Covestor Investment Management

Covestor Investment Management

Aims to: Let users follow investment managers whose strategy and track record they like and automatically replicate their trades in the user's portfolio.

What’s cool: A diverse menu of 60 investment models—more than 50 percent currently managed by nonprofessionals—providing exposure to such niche assets as Chinese American depositary receipts, long/short investing, closed-end bond funds, and sector-specific stocks.

Needs improvement: The site could offer full transparency about all accounts of each model manager, not just the one he runs on the Covestor platform (to reflect whether he has a significant portion of his net worth in the Covestor account).