Company Press Release

WASHINGTON, Oct. 5, 2009 (GLOBE NEWSWIRE) -- Convergent Wealth Advisors today announced that Ron Albahary, CFA(R), has joined the company as its Chief Investment Officer. In his new role, Mr. Albahary will chair Convergent's Investment Committee, manage Convergent's research team (the Investment Strategy Group), and act as the voice of the firm's investment thought leadership. Mr. Albahary will report directly to Steve Lockshin, Convergent's Chief Executive Officer.

"We are very pleased to have someone with Ron's deep and broad experience join Convergent," said Mr. Lockshin. "Our research team is comprised of twenty investment professionals focused exclusively on the needs of ultra-high net worth and institutional investors, and Ron's proven leadership abilities will further strengthen the skill set of this very talented group."

"Convergent understands the real risks investors face in an increasingly uncertain world and has proven itself as a thought leader in designing and implementing innovative portfolio solutions to meet the needs of their sophisticated clients. I look forward to directing the firm's research efforts," said Mr. Albahary.

Mr. Albahary, a 19-year industry veteran, was most recently with Schroder Investment Management North America Inc. as Head of Strategic Investment Solutions where he was responsible for leading and promoting the firm's multi-asset business in North America. In addition, his role involved developing and delivering asset allocation solutions and acting as the firm's lead voice of investment strategy to clients in the region.

Prior to Schroders, he held various investment leadership positions including Managing Director of SEI Global Private Client Portfolio Management, Chief Investment Officer of Merrill Lynch Retirement Group and Portfolio Manager at North Trust Global Investments.

Mr. Albahary earned a Bachelor of Science degree in Economics from the Wharton School of the University of Pennsylvania and is a Chartered Financial Analyst(R). He also holds the Financial Industry Regulatory Authority (FINRA) Series 7 and 63 licenses.

ABOUT CONVERGENT WEALTH ADVISORS

Convergent Wealth Advisors is an industry leader in wealth management, advising on approximately $10 billion in assets for individuals, institutions and family offices. With an open-architecture investment philosophy and a boutique-style approach to client service, Convergent provides specialized investment management, portfolio advisory and performance measurement services to over 370 client relationships. Convergent is headquartered outside of Washington, DC, with offices in Atlanta, Los Angeles, New York, Philadelphia, Portland (OR), Rochester (NY), and Seattle and has 107 employees located nationwide. Convergent is a subsidiary of Convergent Capital Management and its parent company City National Corporation.