If you decide to invest with Covestor, you will be charged:
Additional information on Covestor’s management fees, Interactive Brokers’ commissions and other fees that may apply to transactions in your Covestor account may be found in the Investment Management Agreement and Informational Brochure on the Forms & Agreements page.
Depending on the portfolio, Covestor charges you the following management fees:
Annual asset-based management fees are computed daily and payable monthly in arrears, i.e., after the end of the month when incurred. If applicable, performance fees are calculated and payable quarterly in arrears, i.e., after the end of the quarter when incurred. Additional detail on fee computation may be found in the Investment Management Agreement on the Forms & Agreements page.