Convergence Investment Partners provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for institutions.
Convergence Investment Partners reports 441 clients. They include 224 high-net-worth individuals, 211 other investment advisers and 5 charitable organizations. Of its assets, 91.3% ($478M across 236 accounts) are managed with discretion; $45.7M across 211 accounts are not. A wrap fee program the firm both sponsors and manages holds $45.7M.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 51% | 32% |
| Investment companies | <1% | 51% |
| Charitable organizations | 1% | 7% |
| Other investment advisers | 48% | 9% |
| Insurance companies | Fewer than 5 | <1% |
| Other client typesCorporations and other businesses | Not reported | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 224 | $166M | 31.6% | $740K |
| Investment companies | 1 | $268M | 51.2% | $268M |
| Charitable organizations | 5 | $38.4M | 7.3% | $7.69M |
| Other investment advisers | 211 | $45.7M | 8.7% | $217K |
| Insurance companies | Fewer than 5 | $3.57M | 0.7% | — |
| Corporations and other businesses | Fewer than 5 | $2.13M | 0.4% | — |
| Total | 441 | $524M | 100% | — |
- Clients
- 224
- Regulatory AUM
- $166M
- AUM share
- 31.6%
- Avg. per client
- $740K
- Clients
- 1
- Regulatory AUM
- $268M
- AUM share
- 51.2%
- Avg. per client
- $268M
- Clients
- 5
- Regulatory AUM
- $38.4M
- AUM share
- 7.3%
- Avg. per client
- $7.69M
- Clients
- 211
- Regulatory AUM
- $45.7M
- AUM share
- 8.7%
- Avg. per client
- $217K
- Clients
- Fewer than 5
- Regulatory AUM
- $3.57M
- AUM share
- 0.7%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $2.13M
- AUM share
- 0.4%
- Avg. per client
- —
Total
- Clients
- 441
- Regulatory AUM
- $524M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Convergence Investment Partners is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
Nile Capital Group, LLC owns 50% to 75% of Convergence Investment Partners. The leadership team of Convergence Investment Partners includes President David Abitz, Chief Operating Officer Amy Abitz Schwalenberg and Chief Compliance Officer John Callen. It has 5 employees, 4 of them in advisory roles.
Leadership
- David AbitzPresident and Chief Investment Officer
- Amy Abitz SchwalenbergChief Operating Officer
- John CallenChief Compliance Officer
- Huyen GerbereuxDirector
- Todd HansonChief Technology Officer
- Kenneth LenhartSecretary
- Justin NeubergPortfolio Manager
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
- David James Abitz
- John Christopher Callen
- Todd John Hanson
- Justin Evans Neuberg
Staff
- 5 employees
- 4 in advisory functions
- 4 state-registered reps
- Owns 50% to 75% of Convergence Investment Partners, LLC
Nile Capital Group, LLC
Control person · since October 2018
Nile Capital Group Holdings, LLC
Managing member · Control person · since September 2019
- Owns 50% to 75% of Nile Capital Group Holdings, LLC
Melvin Lindsey
Control person · since September 2019
- Owns 10% to 25% of Convergence Investment Partners, LLC
David and Sheila Abitz Revocable Trust Dated October 11, 2014
since October 2014
David Abitz
Trustee · Control person · since October 2014
- Owns 5% to 10% of Convergence Investment Partners, LLC
Todd Hanson
Control person · since August 2008
- Owns 5% to 10% of Convergence Investment Partners, LLC
Justin Neuberg
since June 2016
Convergence Investment Partners’ regulatory assets grew 2.3× from $225M (March 2021) to $524M (March 2026); clients rose from 261 to 441 and employees fell from 7 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $524M | 441 | 5 | 1 |
| March 2025 | $465M | 355 | 6 | 1 |
| March 2024 | $234M | 343 | 6 | 1 |
| May 2023 | $203M | 331 | 6 | 1 |
| February 2022 | $226M | 274 | 9 | 1 |
| March 2021 | $225M | 261 | 7 | 2 |
Besides its headquarters, Convergence Investment Partners has 0 offices, with 1 listed address in Florida.
Florida · 1 listed address
- 3801 Pga BLVD., Suite 1001, Palm Beach GardensHQ
Contact and registration details
- Legal name
- Convergence Investment Partners, LLC
- Headquarters
- 3801 Pga BLVD., Suite 1001, Palm Beach Gardens, FL 33410-2757
- Website
- investcip.com
- Phone
- 561-494-8001
- @convergence-investment-partners
- SEC file
- 801-69707
- Structure
- Delaware LLC
- Fiscal year end
- December
Convergence Investment Partners uses Fidelity ($146M, 72%), Wells Fargo Advisors Financial Network ($34.1M, 17%) and Charles Schwab ($22.1M, 11%) as custodians for its separately managed accounts. Convergence Investment Partners does not have custody of client assets.
- Wells Fargo Advisors Financial NetworkWells Fargo Advisors Financial Network, LLC · St. Louis, MO · $34.1M17%
- FidelityNational Financial Services LLC · Boston, MA · $146M72%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $22.1M11%
At year end, Convergence Investment Partners’ separately managed accounts were mostly in stocks (99%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.06B across 241 positions; the largest are Nvidia Corporation (3.7%), Lam Research Corp. (2.7%) and Alphabet Inc. (2.0%).
What the accounts hold
- Stocks99%
- Cash1%
Reported 13F holdings
- $1.06B
- Reported 13F value
- 241
- Positions
- 20.2%
- In the 10 largest
- —
- Value vs. prior quarter
- Nvidia Corporation3.7%
- Lam Research Corp.2.7%
- Alphabet Inc. · Cap Stk CL A2.0%
- Alphabet Inc. · Cap Stk CL C2.0%
- Micron Technology Inc.1.9%
- Amazon Com Inc.1.9%
- Dell Technologies Inc. · CL C1.7%
- Sandisk Corp.1.5%
- Cisco Sys Inc.1.5%
- Advanced Micro Devices Inc.1.4%
Together, the ten largest are 20.2% of reported value.
How many clients does Convergence Investment Partners have?
Convergence Investment Partners has 441 clients and manages $524 million for them, as of March 2026. They include 224 high-net-worth individuals, 211 other investment advisers and 5 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026
What services does Convergence Investment Partners offer?
Convergence Investment Partners provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Convergence Investment Partners use?
Convergence Investment Partners’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $146M, Wells Fargo Advisors Financial Network, LLC (St. Louis, MO), with $34.1M and Charles Schwab & Co., Inc. (San Francisco, CA), with $22.1M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 March 2026
How many financial advisors does Convergence Investment Partners have?
Convergence Investment Partners has 4 investment adviser representatives registered with state securities authorities, out of 5 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Convergence Investment Partners invest in?
At the end of its last fiscal year, Convergence Investment Partners’ separately managed accounts held 99% exchange-traded equities and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Convergence Investment Partners?
Convergence Investment Partners is owned through a trust and a chain of holding companies by Melvin Lindsey. Its direct owners are Todd Hanson (5% to 10%), David and Sheila Abitz Revocable Trust Dated October 11, 2014 (10% to 25%), Justin Neuberg (5% to 10%), and Nile Capital Group, LLC (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 23 March 2026
How does Convergence Investment Partners get paid?
Convergence Investment Partners is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Convergence Investment Partners?
Convergence Investment Partners’ main office is at 3801 Pga BLVD., Suite 1001, Palm Beach Gardens, FL 33410-2757. Its phone number is 561-494-8001. Its website is investcip.com.