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Covestor in the news

Covestor To Be Acquired by Interactive Brokers

PRNewswire | April 23, 2015

Covestor, an online investing marketplace, and Interactive Brokers Group, Inc. (NASDAQ GS: IBKR), the largest US electronic broker by daily average revenue trades, announced that they have entered into a definitive agreement under which Interactive Brokers will acquire Covestor.

The Bill Gross Effect: Are Bond ETFs Better Than Managed Funds?

TheStreet | November 3, 2014

When "bond king" Bill Gross abruptly left Pimco last month, many fixed income investors -- usually a risk averse and restrained lot -- bolted in all directions. Billions of dollars poured out of the actively managed funds Gross created, much of it going into exchange-traded funds (ETFs). That touched off a debate: Does passive ETF investing in bonds work as well as it does in stocks?

Volatility ETFs: A way to play a scary October?

USA Today | October 2, 2014

Mark Twain famously wrote that October is a particularly treacherous month to speculate in the stock market. "The others are July, January, September, April, November, May, March, June, December, August and February," he said.

Bill Gross and the risks of 'star power' fund managers

MarketWatch | September 27, 2014

"Bond king" Bill Gross has been a regular prognosticator of what will happen in markets. But the lesson he taught us on Friday about some of the risks inherent in closed end funds investing is instructive as well.

'Yelping' financial advisers, not only restaurants

MarketWatch | September 22, 2014

Have you ever wanted to complain about your financial adviser? Does your adviser call you too often? Too seldom? Are you angry about the exorbitant fees you’ve discovered or, even worse, the lousy way your investments are performing? If so, you will soon have the chance to “Yelp” about it.

Caffeinate your retirement with low-cost funds

MarketWatch | September 22, 2014

Yes sometimes it's nice to get some kind of $4 fancy, frothy espresso drink from your local coffee house. But it's a lot more cost effective to get the majority of your caffeine boost from your ordinary coffee pot.

Human vs. machine: Which financial adviser to choose?

Dallas Morning News | September 5, 2014

Human brainpower or computer algorithm? Which one would you rather trust with your money? A hot trend in investing is the growth of "robo-advisers". These companies provide investment management advice online with minimal human intervention.

Inexpensive Advice for Index and Exchange-Traded Fund Investments

New York Times | August 22, 2014

These companies offer help picking and rebalancing index and exchange-traded funds or similar investments, and none charge more than about 0.5 percent of your assets each year for the privilege.

Covestor Surpasses $1 Billion in Trades and Introduces Next Generation of Portfolio Sync

Covestor | July 24, 2014

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.

Feel invincible? Time to look at risk.

MarketWatch | July 22, 2014

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.

Is Covestor Creating a New Fund Distribution Channel?

Mutual Fund Wire | July 10, 2014

Burgeoning online investing site Covestor just might be forging a new distribution channel for fund firms -- and disrupt the supermarket platform wars.

4 ways to build a billion-dollar dot-com

CNBC | July 10, 2014

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 Introduces New Exchange-Traded Fund Portfolios with No Management Fees

PRWeb | July 8, 2014

Covestor, an online investment management company, today unveiled Covestor Core Portfolios, in response to increasing demand for low-cost, passively managed investment products.

Why new fund managers can beat those with experience

MarketWatch | July 3, 2014

Covestor CIO Sanjoy Ghosh in an article for MarketWatch discussed why emerging investment managers can beat those with more experience.

Covestor Ups Ante in Low-Fee ETF Portfolio Management

Yahoo! Finance | June 20, 2014

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.

The 'No Fee' ETF Portfolio is Here

Barrons | June 19, 2014

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!

How to be the perfect copycat investor

Investopedia | January 14, 2014

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 profiles Covestor

Wall Street Journal | November 5, 2013

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.

For Covestor, imitation is the sincerest form of investing

Boston Business Journal / Upstart Business Journal | October 13, 2013

Boston Business Journal and Upstart Business Journal profile Covestor.

Covestor receives new injection of funding, adds staff, improves features

InvestmentNews | June 20, 2013

InvestmentNews profiles Covestor.

Covestor raises $12.75 million in Series B financing

June 13, 2013

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 features Covestor in review of online money management services

Kiplinger's | October, 2013

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."

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