From our client's blog: covestor.typepad.com. we are handling launch PR for this very exciting development in the investment management space. It's a totally new type of investment vehicle. Check it out!
Today we are proud to announce the public launch of Covestor Investment Management (CVIM).
CVIM has developed the world’s first retail Multi Managed account or MMA. With an MMA you can invest directly alongside professional and retail investors, managing their own money in their own account. It is a new category of Investment product that gives you access to expert managers like a hedge fund with the security and transparency of a managed account.
CVIM licenses real time trading data from a large number of active investors and using this data creates a model of each. When you open an MMA you are given access to the models of these investors that you can subscribe to. Once you have decided which models best suit you they are auto traded for you in real time in your own managed account. Just like with an online brokerage account, CVIM then gives you a transparent view into your positions, transactions and performance per model in your MMA. An MMA puts you in control of your own fund of funds.
The CVIM platform is an open one for investment talent. For the past two years, Covestor.com has become the destination for investors to share their portfolios and build a verified investment record. CVIM takes this to the next level, recruiting model managers from Covestor.com and beyond, to offer you unbiased access to the models of a diverse set of investors. They are vetted investors, doing it with their own money in it together with you.
At Covestor we have always believed that this is how Investment Management should be done, open, honest, accessible and fair. No Wall Street conflicts of interest, no jargon, no middle men and no hidden fees. It levels the playing field for money management and puts you back in control. The platform combines proprietary software with institutional back office systems to deliver a secure, reliable and compliant experience.
The team has been working to build CVIM for the best part of three years and this post is in large part a tribute to their hard work. To find out more visit the new CV.IM website. We look forward to welcoming you as a client.
Update: Launch coverage http://www.techcrunch.com/2009/07/22/covestor-now-lets-you-trade-alongside-its-top-amateur-investors/