The ADV Analyzer measures the Total Quality of a Registered Investment Adviser’s (RIA) Form ADV filing.
What is the Regulatory Report Card
Convergence's Integrated Compliance Report Card gives users a view into the quality of an adviser's Form ADV, Form D, and Form 13F filings and perhaps a glimpse into compliance stress.
How You Benefit
Improve the efficiency and effectiveness of your compliance team
Identify and manage compliance risk
Fix problems in your Regulatory Filings you may not know existed
Pre and Post-investment Operational Due Diligence monitoring of compliance culture
Understand the quality of your filings and compare them to your peer group
Understand which filings are helping and hurting you and take corrective action
Pre-investment ODD to identify potential issues within an adviser's middle and back-office
Identify opportunities to help existing clients improve the quality of their filings
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.
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
Advisers that are "at risk" should take steps to improve the quality of their regulatory filings.
Do you know what your filing quality is?
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.
ORDERING YOUR REGULATORY REPORT CARD IS SIMPLE AS 1-2-3
STEP 1: Lookup the SEC-registered Advisor
STEP 2: Select the desired Advisor list from below
|CRD||Legal Name||DBA NAME||MANAGER NAME|
|CRD||Legal Name||DBA NAME||MANAGER NAME|
STEP 3: Hit the button below to complete the order
As soon as your payment has been verified, you’ll receive an email within 24 hours.
Don't Walk Off the Cliff Blindfolded
A minimal cost for insurance to make your compliance team become more efficient and effective.
Request a Sample
See how out data and research will optimize your business model. Contact George Gainer to set up a demo data Today!
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.
" The Convergence team and their ADV Analyzer exceeded our expectations. They are experts on the Form ADV. Their guidance on completing our Form ADV and ability to describe market best practices was very helpful since we are a Non-US Adviser. We highly recommend Convergence's ADV Analyzer! "
-Compliance Manager at a Brazilian-based asset manager
"I use the ADV Analyzer in all of my pre- and post-investment due diligence. It helps me to identify compliance risk and assess the compliance culture at an asset manager."
-Operational Due Diligence professional at a state pension plan
"The ADV Analyzer is a necessary value-add tool that we include in all of our compliance products."
-Compliance Professional at a Top 25 fund administrator
"I don't know why every Chief Compliance Officer in this industry doesn't buy this."
-Current CCO at a $25 billion asset manager and former SEC Examiner.
Our Data and operating principals
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.
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 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 Mode
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.
What is the ADV Analyzer?
How is the Total Quality Score measured?
The Total Quality Score is based on the Accuracy, Consistency and Frequency of the Registered Investment Adviser’s (RIA’s) Form ADV filing behavior.
Why should I care about the Total Quality of my Form ADV filing?
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.
How does the ADV Analyzer measure Accuracy?
Convergence measures Accuracy by examining your Form ADV filings for Errors and Omissions.
How does the ADV Analyzer measure Consistency?
Convergence measures Consistency by examining your interim and annual Form ADV filings and when you updated them, were they consistent or inconsistent with the market.
How does the ADV Analyzer measure Frequency?
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.
How do I know whether my Total Quality Score is considered good?
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.
Why should I care about the filing quality of my Form ADV?
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 are the benefits of the ADV Analyzer?
•Improves the "quality" of your interim and annual ADV filings.
•Keeps you aware of the practices of all other Advisers in the market.
•Demonstrates your commitment to a strong "compliance culture."
•Avoids inadvertently tripping exam "triggers" used by the SEC.
•Reduces the cost and time created by excessive filings.
•Encourages "teamwork" across your organization to improve your regulatory filings.
In what format will I receive the ADV analyzer?
You will receive the ADV Analyzer in PDF format.
When will I receive the ADV Analyzer after purchase?
You will receive the ADV Analyzer within 2 business days after purchase.
Can I buy more than one ADV Analyzer?
Yes – email firstname.lastname@example.org to learn more about purchasing multiple ADV Analyzers.
Do you have a support number or email if I have questions about the ADV Analyzer?
Yes, there is a support chat on our page as well as a contact email email@example.com
Will Convergence be available to provide support to specific questions regarding my ADV and ADV Analyzer?
Yes – email firstname.lastname@example.org consulting options are available as well.
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