Convergent Wealth Advisors' former chairman, Steve Lockshin, was one of the investors in an outside fund run by the firm's late CEO -- a fund that Convergent officials say is under investigation by regulators and the FBI.

Convergent CEO (and longtime Lockshin friend) David Zier committed suicide on Oct. 15, after learning of the outside investigation into "irregularities" at the ZAM fund, which Zier had run for years as an outside business activity.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access