Private wealth executive joins group’s Leadership TeamAugust 1, 2011
PHILADELPHIA, PA. – Threshold Group, a wealth management firm serving a select clientele of families and private family foundations, has hired Ronald G. Albahary, CFA, as Chief Investment Officer. Albahary's background includes previously serving as CIO at Convergent Wealth Advisors, along with investment leadership roles at Schroder Investment Management, SEI and Merrill Lynch. Beginning this month, Albahary will provide strategic leadership and team management of Threshold's investment advisory services group. In addition he will help guide overall strategic direction with a seat on Threshold's Leadership Team. He will join Threshold's office in Philadelphia and will have direct contact with clients nationally.
"We are genuinely gratified and excited to have Ron joining our team because he offers that
rare balance of investment insight and common sense that our clients and our associates so
appreciate,” said Ed Lazar, President of Threshold Group."Ron is both grounded and creative
in his thinking, and he will lead a passionate investment team that has generated real value
for our clients during nearly every type of market environment imaginable."
Albahary succeeds Ernie Ankrim, who served as Threshold's interim CIO earlier this year.
Ankrim served the interim role after retiring as Chief Investment Strategist at Russell
Albahary will provide Threshold with more than 20 years of investment management and
advisory experience with an emphasis on the customized needs of high-net worth private
investors, families and family foundations. He earned an economics degree from the
Wharton School of the University of Pennsylvania, is a Chartered Financial Analyst (CFA)
charterholder, and is a member of the Chartered Financial Analyst Society of Philadelphia.
At Convergent Wealth Advisors he headed up the research team and chaired the Investment
Committee responsible for advising on approximately $15 billion in assets. At Schroder
Investment Management North America, he was the Head of Investment Solutions; at SEI, he
helped oversee more than $60 billion in assets as Managing Director of Global Private Client
Portfolio Management and, prior to SEI, he served as the Chief Investment Officer of Merrill
Lynch Retirement Group advising on more than $150 billion in assets. He also spent several
years as a portfolio manager at Northern Trust and Merrill Lynch where he focused on U.S.
large cap equities and balanced portfolios for endowments, foundations and individual
"I am energized by the opportunity to build upon the Threshold culture of client service, risk-
sensitive investment strategies and unconstrained innovation focused on meeting client
goals," said Albahary. " While Threshold is a young and growing firm, it has already
established a respected reputation for understanding increasingly volatile markets and, as a
result, successfully navigating clients through turbulent times. I look forward to working with
this capable and skilled group by contributing my own ideas as well as applying my passion
for helping clients with their investment needs."