Covestor’s new name

Since its founding in 2007, Covestor has always prided itself on being a pioneer in online investing. Our mission to provide clients with the convenience of online investing, human help and a wide range of portfolios remains unchanged.

One thing will be changing, however. Later this year, we plan to start doing business under the name of Interactive Brokers Asset Management.


Since 2015, Covestor has been part of the Interactive Brokers Group, founded by IB’s Chairman and CEO Thomas Peterffy.

Interactive Brokers Group was founded more than four decades ago and has grown to become one of the leading securities firms with over $6 billion in equity capital.

Our mission remains the same

While we will have a new business name, we will continue to offer a wide range of portfolios, designed to help you meet your unique financial goals, including the Smart Beta portfolios.

Our fees and investment minimums will remain low and easy to understand. And we will continue to provide a high level of transparency, so you can easily find portfolios that are suitable for you, or contact our financial professionals for help.

In the coming months you will begin seeing our new business name and branding as Interactive Brokers Asset Management. Our website will have a new address, but we will redirect traffic from our existing website to the new address.

Clients do not need to change anything – including their passwords or account numbers – to prepare for this change.

Contact us by phone at 1-866-825-3005 or email at if you have any questions.