Fund Administrator and Fund Auditor Business Profiles and Insights
When you are looking for a new Fund Administrator or Auditor or simply to monitor them, use our Service Provider Profiles and Insights to guide your process.
They are an ideal supplement to support the pre-and post-selection due diligence that RIAs are required to conduct under the Adviser’s Act of 1940 on service providers they hire to support their clients. In fact, our reports will help you comply with the due diligence and monitoring requirements in the proposed SEC Outsource Service Provider Rule.
Our industry-leading research takes a deep dive into the business of your service providers and includes business growth, business fit, and other key service provider insights.
Business Profiles
Provides you valuable insights into the service provider’s business that you can use to compare to yours based on 10 proprietary business fit factors. Each factor is ranked among all peers in the market, and we provide a 3-year CAGR for each factor. This helps you identify the best service provider by leveraging the decisions made by tens of thousands of other RIAs
- Strategy Factor: Answers the question “how similar are the investment strategies of the service provider’s existing client’s strategy to mine?” We provide you with the percentage of the service providers clients with your strategy profile to the total number of their clients
- Size Factor: Answers the question “how similar are sizes of the service provider’s existing clients to mine?” We provide you with the percentage of the percentage of the service providers clients with your size profile to the total number of their clients
- Complexity Factor: Answers the question “how similar is the complexity of the service provider’s existing clients to mine?” We provide you with the percentage of the service providers clients with your complexity profile to their total number of their clients
- Fund Structure Factor: Answers the question “how similar are fund structures of the service provider’s existing clients to mine?” We provide you with the percentage of the service providers clients with your fund structure profile to their total number of clients
- Existing Client New Fund Win Rate: Answers the question “how many of the new funds launched by the service providers clients di they give to the service provider?” We provide you with the percentage of the service provider’s clients who have awarded them new funds and assets as a function of total funds and assets launched
- Existing Client Fund Losses: Answers the question “how many existing funds did the service provider lose to competitors or to closures.?” We provide you with the percentage of the service provider’s clients lost with your size profile to their total number of clients
- Business Concentration: Answers the question “how dependent is the service provider on their Top 10 clients?” We provide you with the percentage of clients whose business, defined as total fund assets, is greater than 10% of the service provider’s total assets
- Other Than Unqualified Audits: Answers the question “how many of the service provider’s clients report an Other than Unqualified Audit?” We provide you with the percentage of the service providers clients who have disclosed Other than Unqualified Audits
- Regulatory Violations: Answers the question “how many of the service provider’s clients report incurring regulatory violations?” We provide you with the percentage of the service provider’s clients who have disclosed a regulatory violation
- Primary Client Relationship: Answers the question “how many of the service provider’s clients enjoy being the primary service provider?” We provide you with the percentage of clients where the service provider has the largest share of its client's fund assets
Service Provider Business Fit Insights
Provides you with valuable insights into how the service provider business that you can use to compare to yours based on 10 business fit factors. Each factor is ranked among all peers in the market, and we provide a 3-year CAGR for each factor. This helps you identify the best service provider by leveraging the decisions made by tens of thousands of other RIAs
- Strategy Factor: The percentage of the service providers clients with your strategy profile to the total number of their clients
- Size Factor: The percentage of the service providers clients with your size profile to the total number of their clients
- Complexity Factor: The percentage of the service providers clients with your complexity profile to their total number of their clients
- Fund Structure Factor: The percentage of the service providers clients with your fund structure profile to their total number of clients
- Existing Client New Fund Win Rate: The percentage of the service provider’s clients who have awarded them new funds and assets as a function of total funds and assets launched
- Existing Client Fund Losses: The percentage of the service provider’s clients lost with your size profile to their total number of clients
- Business Concentration: The percentage of the service provider’s clients whose business, defined as total fund assets, is greater than 10% of the service provider’s total assets
- Other Than Unqualified Audits: The percentage of the service providers clients who have disclosed Other than Unqualified Audits
- Regulatory Violations: The percentage of the service provider’s clients who have disclosed a regulatory violation
- Primary Client Relationship: The percentage of clients where the service provider has the largest share of its client's fund assets
Other Key Service Provider Insights
Additional factors that can give you color on the service provider based on 5 factors, including:
- Financial Sustainability: Identifies if the service provider has commercial debt, the name of the lender and the type of collateral
- Cyber Security: Identifies the service provider's adherence or adoption to industry standard cyber security standards (NIST-National Institute of Cyber Security)
- Data Privacy: Identifies the service provider's adherence or adoption to industry standard data privacy standards in the regions it operates (e.g., GDPR, California Consumer Privacy Act (CCPA)
- ESG And ESG Support Services: Identifies the service provider's adherence or adoption to industry standard ESG standards. (e.g., UNPRI)
- Active and Inactive Litigation: Identifies the existence of active or inactive criminal, civil and regulatory citations where the service provider is a named party in a lawsuit
Please contact George Gainer (ggainer@convergenceinc.com)
Buy one report for $2,000 or save 25% by buying a bundle of 10 reports for $15,000!
Service Provider Insight Report
$2,000.00
Service Provider Insight Bundle
$15,000.00
Convergence's Data Independence and Accuracy
Independence
We are the only firm that does not rely on data sourced from insiders. Data sourced from insiders is often subjective and cannot be fully verified and validated by the data provider.
Accuracy
We spent several years testing, evaluating, normalizing and curating our data sources, including regulatory filings, and are proud to provide a 95% accuracy standard to the data we use to power our products and services, including attributing funds and assets to service providers and asset managers.
Breadth and Depth
Our combined fund database is the largest and most comprehensive in the market. We track 287,000+ active US and non-US Hedge, Private Equity, Venture Capital, Real Estate, Securitized Asset and Other funds.
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