he is an adept writer on “lifestyle” management topics related to high net worth investors. His areas of recent focus include investments of passion, antiques, and healthcare. Mr. Wolford actively participates in pro-bono and advisory activities, and sits on the boards of several for- and not-for-profit organizations.
About Convergent Wealth Advisors
Convergent Wealth Advisors is a recognized industry leader in wealth management, advising on over $11 billion in assets (as of December 31, 2013). Assets under advisement (“AUA”) include assets under management and other assets that Convergent provides investment advice on a non-discretionary basis. 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. Independence by Convergent™ is a division of Convergent focused on servicing clients with $1 million and more in investable assets.
City National Bank is backed by $29.7 billion in total assets (as of December 31, 2013), and provides banking, investment and trust services through 77 offices, including 16 full-service regional centers in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. The company and its investment affiliates manage or administer $64.7 billion in client investment assets as of December 31, 2013. City National is the 25th largest American commercial bank by asset size.
Convergent has offices in Washington, DC, Los Angeles, New York, and Portland, OR.
Media Contact: Douglas Wolford | 301.284.1112 | Doug(dot)Wolford(at)ConvergentWealth(dot)com
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.
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.