Citibizlist New York published an interview with Bhargav Shivarthy, our Director of Client Relations, on how the mirrored investment account process works and how Covestor differs from its competitors. Here’s an excerpt from the interview:
Citybizlist: How does the “account mirroring” process work?
Shivarthy: Clients sign up for the Covestor client agreement online and are then prompted to open an underlying brokerage account with our broker partner Interactive Brokers. Once their underlying brokerage account is opened and funded Covestor activates the client’s dashboard which enables them to log in, set their Risk Score and allocate money to as many models as they want. Once the money is allocated, Covestor replicates trades that the selected manager makes with his/her money in the clients account after scrubbing each trade for suitability. Covestor does not replicate trades in pennystocks, stocks with low liquidity or marketcap as well as trades that we believe are not suitable.
Head over to Citibizlist New York to see the full interview with Bhargav.
