Top Wealth Managers Representing over $4.0 Billion Turn to Covestor to Attract More Clients

Innovative Platform To Offer Investment Firms’ Billion-Dollar Strategies Online, Without The Expense

NEW YORK--()--Covestor (http://cv.im) puts the expertise of top money managers in the hands of everyday investors with its announcement today that Navellier & Associates, Inc., and four other investment firms have signed on to let Covestor clients mirror the moves of these powerhouses. The decision represents a bold new initiative by these major investment firms, aimed at casting a wider net for investors. Covestor clients will have 12 new portfolios to follow, for a total of 24 professional money manager models and 34 models from non-professionals in the Covestor investment marketplace.

Covestor’s CEO Perry Blacher hailed the addition of these firms as a strong testament to the fact that Covestor has found a mutually beneficial way to close the gap between the big investment firms and the smaller investor. “On one hand, social investing,” he said, “brings firms access to a larger pool of potential investors without the additional marketing and operating costs of a traditional platform. On the other hand, it lets investors capitalize on this expertise with lower minimums and paying lower fees.”

The expertise behind these models comes from a virtual Who’s Who of money management. In addition to Navellier & Associates, Inc., with $2.7 billion under management, the firms making portfolios available on Covestor as of today are: Alphamark Advisors, LLC; Braver Wealth Management, LLC; King Investment Advisors, Inc.; and Mosaic Financial Partners Inc. With more than $4.0 billion under management, these firms are bringing a broad range of strategies online, including Navellier’s Power Dividend and Vireo All Weather portfolios, Braver’s wealth preservation strategies, King Investment’s Small-Cap Equity model and Mosaic Financial’s ETF strategy.

Louis Navellier, Chairman of the Board, Chief Executive Officer, and Chief Investment Officer of Navellier & Associates, Inc., said Covestor allows firms like his to reach a broader universe with unparalleled efficiency. “We see this as a significant new distribution opportunity,” he said. “Covestor represents an entirely new and efficient channel for investment managers, benefitting investors and market participants alike. That connection, and its potential, is what motivated us to participate.”

Covestor empowers individual investors to mirror a proven investor’s trades in their own brokerage accounts. Clients select particular model(s), and the system matches both the weighting of investments and individual trades as the investor makes them. The service is completely transparent and accountable: All of the model managers trade their own money, making verified returns. Investors can choose which models to follow from a diverse and growing set of highly respected professional money managers as well as non-professionals with proven track records.

With Covestor’s lower minimums and fees, said Blacher, individuals who have less to invest can now establish wealth management accounts and secure greater control over – and transparency in – the investment process. “Previously, investors had to either go it alone with a discount broker, or, if they had sufficient assets, choose from a variety of packaged investments offered by traditional firms,” he explained. “Now, through Covestor, an investor with as little as $10,000 in assets can access personalized money management and stock-picking expertise typically available only to the extremely wealthy.”

About Covestor

Covestor (http://cv.im) was the first to enable investors to automatically mirror the trades of proven investors in their own accounts. Covestor’s multi-managed account (MMA) provides many benefits previously limited to those with millions of dollars invested with a wealth management firm but now made available at dramatically lower cost and account size minimum. Securities are purchased in the client’s name and held in custody at an independent broker-dealer.

Covestor Ltd. (“Covestor”) is an SEC registered investment adviser. Information pertaining to the registration status of Covestor can be found at www.adviserinfo.sec.gov, or may be received from Covestor upon request. While Covestor does provide limited investment advice to its clients, the content herein is provided as general and impersonalized investment information and is not a recommendation or solicitation to buy or sell any security. Covestor does not guarantee or certify the quality, accuracy, completeness, or timeliness of any content contained herein or on the Covestor.com or cv.im websites. Please take appropriate professional advice in any investment decisions.

Contacts

Austin // Lawrence Group
Martha Griffin for Covestor
203-230-8668
mg (at) austinlawrence.com

Release Summary

Navellier & Associates, Inc., four other investment firms sign on to let Covestor clients mirror strategies. Social investing means more clients for firms, more strategies for investors to follow.

Contacts

Austin // Lawrence Group
Martha Griffin for Covestor
203-230-8668
mg (at) austinlawrence.com