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Threshold Group appoints chief investment officer

Wealth management firm Threshold Group has appointed Ronald Albahary as its new chief investment officer.

In his role, Albahary will provide strategic leadership and team management of Threshold’s investment advisory services group.

In addition, Albahary will help guide overall strategic direction with a seat on Threshold’s leadership team. He will join the company’s office in Philadelphia and will have direct contact with clients nationally.

Albahary’s previously served as CIO at Convergent Wealth Advisors, along with investment leadership roles at Schroder Investment Management, SEI and Merrill Lynch.

Albahary succeeds Ernie Ankrim, who served as Threshold’s interim CIO earlier in 2011.

Threshold Group president Ed Lazar said 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.