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Articles tagged "Covestor"


Thomas Peterffy: The acquisition of Covestor is a positive development toward making Interactive Brokers the premier global platform for investors, advisors, hedge funds and money managers to find each other.

Covestor becomes latest robo site to sell out and become a bauble on bigger chain
Interactive brokers buys the New York-based SMA-robo that has struggled to gain assets

Friday 4.24.15
Andy Rachleff: Mark Zuckerberg should not use us.

Looking more like Windhaven after a revamp, Wealthfront names a noted academic CIO and boosts its assets 15-fold
Andy Rachleff's new strategy omits RIAs-as-managers in favor of a centralized ETF-manager approach with Burton Malkiel calling the big shots

Tuesday 11.27.12
Kent Smetters: One of the pain points of a TAMP is that it takes so long to put together a plan.

LPL Financial rolls up an unusual RIA to use as a cornerstone of its TAMP-like mass-market venture
The big broker-dealer is buying Veritat Advisors, renaming it NestWise, and using a Wharton professor's technology to crack the case of managing multi-hundred-client practices

Tuesday 7.10.12
Jack Waymire: Mathematicians are not chief investment officers, analysts or portfolio managers.

Online RIAs will mostly fail -- and here are 10 reasons why
Firms like Personal Capital, Covestor and Betterment are garnering both media attention and big VC bucks -- but backers severely underestimate the tie between investor and advisor

Thursday 5.24.12
CEO Asheesh Advani aspires to partner Covestor with broker-dealers and institutional investors, and to expand the firm's content.

Unfazed by declining assets, VC-backed Covestor has another go with a new CEO and some concessions to the old-fashioned machinery of investment advice
The good news is that it has 400 clients -- up from 150 a year ago -- but can the company still be seen as primarily web-based?

Friday 3.23.12
CEO Perry Blacher: There are about 80,000 mutual funds globally but there are tens of millions of people with much of the same tools, access to research and, most importantly, talent actively managing their own portfolios.

How Covestor got VC backing, became an RIA and is waving a fist at mutual fund giants
Unlike other such social networking efforts, Covestor's platform mingles amateur RIAs with professional money managers on its platform

Monday 4.4.11

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