In this episode, my guest is John Phinney who is the Chairman and Co-President at Convergence Inc. John's mission is to help investors - not by looking at the markets and investment performance - but by performing in-depth analysis on the investment advisors those investors are appointing.

John shares his insights on the flags he is looking for that point to an investment advisor being an outlier when compared to its peers (and his analysis covers 37,000 investment advisors!!). With regulators ever more concerned about how fund mancos supervise their delegate investment managers, this podcast is a great listen for anyone looking for insights on how to do that job better.

There is an increasing focus by regulators on how well (or otherwise) fund mancos are overseeing their delegate investment managers. Regulators expect fund mancos to be intrusive and challenging - but this can be difficult to do that if the fund manco's only source of data is the investment manager itself. And there is a risk associated with relying on this data when the investment manager has a conflict of interest to present the data in a certain way.

Key takeaway: it is important for fund mancos to identify and use additional sources of information, such as regulatory returns, public statements and data analytics providers, to support their oversight function. This is an emerging good practice at this stage but will be come the norm (and the benchmark) in the medium term. Don't get left behind!

Connect with John Phinney LinkedIN www.convergenceinc.com