Convergence Wealth Advisors to focus on wealth planning, investment advisory services

PROVIDENCE – A long-time partner of LGC+D LLP has left the company and merged his wealth management business with a Fall River firm to create a new company – Convergence Wealth Advisors.
Providence-based LGC+D Wealth Management, formerly an arm of LGC+D LLP, has split from the accounting firm and joined with Eastern Advisors to create the new wealth management firm, which will focus strictly on wealth planning and investment advisory services.
With $80 million under management, Convergence will provide financial planning for families, charitable organizations and qualified retirement plans.
Jerry Dorfman, formerly a partner of LGC+D LLP where he spent most of his career, will become Convergence principal owner with Eastern Advisors former managing partner Ed Siegal.
“This is a merger of two firms that share identical investment and wealth planning philosophies,” said Jerry Dorfman, Convergence principal and founder of LGC+D Wealth Management, in a statement. “Given our common values, mutual interest in client service and close proximity, joining forces made sense on every level.”
Dorfman and Siegal, met through the independent wealth managers’ group BAM Alliance, according to a press release.
“Jerry has been a friend and colleague for years,” Siegal said in a statement. “We are completely on the same page regarding the importance of evidence-based investing and putting the interests of clients first in every situation. Being able to consult with Jerry on client situations will be helpful to me and a benefit for the client.”
The firm will also be putting a special focus into life and family transitions, including retirement, the sale of a business and the loss of a spouse.
“Families always benefit from well thought out financial planning, smart tax strategies and disciplined investment,” Dorfman said. “But during the big transitions we face over the years, having your plan in order is critical.”
Dorfman and Siegel will continue to work in their offices in Providence and Fall River. The three-person team will be rounded out by Kristin Dexter, client relationship administrator, who will act as a liaison between Convergence and other professionals.

No posts to display