Data and Business Intelligence taken to the next level.
Convergence has revolutionized the way that the asset management industry creates decision support. We focus on delivering you the dynamic business intelligence you need and eliminate the difficult, time intensive and expensive task of collecting, curating and enriching data. Effective business intelligence requires accurate, complete and proprietary data that is shaped by subject matter experts to provide you with the data driven insights that tell you the stories you need to execute your revenue, profit and risk management objectives.
Convergence was founded in 2013 by subject matter experts who brought their successful track records and experiences helping firms like Apollo Global Management, JPMorgan, GlobeOp Financial, BISYS, Fidelity, Bank of America, Arthur Andersen, KPMG, and MFS Investments grow profitably and safely.
Featured in the Press
WHO WE ARE
A Data as a Service Company (DaaS)
Company Overview
Convergence Inc. is a data-driven analytics and consulting company focused on the financial services sector, particularly the alternative investment industry. Founded in 2013 by veteran C-suite executives from leading financial firms (including Apollo Global Management, JPMorgan, Bank of America, KPMG, and others), Convergence was created to fill a void in available data, research, and analytics for alternative asset managers, institutional allocators, and their service providers. The company delivers its offerings through a “data as a service” (DaaS) model, providing proprietary, curated datasets and insights that help clients drive revenue growth, improve operational efficiency, and manage risk. In addition, Convergence offers management consulting services to help clients execute on these data-driven insights.
WHAT MAKES US UNIQUE
Independent, Proprietary Predictive
Analytics, Original Content and Thought Leadership
Most Comprehensive
Database in the Industry
We service the entire Asset Management, Allocator and Service Provider ecosystem – all powered by data and contoured for each client by market segment and client-specific use cases.
10+ years of Time Series
Content powered by
Predictive Analytics
Convergence is the only company that provides deep and original predictive data analytics powered by over 10 years of time series original content.
Data Science powers our insights
Convergence combines data collection, curation and enrichment with data science, subject matter expertise and execution solutions to bring our clients an end-to-end solution to support their objectives.
Independent Insights
Our insights are independent because we collect, curate, enrich and develop new data artifacts by leveraging information that asset managers, service providers and allocators put into the public domain. Thus, every data artifact in our database can be traced back to public representations or disclosures.
Commitment to Accuracy
We achieve over a 95% confidence level in the data we source by cross-referencing all our data in the public domain. Competitor data lacks independence because it is sourced from clients with no cross referencing for completeness and accuracy.
Industry Leading Content
Our original proprietary research and insights allows us to create cutting-edge original content including Competitive Analysis, Service Provider League Tables, Asset Manager Non-Investment Risk Scoring and Service Provider Commercial Risk.
Learn more about our Products & Services that impact your business.
THE CONVERGENCE DATABASE
Data infused with Meaning
Convergence has the most comprehensive content in the industry because of our superior sourcing model, which provides significantly better coverage of the Asset Management, Allocator and Service Provider ecosystem.
We maintain 10+ years of clean, structured and enriched time series data. Enriched data means our data is shaped to deliver you insights as part of our highly curated process for each client.
Our data is sourced daily from multiple US and non-US regulatory filings websites and third-party sources.
We quote our database statistics for active advisers and funds. Inactive funds and advisers, often called “graveyard data” is available upon request. We welcome the opportunity to compare and contrast competitor information or representations and unit costs to ours.
Investment Advisors
Private and Public Fund Investment Advisors in 67 Countries
42,000+
Mutual Funds, ETFs and UCITs
85,000+
UK-EU Private Funds
4,000+
Data artifacts per Advisor and
350 proprietary business rules
26,000+
SEC & ECB Registered Investment Advisors
100,000+
US Private Fund
19,000+
State Registered
Investment Advisors
See a sample of our Non-Investment Risk Profile for an Investment Advisor
Service Providers
Over 5,000 Service Providers with advanced metrics and a complete book of business for each:
Over 2,000
Administrators
900+
Auditors
300+
Prime Brokers
1,800+
Custodians
5,800+
Placement Agents
800+
Outsourced Compliance Firms
200+
Transfer Agents
3,900+
ManCos
See a sample of our League
Tables for a service provider
OUR CLIENTS
Target Customers
Convergence’s services are targeted at participants across the alternative investment management ecosystem. The company explicitly caters to three broad groups: alternative investment managers (e.g. hedge fund, private equity, and other asset management firms), allocators (institutional investors such as pensions, endowments, fund-of-funds, family offices), and service providers to the industry (including fund administrators, auditors, custodians, prime brokers, law firms, compliance consultants, fintech providers, and more). In fact, Convergence says it services “the entire Asset Management, Allocator and Service Provider ecosystem”, tailoring its data for each client segment and use case.
Within those organizations, Convergence’s platform is used by a variety of professional roles. For example, at an investment advisory firm, a portfolio manager can use Convergence’s competitive analytics to inform investment forecasts, a fund marketing team can leverage fundraising insights to differentiate their pitches, a Chief Financial Officer can access intelligence on selecting and monitoring fund administrators or other vendors, a deal team can get data on potential M&A targets in the asset management space, a Chief Compliance Officer can benchmark the quality of the firm’s regulatory filings, and even the head of human resources can use Convergence’s data on talent availability in the industry to speed up hiring. Similarly, at a public accounting firm (audit firm), Convergence’s specialized BI platform helps partners and business development teams identify new hedge fund/private equity clients, assists risk and compliance teams with client acceptance and independence checks, and supports audit quality by monitoring changes in client businesses (e.g. new funds, new service providers, control environment changes) that could impact audit plans. This breadth of use cases across roles demonstrates Convergence’s aim to embed data-driven decision making in all facets of their clients’ operations.
Notably, Convergence serves both large and small firms in these categories. Its client base ranges from some of the largest global financial institutions – for instance, case studies include a $100 billion fund administrator and a $60 billion public pension plan – to smaller and emerging managers who need insights to fuel their growth. The common thread is that these organizations seek to “maximize top and bottom-line growth” or improve their risk management through better data. In all cases, Convergence’s value lies in providing data and analysis that these firms would struggle to compile on their own, given the fragmented and complex nature of alternative investments data.
See an overview of our Products & Services and how it applies to you in your life cycle
WHAT WE DO
Unique Product & Service Offering Options
Fully Integrated or Standalone depending on Client Demands
Business Development
& Client Management
Data-driven “insights” that reveal emerging trends and revenue opportunities, giving clients a first-mover advantage in identifying prospects or upsell opportunities. Convergence provides predictive analytics (e.g. alerts on new fund launches or manager changes) to help firms “identify and keep the best prospects and clients.” These insights support sales teams with competitive assessments, lead generation, and even M&A target identification.
Outsourced Data Services
& Research
High-quality data management services that offload the burden of gathering and normalizing industry data. Convergence applies rigorous quality controls to deliver accurate, curated data feeds encompassing standard reference data (e.g. legal entity identifiers, regulatory IDs) as well as proprietary datasets the firm creates. For example, Convergence can parse documents (Word, Excel, HTML filings) and provide predictive indicators such as client attrition risk, diversification risk, operational or compliance “stress” levels, and likelihood of events like new fund launches or regulatory actions. The firm also conducts original research on the industry, producing league tables (e.g. rankings of fund administrators, custodians, etc.), analyses of private fund flows, diversity/ESG metrics, and regulatory enforcement trends.
Effeciency &
Productivity Analytics
Solutions to help firms benchmark and improve their human capital usage and operational efficiency. Convergence offers analytics that compare a client’s hiring and staffing patterns to peer groups – for instance, “work-to-hiring” analytics show if a firm is hiring more or less staff than peers given its growth, and “positioned for growth” analytics estimate how many staff are needed to reach target asset growth. They also analyze the impact of outsourced service providers on efficiency (by examining how productive a provider’s other clients are, as a proxy). These insights, combined with Convergence’s consulting, help organizations redesign processes or implement changes to boost productivity.
Non-Investment
Risk Management
Analytical tools and services to identify and mitigate operational and business risks in investment firms. Convergence tracks risk indicators in four key profiles – operational risk (e.g. workload vs. staffing imbalances), compliance risk (regulatory filing quality and conflicts), service provider risk (dependencies and concentration risks with third-party providers), and regulatory risk (similarity to profiles of firms that faced SEC enforcement). For example, Convergence’s system flags “red flag” conditions across 21 operational metrics (such as rapid growth without sufficient back-office headcount) and computes compliance quality scores for filings like Form ADV, Form PF, etc., benchmarking them against peers. It also uses a library of SEC enforcement cases to generate a “regulatory event risk” score for investment advisers based on the presence of high-risk business conditions associated with past violations. These data-driven risk insights can be actioned by Convergence’s consulting team to perform in-depth operational due diligence or implement corrective measures for the client.
Market Positioning and Differentiation
In the marketplace, Convergence positions itself as a unique provider of integrated data and analytics solutions for the alternative investments domain. Several factors differentiate Convergence from competitors:
- Comprehensive, Longitudinal Data Assets: Convergence has assembled one of the industry’s most comprehensive databases on investment advisors, funds, and service providers. The platform maintains over a decade of clean, enriched time-series data on tens of thousands of funds and advisors. In fact, Convergence is “the only company that provides deep and original predictive data analytics” built on 10+ years of historical content. This long-term view enables trend analysis and predictive modeling that newer entrants or point-solution data providers may not match. The database covers active and inactive (“graveyard”) funds/advisors globally, offering breadth and depth of content.
- Independent Data Sourcing and Objectivity: A core part of Convergence’s value proposition is that its data and insights are truly independent. All information is sourced from public disclosures (such as regulatory filings in the U.S. and abroad) and other public-domain records, “collected, curated, and enriched” by Convergence – as opposed to relying on voluntary client reports[49]. Because of this model, “every data artifact in [Convergence’s] database can be traced back to public representations or disclosures”, ensuring transparency. This sets Convergence apart from some competitors whose data might come from self-reported surveys or limited samples. Convergence’s approach yields an objective, third-party view of each firm. The company emphasizes that competitor data often “lacks independence” and can be incomplete, whereas Convergence cross-verifies everything in the public domain for completeness and accuracy. Clients and investors can trust that Convergence’s analytics are unbiased by any single client’s perspective.
- Data Accuracy and Quality Assurance: Convergence has a strong focus on data quality, claiming to achieve over 95% confidence level in the data it provides. This high accuracy is achieved by cross-referencing multiple sources and continuously validating entries. For example, if a fund’s AUM is reported across several filings, Convergence will reconcile those to ensure consistency. The commitment to “greater than 95% data accuracy” is a key selling point, especially in an industry where decisions (like selecting a counterparty or making an investment) can hinge on data integrity. By contrast, Convergence points out that some data vendors simply aggregate self-reported data without rigorous validation, potentially leading to errors or blind spots. Convergence’s clients benefit from not having to double-check the data – they can rely on the curated feeds as a single source of truth for industry information.
- Proprietary Analytics and Thought Leadership: Convergence doesn’t just aggregate data; it creates proprietary analytics, scores, and content that add value beyond raw numbers. The firm leverages data science techniques and domain expertise to produce predictive insights or “signals” – for instance, algorithms that detect when an adviser might expand geographically or launch a new fund based on patterns in the data. Convergence is known for publishing original research such as competitive league tables (rankings of service providers by various metrics), risk scores for asset managers (e.g. scoring firms on operational risk, compliance health, etc.), and analyses of industry trends. This gives Convergence a thought leadership edge. As an example, the company has released “Prime Broker and Custody League Tables” and new data sets that are cited in industry press. By continually creating “cutting-edge original content” and analytics, Convergence establishes itself as more than a data repository – it is a source of predictive intelligence and commentary on the industry. This unique content helps clients make forward-looking decisions (like anticipating which managers might be at risk of regulatory action, or which service providers are gaining market share).
- Integrated Service Model (Data + Consulting): Convergence distinguishes itself by offering an end-to-end solution from data to execution. Rather than just handing over data or reports, the firm can “combine data collection, curation and enrichment with data science [and] subject matter expertise” to ensure clients actually realize value from the insights. The availability of consulting services in-house means that when Convergence’s data identifies an opportunity or a problem, their experts (many of whom are former industry COOs, CFOs, etc.) can step in to help the client act on it. For example, if the data shows a firm is underperforming peers in operational efficiency, Convergence’s team can be engaged to redesign processes or select new vendors to fix it. This one-stop-shop approach – a “data-driven non-investment risk insight that can be actioned by our consultative services team” – is relatively unique. It provides a seamless experience for clients and strengthens Convergence’s positioning as a long-term partner rather than a one-off data supplier. The flexibility of delivery (clients can interact via an online platform or receive feeds/reports or engage consultants as needed) also helps Convergence stand out, accommodating clients of different sizes and preferences.
- Analytics and Thought Leadership: Convergence doesn’t just aggregate data; it creates proprietary analytics, scores, and content that add value beyond raw numbers. The firm leverages data science techniques and domain expertise to produce predictive insights or “signals” – for instance, algorithms that detect when an adviser might expand geographically or launch a new fund based on patterns in the data. Convergence is known for publishing original research such as competitive league tables (rankings of service providers by various metrics), risk scores for asset managers (e.g. scoring firms on operational risk, compliance health, etc.), and analyses of industry trends. This gives Convergence a thought leadership edge. As an example, the company has released “Prime Broker and Custody League Tables” and new data sets that are cited in industry press. By continually creating “cutting-edge original content” and analytics, Convergence establishes itself as more than a data repository – it is a source of predictive intelligence and commentary on the industry. This unique content helps clients make forward-looking decisions (like anticipating which managers might be at risk of regulatory action, or which service providers are gaining market share).
- Integrated Service Model (Data + Consulting): Convergence distinguishes itself by offering an end-to-end solution from data to execution. Rather than just handing over data or reports, the firm can “combine data collection, curation and enrichment with data science [and] subject matter expertise” to ensure clients actually realize value from the insights. The availability of consulting services in-house means that when Convergence’s data identifies an opportunity or a problem, their experts (many of whom are former industry COOs, CFOs, etc.) can step in to help the client act on it. For example, if the data shows a firm is underperforming peers in operational efficiency, Convergence’s team can be engaged to redesign processes or select new vendors to fix it. This one-stop-shop approach – a “data-driven non-investment risk insight that can be actioned by our consultative services team” – is relatively unique. It provides a seamless experience for clients and strengthens Convergence’s positioning as a long-term partner rather than a one-off data supplier. The flexibility of delivery (clients can interact via an online platform or receive feeds/reports or engage consultants as needed) also helps Convergence stand out, accommodating clients of different sizes and preferences.
In summary, Convergence’s niche is combining big-data analytics with financial industry know-how to deliver targeted insights for the alternative asset management world. Its value proposition centers on having the broadest and most accurate data, the deepest analytical content, and the ability to drive measurable outcomes (growth, efficiency, risk reduction) through integrated services. This positioning has allowed Convergence to become a recognized name in its segment, often outperforming traditional data vendors that lack specialized focus or consulting firms that lack automated data insight capabilities.