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We believe portfolio management should start with the individual needs of the investor. As investors’ needs are as varied as investors themselves, no single approach - or computer algorithm - satisfies everyone’s requirements.
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.
Raised Series B round of funding.
Jamie Cornell joins Covestor Board.
Launched new client sign-up process with streamlined options for funding and account creation.
Launched new sort-and-search functionality for clients to identify managers.
Sanjoy Ghosh joins as Chief Investment Officer.
Launched investment management marketplace for clients to identify top-performing managers with consistent returns
Company headquarters relocated from New York City to Boston
Launched new client console with industry-first timeline of manager commentaries, trades, and account activity providing clients with transparency and control
Asheesh Advani joins as Chief Executive Officer and Board Member
Rob Klapper joins Covestor Board
Tom Dorsky joins as Chief Operating Officer
Registered with the U.S. Securities and Exchange Commission (SEC) to offer investment advisery services
Established office in New York City to serve clients in the US
Covestor founded in London
Launched as a free service for investors to track trades (subscribers) and build track records (managers)
Raised Series A round of funding
Developed PortfolioSync™ technology with real-time trade replication enabling subscribers to follow the trades of successful managers in an automated manner
The company’s shareholders include Union Square Ventures, Spark Capital, Bay Partners, Amadeus Capital Partners, and the employees of Covestor. Our board of directors and management team include outstanding individuals who have reached the top of their respective fields. Covestor is a Registered Investment Adviser, regulated by the US Securities and Exchange Commission.