ADV Analyzer

Convergence's ADV Analyzer

Evaluate Advisor ADV filings

Insights into the Private Fund Auditor Industry. The Most Comprehensive League Tables on the Private Fund Industry with Over 90,000 Funds.
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Advisors

Avoid inadvertently triggering an SEC exam and reduce the cost and time created by excessive filings

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Institutional Advisers

Cost effective, data driven insights that identify risk in the pre and post due diligence process

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Service Providers

A value add tool to help your clients identify and manage risk

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How You Benefit

What We Offer

What is the ADV Analyzer

Convergence analyzes and profiles the filing patterns of all SEC registered Advisors. Our analysis draws from the 200,000 Form ADV part 1 and 2 documents in our database.
Comprehensive Analysis

Scores the total quality of your regulatory filing by measuring the three areas that the SEC focuses on: Accuracy, Consistency, and Frequency.

Our analysis will help you efficiently identify and manage compliance risk within your regulatory filing

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Our ADV Analyzer

Bridge the Gap

Our ADV Analyzer finds ways to improve your filings that you may not be aware of and offers pointed solutions saving your firm’s compliance team time and effort.
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know what your filing quality is

Improve the quality of the Form ADV

Advisers that are “at risk” should take steps to improve the quality of their Form ADV. Weaker Practices have scores lower than 84%. Consistent Practices have scores consistent with 68%, and best practices have scores higher than 84% of all filers. To avoid litigation issues with the sec – spend a little to save a lot
experience excellence

The SEC is Watching!

The SEC has publicly disclosed their use of more advanced data mining and analytical techniques to proactively identify Advisers that demonstrate “off-market” regulatory filing practices.
Advisers with “off-market” practices are fertile ground for further inspection. The SEC views Advisers making “off-market” filings as potential “bad actors” that can create risk to investors and the market.
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Who We Are

Meet the founders

Convergence was founded in 2013 by former executives of JP Morgan, Apollo Global, GlobeOp Financial, BISYS, Fidelity Alternative Investments, Bank of America, Arthur Andersen, KPMG, and MFS Investments who sought to fill a void in data, research and analytics coverage of the Alternative Investments space. A combined 120 years of industry experience coupled with our leading technology has rapidly brought Convergence to the forefront of RIA infrastructure best practices and transparency.
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To avoid litigation issues with the sec - spend a little to save a lot

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FAQ

The ADV Analyzer measures the Total Quality of a Registered Investment Adviser’s (RIA) Form ADV filing.
The Total Quality Score is based on the Accuracy, Consistency and Frequency of the Registered Investment Adviser’s (RIA’s) Form ADV filing behavior.

The SEC continues to criticize registered Registered Investment Advisers (RIA) for inaccurate, inconsistent, and less frequent regulatory filings. The SEC has publicly disclosed their use of more advanced data mining and analytical techniques to proactively identify Advisers that demonstrate “off-market” regulatory filing practices. “Off-market” practices are relatively easy to spot when one examines the filing practices of one Adviser versus 17,000 other Advisers. Adviser filings across multiple periods that “materially” differ from their prior filings or are inconsistent with the filing practices of other Advisers across the market. Advisers with “off-market” practices are fertile ground for further inspection. The SEC views. Advisers making “off-market” filings as potential “bad actors” that can create risk to investors and the market.

Convergence measures Accuracy by examining your Form ADV filings for Errors and Omissions.
Convergence measures Frequency by identifying the number of interim and annual Form ADV filings that you made during the year. Too many filings suggests the correction of errors and omissions and/or significant and material changes to your business, each of which is likely to draw the SEC’s attention. Too few filings suggests that your business has not changed materially enough to have filed an interim update. Period-to-period comparisons of changes can determine whether you make interim updates.
Convergence measures Frequency by identifying the number of interim and annual Form ADV filings that you made during the year. Too many filings suggests the correction of errors and omissions and/or significant and material changes to your business, each of which is likely to draw the SEC’s attention. Too few filings suggests that your business has not changed materially enough to have filed an interim update. Period-to-period comparisons of changes can determine whether you make interim updates.
Convergence plots the Total Quality Score for all Registered Investment Advisers (RIA) in a distribution curve. Advisers in the “right tail” are considered Best Practices because their scores are higher than 84% of all filers. Advisers are considered to have “Consistent Practices” when they are in the “middle of the curve” and are consistent with 68% of all Advisers. Advisers in the “left tail” are considered to have Weaker Practices because their scores are lower than 84% of all filers. Advisers with scores in the left tail of their peer group distribution, and/or have individual test results in the left tail are likely to draw the attention of regulators.
The SEC and Investors expect Registered Investment Advisers (RIA) to issue accurate, consistent and timely regulatory filings. Advisers can demonstrate their commitment to regulatory compliance by meeting basic filing standards. Most Advisers seek to meet their basic filing standards. Yet, they don’t know how consistent they are to their peers. Investors, Regulators and Plaintiff Attorneys use “off market” filing quality for different reasons.The Contact Directory is available for download immediately after the order is complete.
What sets us apart from other providers

The Convergence Ten Data and Operating Principles

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