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 Ten Data and Operating Principles
What sets us apart from other providers is our 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.
Our Core Products
Data Subscription
Daily Research and News on Advisors, the Service Provider and Allocator ecosystem
Strategic Products
Extensive Use of Time Series and Predictive Analytics
ODD – Non-Investment Risk
Focused on Operating, Compliance, Vendor and Regulatory Event Risk
Enterprise Data Partnership
In conjunction with subscription, data feed to CRM/Data Warehouse
Independence Testing – Client Acceptance Testing
Ability to reference all entities and individuals in the Convergence database
Competitive Assessment
Benchmark your growth as a Service Provider to the Market and select Competitors
Outsourced Data Science
Augment your internal team with Convergence expertise
Regulatory Event Analyses
‘Match’ High Risk Business Risk factors associated with Advisor regulatory infractions
Sales Advisory
Custom Lead generation and targeting of the Market
Clients at Risk
Analyses of Administrator and Audit firm books for client/peer group historical behavior
M&A Support
Target Identification and Due Diligence support
Custom Research
Ad-hoc that can look at market – trends –targeting – competitors etc
Leadership
John Phinney
Chairman & Co-President
- Apollo Global Management-Fund Group: CFO/COO
- Rohatyn Group: CFO/COO
- JPMorgan [Various Divisions]: CFO
- Fidelity Alternative Investments: Director of Operations
George Evans
Co-President
- Gladstone Associates: Managing Director
- GlobeOp Financial, Outsource Partners International BISYS Financial Services: Global Head of BD
- JPMorgan Investor Services: Senior Vice President
- The Prudential: Assistant Treasurer
Vidya Minukuri
Global Head of Data Science
- Tata Consultancy Services: Assistant Business Consultant & Project Manager
- British Telecom [through TCS]: Lead Business Analyst & Solution Architect
- Ericsson [through TCS] : IT Systems Engineer and IT development team leader
George Gainer
CPA Global Head Client Management
- Gravitas: Finance & Business Performance Analyst
- Apollo [through Gravitas]: Business Analysis & Reporting
- Iron Mountain: Acquisition Accounting Manager
- KPMG: Transaction Services Manager
- Deloitte: Audit Senior Staff
James Kelly
Senior Managing Director-Institutional Investors
- Citibank-Head Capital Introduction (Americas)
- Morgan Stanley – Head Capital Introduction (Americas)
- Texas Alternative Investment Association-Advisory Board
- Bear Stearns – Managing Director of Transition Management
- NYSE-Floor Official and Member Judiciary Hearing Panel
John Pethtel
Chief Technology Officer
- Bank of America – Head of Global Equities Reference Data and Client Delivery
- Merrill Lynch: Portfolio Risk Analytics Technology Head
- ITG: Senior Product Manager Market and Reference Data
- Nicholas Applegate: Market and Reference Data Head
Eileen Cleary
President, Talent Management
- Executive Management Consultant
- Atlas Data: Chief Executive Officer and Co-founder
- J. & W. Seligman & Co. Incorporated: V.P. Human Resources
- UJB-Financial: V.P. Employee Benefits
