Covestor

The first step is to become a client of CVIM.

To become a client of CVIM you execute our client agreement and open and fund a managed brokerage account, currently available with either TD Ameritrade or Interactive Brokers. A client must deposit a minimum of $10,000 to open an account with CVIM.

Covestor Limited, the parent Company of Covestor Investment Management (CVIM), is a Registered Investment Advisor (RIA), under the Investment Advisers Act of 1940.

As an investment advisor, CVIM has an obligation to ensure that the products we sell to our clients are suitable to their circumstances. Once accepted as a client, you complete a questionnaire to disclose your appetite for risk. This questionnaire generates a risk score which determines the models available to you. You can update your risk score at any time on the CV.IM console.

Clients can also instruct CVIM of specific securities which they wish to be excluded from replication.

Once you have completed the sign-up process you can use the CV.IM console to select the models you would like to follow and the amount you wish to subscribe with, from the funds available in your account. It is multi managed, i.e. there is no limit to the number of models you can subscribe to.

CVIM enforces a minimum subscription amount to any individual model (see Subscription Minimums for further detail).

CVIM only allows you to subscribe to models with a risk score equal to or lower than your own. You can add to a subscription, reduce your subscription or unsubscribe from a model at any time. All orders can be cancelled at any time up to midnight ET on the day entered. Subscription orders are then processed at market open the following day.

You can manage your account at any time using the CV.IM console. The console provides the CVIM view of your brokerage account, showing you your positions, transactions and performance in the models you are subscribed to. This is not available in your brokerage account.

Using the console you can:

• Research the models available for you to subscribe to
• View latest balances, holdings and trades of your subscriptions (as of previous day market close)
• Check on the status of or enter orders to subscribe, add to or reduce a subscription
• Update your risk score and security exclusions
• Change account and notification settings

Console Demo »

« What is an MMA