Steve Lockshin founded Convergent Wealth Advisors (formerly CMS Financial Services) in 1994 to deliver a differentiated offering to ultra-affluent individuals. Under his leadership, Convergent has become one of the nation’s leading wealth management firms, providing investors with objective advice, flexible investment solutions, and complete transparency.
Recognized as a thought leader in the wealth management industry, Steve helped to pioneer the open architecture approach to investing. He was also an early adopter of asset allocation strategies for the ultra-high net worth client, employing a mathematical process to determine appropriate client portfolios based on cash flow needs. With Steve’s oversight, Convergent became an innovator in the use and analysis of risk and reward parameters for alternative portfolios, equity risk management for concentrated portfolio holdings, and other strategies now employed industry-wide.
Steve has received many industry accolades, including being ranked the #1 on Barron’s 2011 Top 100 Independent Financial Advisors list. Barron’s also ranked Steve the top advisor in California in 2012. In 2010, Washingtonian magazine named Steve as one of the Top Financial Advisors in the Washington, DC area. The Barron's and Washingtonian ranking criteria are located here.
In 1995, as part of the development of Convergent Wealth Advisors, Steve founded CMS Reporting. CMS Reporting is now known as Fortigent, LLC, a leading provider of outsourced wealth management solutions with $50 billion in assets on its platform.
In 2012, Steve founded Advizent, a membership organization of investment advisory firms. The mission of Advizent is to promote client-centric wealth management and to provide consumers the access and information to make educated decisions when evaluating financial advisors.
Steve previously served as a partner at Meltzer & Associates, a nationally recognized firm providing services in insurance, estate planning, and executive compensation. Prior to joining Meltzer, he worked with Legg Mason Wood Walker in various business units, including an extended period in the municipal bond department.
Steve earned a Bachelor of Science degree from the University of Maryland. He also holds the Investment Management Consultants Association's Certified Investment Management Analyst (CIMA®) designation and the Investment Strategist Certificate (ISC), as well as the Financial Industry Regulatory Authority (FINRA) Series 7, 63, and 65 licenses. He is a long-time member of the Young Presidents Organization (YPO) in the Washington, DC and Pacific Northwest (Seattle) chapters. Steve is an accomplished pilot, graduating from his private pilot certificate to piloting corporate jets in less than three years.