Press release
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 advisors 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 advisors who migrated models to Covestor are:
- Crabtree Asset Management
- LSW Investing
- Timberline Investment Management
- YH&C Investments
The other registered investment advisors who launched models in 2012 are:
- Analytic Investments
- Iron Eye Strategies
- Prudent Value
- Sigma Advantage
- Sizemore Capital
Analytic Investments and Sizemore Capital now offer multiple models on Covestor.
The six individual investors launching models on Covestor this year are:
- Hua Jiang
- Chris Kochiya
- Patrick Larkin
- James Roberts
- Lelio Vrancovich
- David Wang
“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.
