Thanks to the Boston Business Journal for picking up the news of our recent financing round:
The company, which relocated from New York City to Boston’s financial district in November, reports that it will use the new funding to support further growth of its marketplace.
Covestor allows users to comparison shop for money managers and financial advisers, and offers more than 100 portfolios on its site which customers can mirror in their own investing. The company reports that the 10 most popular managers on Covestor have beaten the S&P 500 index by 28.5 percent over the last year.
