ROCKVILLE, Md., April 28, 2008 (PRIME NEWSWIRE) - Convergent Wealth Advisors today announced that Dan Rice has joined as a Managing Director in Convergent's New York office. Mr. Rice joins Convergent from U.S. Trust Company, where he managed nearly $1 billion in assets for high net worth clients. In his new role, Mr. Rice will focus on representing Convergent's services to ultra-affluent individuals and family offices both in New York and nationwide. Convergent currently has approximately $1.5 billion in assets under advisement for clients located in the New York metropolitan area.

"Dan is an excellent addition to the Convergent team," said Steve Lockshin, Chairman and CEO of Convergent Wealth Advisors. "His unique background makes him especially well-suited to serve the ultra-affluent that look to Convergent as their wealth advisor."

"I am excited to be part of such a dynamic and rapidly growing firm," said Mr. Rice. "With its commitment to exceptional service, objectivity and innovation, I believe that Convergent is uniquely positioned to service the ultra-affluent market."

In 2007, Mr. Rice founded Marshall Fund Capital Management, a private equity fund focused on Iraq which is now managed by his co-founders. Prior to joining U.S. Trust, Mr. Rice was a Vice President with Bernstein Research & Investment Management.

Mr. Rice is a graduate of the U.S. Military Academy at West Point where his concentration was National Security. He served in various leadership assignments in the Army until leaving the service in 1991. Mr. Rice holds an MBA from the Kellogg Graduate School of Management at Northwestern University. He joined the National Guard after September 11, 2001 and volunteered to serve a year in Tikrit, Iraq from 2004-2005. He has been awarded the U.S. Army Airborne Badge, Ranger Tab and Combat Action Badge.

Mr. Rice is very involved in several organizations that support U.S. national security and the environment. He is a member of Business Executives for National Security (BENS); a lifetime member of the VFW; a board member of Veterans for National Security Foundation (VNSF); and the Treasurer of WildAid, an environmental non-profit that seeks to eradicate the trade of endangered species, as well as many others.

About Convergent Wealth Advisors

Convergent Wealth Advisors is an industry leader in wealth management, advising on nearly $9 billion in assets. Convergent provides investment consulting services and wealth management solutions tailored specifically to the ultra-affluent marketplace, including advice on concentrated stock strategies, alternative investments, collateralized lending, specialty financings, and insurance and estate planning. Convergent works primarily with individuals and families with investable assets in excess of $10 million and has offices in Rockville, MD, New York, Philadelphia, Atlanta, Seattle, Portland, OR, Chicago and Los Angeles. Convergent is a subsidiary of Convergent Capital Management and its parent company City National Corporation (NYSE:CYN).

CONTACT: Convergent Wealth Advisors
Media Contact:
Laura Smith