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CNBC Digital Financial Advisor Council

Steve Lockshin

Steve Lockshin
Source: Steve Lockshin

Steve Lockshin is a serial entrepreneur within the wealth advisory industry. In 1994 Lockshin founded Convergent Wealth Advisors (formerly CMS Financial Services) and served as CEO for 18 years and chairman through 2014. Under his leadership the company became one of the largest wealth advisory firms in the industry, perennially recognized as a top RIA to the ultra-affluent. Steve has been ranked #1 by Barron's in both their state (California) and national rankings in numerous periods.

Lockshin was also an influencer in the technology side of the industry. In 1995, while developing what became Convergent, Steve founded CMS Reporting, now known as Fortigent, a leading provider of outsourced wealth management and reporting solutions. Fortigent was acquired by LPL Financial Holdings in 2012.

Since turning over the reins as CEO of Convergent, Lockshin has focused his efforts on serving as a champion for the fiduciary standard. In September 2013, his book "Get Wise to Your Advisor" was published, offering investors insights on how to find a capable, "true-fiduciary" advisor. Lockshin holds the Investment Management Consultants Association's Certified Investment Management Analyst designation (CIMA) and the Investment Strategist Certificate.

He still serves many of his clients through his newest RIA venture, AdvicePeriod, while also playing an active role at Betterment Institutional, where he is focused on enabling advisors to more efficiently operate their businesses and better serve their clients.

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