Convergence Inc. Announces Its Alternative Asset Management Industry Q2 Update

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Convergence, a leading data analytics and advisory services company, announces its Q2 update of the State of the Union of the Alternative Asset Management Industry. The report focuses on business trends among alternative asset managers, related assessments of changes in operating complexity and risk, and changes in operating productivity.

Convergence, Inc.

“The key to our data set is the completeness and structure as well as the independent sourcing and the time series element,” said John Phinney, Co-President of Convergence.

Convergence, a leading data analytics and advisory services company, announces its Q2 update of the State of the Union of the Alternative Asset Management Industry. The report focuses on business trends among alternative asset managers, related assessments of changes in operating complexity and risk, and changes in operating productivity.

The data is sourced from SEC filings and enriched to provide a unique view into the infrastructure of over 15,000 RIA's. There were over 5,600 individual Advisor filings in Q2 2015.

Some headlines from the paper include:

  •     Advisor complexity increased given the 31 factors tracked
  •     The Complexity Index increased 7% driven by a variety of factors
  •     Industry growth - the manager universe advising alternatives grew 23%
  •     Total headcount surpassed 75k, or a 5.7% increase from Q2 2014 - with the biggest increase being in non investment professional headcount
  •     The Regulatory environment continues to grow and intensify with the number of Regulators by Advisor growing 23%
  •     Administration consolidation continues at both ends of the market
  •     Operating productivity declined modestly at Advisors suggesting a greater usage of technology and outsourcing.

“The key to our data set is the completeness and structure as well as the independent sourcing and the time series element,” said John Phinney, Co-President of Convergence.

“Convergence will continue to monitor this ever changing industry providing empirical data, fueled research, and observations,” added George Evans, Co-President of Convergence.

Convergence’s unique State of the Union report and insight allows managers and advisors to put increased focus on defining their current operating metrics, establish clear operations-related objectives, and see a clearer path to a company’s growth plans.

To access the Convergence 2015 Q2 Alternative Asset Management Industry Update click here: http://convergenceinc.com/download/16993/. For additional industry insight and information from Convergence, visit: http://www.convergenceinc.com

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. Convergence focuses on a manager's infrastructure including fund and Management Company accounting, investment operations, risk management, marketing materials, investor relations, tax, compliance, technology and service providers. Clients include asset managers, administrators, audit firms, financial technology firms, investment management consultants, prime brokers, custodians, investors, compliance firms, recruiting firms, marketers, institutional investors, higher education, 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. For more information on Convergence please visit http://www.convergenceinc.com or contact George Evans at gevans(at)convergenceinc(dot)com or 215-704-7100.

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