Convergence Releases Daily ADV - Brochure Filing Changes Reports

WILTON, Conn., Jan. 12, 2015 /PRNewswire/ -- Convergence, a provider of information, custom research and advisory services to alternative asset industry service providers, investors and managers, announced the release of its Daily Advisor Change Reports available via subscription. These reports are derived from the Convergence database, which contains the most comprehensive set of infrastructure data available in the market for 14,000 registered investment Advisors of which 7,800 manage Alternative or Private Funds.

The research includes daily reports on key changes in the alternative asset management industry including:

• New Advisors Report
• New Fund Types Report
• Headcount – FTE Changes Report
• C-Suite Changes Report
• Regulatory Infractions Report
• New Fund Auditor Appointment Report
• New Fund Administrator Appointment Report
• + / - Change in RAUM Report
• Administrator Changes Report
• Audit Firm Changes Report
• Custodian Changes Report
• Prime Broker Changes Report
• 3^rd Party Marketer Changes Report

"The Convergence database is refreshed daily, which provides clients with timely data that they cannot find elsewhere," notes Convergence Co-President John Phinney. "To provide the most accurate information, we utilize Regulatory filings and parse the internet rather than relying on managers to self-report, which can be stale and incomplete, resulting in inaccurate views."

The reports provide information on daily changes in the alternative asset management industry that can be utilized by companies working with this segment.

"These reports create opportunities for business development, creating new relationships and increasing the scope of services currently being provided," stated Co-President George Evans. "Additionally, the reports provide a bird's eye view of the Manager's service provider infrastructure and brings the discussion on operational alpha to the Manager. Clients gain a significant competitive advantage by using these reports to have informed conversations with Managers."

About Convergence

Convergence provides analytical data, benchmarking, custom research and advisory services to the Alternative Asset Management industry. The firm's data is unique because it is enriched by subject matter experts and provides best practices based on carefully selected peers. Clients include asset managers, administrators, audit firms, financial technology firms, investment management consultants, prime brokers, custodians, investors, compliance firms, recruiting firms, colleges and universities and individual research. The Convergence approach creates value for clients by helping them research, understand infrastructure expenses, identify opportunities to increase market share, ensure practices are consistent with best in class peers, select service providers that best support strategic business goals, enhance investor due diligence efforts, perform difficult custom research and provide ongoing education. www.convergencellc.com.

CONTACT: George Evans, 215-704-7100

SOURCE Convergence