One of the main reasons I work at Covestor is that I believe people should have more and better investment choices, no matter how much money they have in their accounts.
That’s why I am very pleased to introduce the Island Light Harbor Series of investments, designed for long-term investors with accounts of $20,000 or less. It’s a family of three low-cost strategies brought to you by Covestor and Island Light Capital.
The accounts are managed by Matt Pierce, Island Light’s founder and president, who has more than 20 years of investment experience.
“One of the reasons that I find great appeal in working with Covestor is that we share a vision for bringing world class tools and techniques to the ordinary investor,” Matt said. “I’m happy to think that my investing ideas are helping the smaller investor achieve his or her financial goals.”
Whether you chose the Aggressive, Moderate or Conservative strategy, each invests in efficient and diversified exchange-traded funds and makes selections based on the same techniques and processes used in the other Island Light Capital offerings.
A lot of the work Matt puts into his management approach starts long before he buys a single ETF. He starts by choosing a research universe of investments. He then makes a series of market assumptions based on past market history, as well as his firm’s economic and investment views.
Next, he selects ETFs based on factors including high liquidity, low expense ratios, and low tracking errors.
Finally, he uses a statistical procedure to weight each of the portfolios, seeking to maximize risk-adjusted returns based on his firm’s assumptions.
Combining a disciplined process with low fees is what defines the Harbor Series. All three actively managed investment options have a low $5,000 investment minimum and charge only a 0.3% management fee.
If you’d like to learn more about the Harbor Series or any other Covestor models, give us a call at 866-825-3005. You can also speak to one of our client advisers if you’d like some help in deciding if one of the models can help you to meet your investment goals.
