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Covestor To Add More Advisors To Money Management Network
Tom Burroughes
31 March 2010
A separately managed account platform that takes the financial advisor out of the equation has received a boost as five money management firms have come on board. Covestor Investment Management is due to announce the addition of Navellier & Associates, AlphaMark Advisors, Braver Wealth Management, King Investment Advisors and Mosaic Financial Partners. Collectively, the five firms manage more than $4 billion, Covestor said in a statement. 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, the firm said. The Covestor platform, CVIM, was launched in July last year