New York, NY (PRWEB) February 13, 2012
Covestor, an investment management company that enables individuals to mirror the transactions of experienced investors, has substantially broadened its product line this year with the addition of 15 new investment models. The company now offers nearly 200 investment models from 135 third-party investment model managers.
Nine of the new models are managed by registered investment advisers and six are run by individual investors. An open marketplace like eBay or Amazon, Covestor enables both professionals and experienced non-professionals to offer investment models through its financial marketplace.
“We believe in the freedom to choose an investment manager based on their talent, not their title,” said Covestor CEO Asheesh Advani.
Four of the managers who launched models on Covestor this year previously offered similar products on another platform. The advisers who migrated models to Covestor are:
Crabtree Asset Management
Timberline Investment Management
The other registered investment advisers who launched models in 2012 are:
Iron Eye Strategies
Analytic Investments and Sizemore Capital now offer multiple models on Covestor.
The six individual investors launching models on Covestor this year are:
“Covestor is attracting interest from people who are looking for an alternative to overpriced brokers and underperforming mutual funds,” said Eric Esterkin, Covestor’s Director of Manager Relations. “For many people, our financial marketplace is an ideal alternative and we’re pleased to add more high-quality products to Covestor’s platform.”
In January, Covestor also launched a new website which increases client access to Model Manager strategies; hosted live events in New York; and announced Next Invest, a virtual conference accessible worldwide.
Covestor brings the clarity and efficiency of an online marketplace to the world of money management. Investors can compare and select from a transparent marketplace of money management talent that includes top performing portfolio managers and successful investors. Covestor’s Portfolio Sync technology automatically replicates trades, providing clients the convenience of “set and forget” functionality and the protection of Covestor’s proprietary trade filtering.
Covestor is widely regarded as a pioneer in bringing separately managed accounts (SMAs) online in a transparent marketplace. Founded in 2006, the company has offices in New York City and London and is funded by leading VC firms including Union Square Ventures, Spark Capital and Amadeus Capital Partners.
Covestor is an investment adviser registered with the US Securities and Exchange Commission under the Investment Advisers Act of 1940. Additional information can be accessed directly from our Form ADV document, available at http://www.covestor.com.
It should not be assumed that any information discussed herein will prove to be profitable or that decisions in the future will be profitable or provide similar results. While Covestor does provide limited investment advice to its clients, the content herein is provided as general and impersonalized investment information and is not a recommendation or solicitation to buy or sell any security or subscribe to any particular investment model. Please take appropriate professional advice in any investment decisions.
For additional information contact: Kalen Holliday, Covestor Communications Director
866-825-3005 x4 or kalen(at)covestor(dot)com.