Steve Lockshin, founder and chairman of top RIA firm Convergent Wealth Advisors, has joined the executive board of Ron Carson’s firm, Carson Wealth Management Group, a competitor to Convergent. Lockshin will help develop the growth strategy for Carson Wealth, Peak Advisor Alliance, Carson’s coaching firm, and Carson Institutional Alliance, his network of advisors.
Lockshin founded Convergent in 1994, and served as CEO of the firm for 18 years. He stepped down from the CEO role in June 2012 to focus on the launch of Advizent, an RIA consortium. But Advizent had to close its doors in March 2013, due to lack of funding.
While running Convergent, Lockshin founded what is now known as Fortigent, an outsourced wealth management platform with more than $70 billion in assets. Fortigent was purchased by LPL Financial two years ago.
Convergent, which is owned by publicly-held City National Corp., advises on more than $11 billion.
Omaha, Neb.-based Carson Wealth, founded by Carson in 1983, advises on over $2.7 billion in assets.