Call 1.866.825.3005 for more information
Our story
For years Rikki Tahta watched as his cousin, an oil executive based in Venezuela, turned his energy industry knowledge into successful trades on the stock market. His cousin happily shared his insights but Rikki never managed to fully capitalise on them, trading too late or not at all. "It struck me that what I really wanted to do was to copy my cousin's trades as he made them" - and thus, in 2007, Covestor was born.
About us
Comparison shopping isn’t just for car insurance anymore. Introducing the first marketplace for money management.
Covestor allows you to compare and select a diverse group of money managers, financial advisers, and experienced investors.
Today, genius is distributed, not concentrated.
We recognize that the most valuable investing ideas may not just come from the big Wall Street shops. They come from individual asset managers, who are creating smart portfolios for themselves – whether they trade as individuals or run professional money management firms in the suburbs. Covestor gives you the chance to find, follow, and invest with these fresh thinkers. We call them “Model Managers”.
You search for the Model Manager who’s best suited for your goals - we make it easy by giving you a fully-transparent window into their personal portfolios and performance. If you choose to covest with one (or more) Covestor sets up a account for you that automatically re-creates their portfolio, trade for trade. So when they make money for themselves, they make it for you too. And with Covestor, you’re never locked in. You have full flexibility to move your money to another Model Manager, or to cash, in minutes.
Try it with a small slice of your portfolio, and if you’re like most of our investors, you’ll be back with more.
We are your adviser
Covestor is a SEC registered investment adviser and thus has a fiduciary responsibility to you, our client. We are not here to sell you individual products but to help you access great investment talent that matches your own goals.
Our investors
The company’s investors include Union Square Ventures, Spark Capital and Amadeus Capital Partners. Covestor is an SEC Registered Investment Adviser and all model managers’ returns are verified.