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.
ADV Analyzer
Advisors
Avoid inadvertently triggering an SEC exam and reduce the cost and time created by excessive filings
Institutional Advisers
Cost effective, data driven insights that identify risk in the pre and post due diligence process
Service Providers
A value add tool to help your clients identify and manage risk
our focus
How You Benefit
- Improve the efficiency and effectiveness of your compliance team
- Identify and manage compliance risk
- Fix problems in your ADV Filing you may not know existed
- Gain peace of mind when filing
- Avoid reputation harm from litigation issues
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
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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Note: your details are kept strictly confidential as per our privacy policy.
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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.
Don't Walk Off the Cliff Blindfolded
To avoid litigation issues with the sec - spend a little to save a lot
Testimonials
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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
Our Business Focus
We focus on the early detection and remediation of non-investment risk within and across managers in your portfolio and the market by adopting a daily monitoring and analytical culture.
Our Data and Informational Assets
Our data sourcing is continuous and includes a variety of sources from which we create original content that infuse with meaning. We hold ourselves to a 95% data accuracy standard.
Our Business Rules and Algorithms
128,000 lines of code have been written to create 350+ business rules and proprietary algorithms, all trained to identify non-investment risk conditions of interest for our clients.
Our Use of Data Science
We apply data science techniques to our data to discover “risk transactions” and “signals” that we can use to “get-out-in-front of and remediate non-investment risk early.
Our Clients
We have over 100 clients who face myriad challenges in the market. We deliver them a steady stream of new insights, products and enhancements based on their feedback.
Our Attitude Towards Risk and Compliance
We believe that most non-investment losses can be significantly reduced, and our goal is to help you identify and limit financial losses and reputational harm driven by non-investment risk.
Our Expertise
Our founders and senior leaders have 100+ years of experience leading growth and risk management agendas at the world’s leading asset management firms.
Our Service Delivery Model
Our service delivery model is flexible and based on a “push-pull” approach based on your needs. Our clients consume our data and content in multiple ways.
Our Focus on Education
We believe educated clients challenge us to be better each day. We provide initial and ongoing training to help you use our data and insights more effectively.
Your Return on Investment
We care about each dollar that you spend with us and work to ensure that you achieve your goals with our data and create a positive return on investment.
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