Convergent expands its institutional-advisory team

Thomas Coyle

15 July 2009

Boutique hires ex-UBS advisor to strengthen year-old not-for-profit group. Multifamily office Convergent Wealth Advisors has hired former UBS advisor David Sotsky as a director of its Institutional Group in its Rockville, Md., headquarters.

"This is a critical time for the institutions, non-profits and foundations that serve our society," says CWA's Institutional Group head George Dunn. "We are confident that David will play an important role in helping lead our efforts in this marketplace."

A year ago

Dunn joined CWA from Citigroup -- where he led Smith Barney's successful "Potomac" institutional group -- along with his colleagues Peter Dunne and Bruce Wall about a year ago. Joining them from Smith Barney at about the same time to round out CWA's institutional business and establish an office in Rochester, N.Y., were Lori Van Dusen, David Mattia and Rick Van Kuren.

Sotsky says CWA's "Institutional Group has proven its commitment to the not-for-profit community." He adds that he feels "privileged to join a firm with such a talented and highly regarded group of individuals."

CWA, part of the Chicago-based Convergent Capital Management network of wealth- and asset-management boutiques, and a subsidiary of Los Angeles-based City National Corporation, advises high-net-worth investors, family offices and institutions on assets of around $10 billion.

In addition to Rochester and its HQ just outside Washington, D.C., CWA has offices in Atlanta, Chicago, Los Angeles, New York, Philadelphia, Portland, Ore., and Seattle. -FWR

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