Convergent Wealth Management, LLC

Convergent Wealth Management, LLC is a boutique firm specializing in financial planning and portfolio management. Founded in 2009 by John P Stobbs and Jeannie N Seabaugh, the firm offers tailored financial planning services, including tax planning, insurance planning, and retirement planning. For clients paying an Assets Under Management (AUM) fee, financial planning services are complimentary. The firm manages client accounts on a limited discretionary basis, with fees ranging from 1% to 2% based on account size and complexity. Convergent utilizes various securities for portfolio management, tailoring services to individual client needs. The firm acts as a fiduciary, required to act in clients' best interests. They do not charge performance-based fees and may provide services to individuals, high net worth individuals, businesses, and non-profits. Clients have investment discretion and can set restrictions on investing. The firm does not participate in wrap-fee programs and managed approximately $116,289,000 in assets as of December 31, 2020. Convergent does not accept sales awards, participate in soft dollar activities, or vote proxies on behalf of clients. The firm requires client assets to be held by a qualified custodian and may have limited trading authority. Clients receive regular account statements and confirmations directly from the custodian. Convergent's principals, John Stobbs and Jeannie Seabaugh, have no legal or disciplinary events and maintain high ethical standards. The firm prioritizes client privacy and safeguards personal and financial information.