Kate Stalter at Forbes published an interview with Eric Esterkin, our Director of Corporate Development, on how the Covestor platform works and what models have been particularly popular recently. Here’s Eric in an excerpt from the interview:
what we are seeing is people are most attracted to unique strategies that they couldn’t necessarily get in their retail brokerage account, that are not typically offered in a mutual fund or an ETF-type format…. So, strategies based on earnings announcements; that’s been a real popular one. We have several hedge-fund-like strategies that are long-short type strategies, but we don’t charge performance fees, so it is the straight asset under management fee. Those have also been very popular.
You know, we do accept IRA assets as well, so obviously those assets are not going into long-short models, but they’ve really focused on dividend-yielding-type models, and really income models that could be a basket of fixed-income ETFs, or like I said, high-dividend stocks.
Head over to Forbes for the full Q&A with Eric.
