to add on to the original question, does this also apply to other party members as well a their mercs and demons
yes
they are "different source"
and all auras affect all party members in range, with the exception of holy fire/freeze/shock and sanctuary that are only affecting the one with the aura.
conv could also be considered an exception, because it is shared with enemies instead of with party members, but the same rule apply, if an enemy has higher conv than you, his conv will override yours.