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Covestor today announced its next generation of Portfolio Sync, the trade replication technology it created to enable clients to automatically mirror the trades of established and emerging money managers. Portfolio Sync has now replicated over $1 billion worth of trades since its launch in 2009.
Investors went through the most agonizing financial event of our lifetimes with the recent global financial crisis. But a couple of good years of growth in the market, and we as investors tend to forget how easily it can all fall apart.
Burgeoning online investing site Covestor just might be forging a new distribution channel for fund firms -- and disrupt the supermarket platform wars.
In the same way we learned more than a decade ago that being a dot-com was not in itself a guarantee of success, today we're learning that not all Internet marketplaces gain traction. So the question is, Why do marketplaces such as Zillow, Airbnb and Uber disrupt their industries, while others stumble?
Covestor, an online investment management company, today unveiled Covestor Core Portfolios, in response to increasing demand for low-cost, passively managed investment products.
Covestor CIO Sanjoy Ghosh in an article for MarketWatch discussed why emerging investment managers can beat those with more experience.
Covestor CEO Asheesh Advani in an article for MarketWatch discussed four things that GoPro needs to do to be successful as a public company.
Covestor, the Boston-based Internet firm that serves as a matchmaker of sorts for investors and portfolio managers, is blowing away the notion of fee-based managed ETF portfolios. Earlier this week, the company unveiled Covestor Core Portfolios. None of the three all-ETF portfolios that comprise the Covestor core suite charge management fees. Zero. Zilch. Nada and, in honor of the World Cup, nil.
You might have missed this one, but it’s notable. Online investment management company Covestor said this week it is building portfolios of ETFs for free. Look out, smalltime financial advisors!
Services such as Covestor enable an investor to link investment accounts to portfolios actively managed by other investors or investment professionals, and automatically mirror every investment move that the latter make.
The Wall Street Journal interviewed Covestor CEO Asheesh Advani for a story this week about how more financial advisers are embracing online investing websites. WSJ reporter Murray Coleman writes about how advisers and planners are using online-advisory services like Covestor to reach more investors.
Boston Business Journal and Upstart Business Journal profile Covestor.
InvestmentNews profiles Covestor.
PRESS RELEASE (BOSTON) June 13, 2013 — Covestor, an online marketplace for investing, announced today it has raised $12.75 million in a Series B financing round. Investors in the round included Union Square Ventures, Spark Capital, Amadeus Capital Partners, and Bay Partners. The Series B financing brings the total capital Covestor has raised to $28 million.
Kiplinger’s Personal Finance identifies Covestor among the online services that "allow you to follow or mimic the moves of a manager or a top trader."
Morningstar recently awarded a prestigious four stars to Barry Randall - the manager of Covestor's Crabtree Technology portfolio - for a composite tech portfolio that Barry has managed over the past three years.