 Financial Backing
Convergent Capital Management’s parent company is City National Corporation (NYSE: CYN), a publicly-held financial services firm with long-term commitment to the wealth management market. Our affiliates and their clients benefit from the enhanced strength, stability and expertise that City National can provide. Our relationship with City National offers the following advantages:
- Support for affiliate growth programs
- Enhanced access to expansion capital
- Expanded wealth management capabilities to meet the needs of our affiliates and their clients
- Financial stability – City National has $55.1 billion
in assets under management and administration
City National - A Growing Wealth Management Business
| |
At or for the three months ended December 31, |
% Change |
| |
2010 |
2009 |
| Trust and Investment Fees (Millions) |
$34.5 |
$33.7 |
2 |
| Brokerage and Mutual Fund Fees (Millions) |
6.5 |
5.5 |
19 |
| Assets under Management1 |
36,753.7 |
35,238.8 |
4 |
| Assets under Administration and Management1 |
58,470.8 |
55,119.4 |
6 |
(1) Excludes $21.3 billion, $19.0 billion, and $13.4 billion of assets under management for
asset managers in which City National held a noncontrolling ownership interest as of
December 31, 2010, September 30, 2010, and December 31, 2009, respectively.
For more information on City National, visit www.cnb.com.
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