By Bimal Shah, Chief Technology Officer of Covestor
The growth and ubiquity of the Internet are allowing individuals and companies to interact with people halfway around the world. Workers are taking on new roles and jobs they never thought possible just a few years ago.
Quite simply, limits, barriers and stereotypes are breaking down. And the power of social media means anyone can now be an author, film director, trader or a student, just to take a few examples.
As a result, untapped reserves of talent have been discovered, and we all benefit from access to it. Large, entrenched businesses are seeing their monopolies threatened by the wave of newcomers and fresh talent.
New internet marketplaces are the natural focal points, connecting the emerging talent to potential clients and consumers. We live in exciting times, with power and opportunity dispersing more widely because of the Internet.
At Covestor, we have created a revolutionary Internet marketplace for the world of investment management. There are two main roles on our exchange:
Portfolio managers overseeing dynamic and active investment strategies.
Clients with transparent access to talented, up-and-coming investment managers.
Our primary mission is to continuously discover new investment talent, curate it and make it accessible to the widest audience. This overriding goal is completely aligned with the empowering spirit of the Internet.
We go further – with our Portfolio Sync™ technology, we connect the investment manager to the client in the most concrete way possible – via their portfolios. The manager’s trades are instantly replicated in clients’ own brokerage accounts, since we believe in separating advisory and custody services.
This is the first time a transparent platform for clients to copy the trades of a portfolio manager or an individual trader has been so accessible and so actionable. Investors receive updates and outlooks from their portfolio manager to make sure they’re up to date with the strategy and what the manager is thinking.
Investor accounts and manager strategies are completely transparent. We clearly attempt to explain risks and performance without the jargon, and there are never any hidden fees.
In summary, our mission is to make investing of the people, by the people, for the people.
Read more about Covestor’s investment philosophy.
Disclaimer: All investments involve risk and various investment strategies will not always be profitable. Past performance does not guarantee future results.