Ron Albahary Joins Convergent as Chief Investment Officer

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.

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CONTACT: Convergent Wealth Advisors
Media Contact:
Laura Smith
301.998.0304
Laura.Smith@ConvergentWealth.com