Covestor Boston Office

Covestor is an online marketplace for discovering exceptional portfolio managers

We provide investors with full transparency and control. We help our clients find specialized managers and save money with low trading costs and automation. Covestor's Portfolio Sync™ technology replicates portfolio managers' trades, providing clients the convenience of “set and forget” functionality with the protection of our proprietary trade filtering.

Covestor is widely regarded as a pioneer in bringing separately managed accounts (SMAs) online in a transparent marketplace.

Our philosophy

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.

Read our investment philosophy in full

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.

Our history

2013 -

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.

2011 - 2012

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

2009 - 2010

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

2007 - 2008

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

Our shareholders

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.