Wealth management firm Threshold Group 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,” says 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 Investments.
"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," says 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."
