The Covestor Core Portfolios take the work out of building diversified portfolios of ETFs, and in at least one way they’re unique in the asset management business.
Why? Because they have no management fees. Investors only pay the low operating costs of the underlying ETFs, and trading commissions. For an account of $100,000 in the the Covestor Core Portfolios, investors can expect to pay only about 0.17% of assets to cover ETF expense ratios and trading commissions.
Covestor doesn’t charge investors anything for running these portfolios. Zero. Zilch. Nada. Nothing.
And the financial media is picking up on the story.
For example, Mutual Fund Wire reports on how the Covestor Core Portfolios give investors access to diversified portfolios with extremely low costs.
“For less than the cost of one Starbucks grande latte a month, investors can now own diversified, buy-and-hold portfolios from Covestor,” said CEO Asheesh Advani.
These passively managed portfolios of ETFs are designed to complement the more than 100 actively managed portfolios on Covestor’s investment marketplace.
Advani also explained how Covestor can impact financial advisers as well as asset-management firms.
“We think online investment firms will ‘disrupt’ the financial adviser business in many good ways,” he told Mutual Fund Wire. “Services like Covestor are leading the trend to transparency, and also putting pressure on traditional advisers to justify their fees. These are all wins for investors.”
Read the full story at Mutual Fund Wire.
Try Covestor’s services with a free trial account. Or you can contact our Client Advisers at 1.866.825.3005.
DISCLAIMER: The information in this material is not intended to be personalized financial advice and should not be solely relied on for making financial decisions. All investments involve risk, the amount of which may vary significantly. Past performance is no guarantee of future results.
