Friends & Family Offer: No Management Fees on Covestor Mirroring Accounts

Keep a little extra in the piggy bank for that summer vacation.

We’re waiving 100% of Covestor management fees for three months on newly Funded Mirroring Accounts. Just sign-up for an account by Memorial Day, and you’ll pay no Covestor fees for the entire summer, through August 31, 2011. That’s 3 months without Covestor management fees on an actively managed account!

You can get started by clicking here.

*Feel free to pass this deal along*


Qualification Procedures

  1. Complete the three-step Covestor client application here: https://account.interactiveadvisors.com/client/sign-up
  2. Continue to the Covestor-linked Interactive Brokers application and fund the account with at least $10,000 (Covestor required minimum).
  3. You must sign up for an account by May 31, 2011 and fund it within three weeks to qualify for the fee waiving promotion.
  4. After you’ve funded your account, email summeroffer@interactiveadvisors.com with “Summer Offer” in the subject line and your Interactive Brokers account number in the body so we can confirm that you have funded your account.  Qualification is determined by the receiving email time-stamp at Covestor.

Terms and Conditions

  1. Offer valid for newly funded accounts only.
  2. Covestor fees will be waived from the date of account funding for a minimum of three full months – generally from June 1, 2011 to August 31, 2011. Brokerage fees will still be payable. Offer relates only to Covestor’s management fees, and the value of subscriptions in your Mirroring Account can fluctuate.
  3. Management Fees will still be displayed when you subscribe to a model, and on subscription confirmations, but will not appear on your monthly bills.
  4. No cash or credit alternatives will be offered.
  5. Does not affect compensation to model managers.
  6. New account holders will have to open an account with a minimum of $10,000 and cannot withdraw or close the account for at least 6 months from the date of account funding. Accounts closed within 6 months of funding will be deducted a fee equivalent to the management fees waived for the amount of time the account is open.
  7. Covestor reserves the right, where it considers there to have been any breach of these Terms and Conditions, any fraud or any abuse of the service, to refuse any application or seek reimbursement of any fees waived.
  8. For full Covestor Mirroring account terms and conditions click here; for the privacy policy, click here.
  9. Offer ends May 31, 2011

Covestor reserves the right to withdraw or change the terms of any special offers without notice.