Covestor Will Give New Clients iPads(TM)

NEW YORK, April 13 /PRNewswire/ -- Drawing a direct correlation between the way the Apple iPad is expected to lead the evolution of Internet use and the way its own service is leading the evolution of investment management for the everyday investor, Covestor (http://cv.im) announced that it will give the much-anticipated new devices to clients who sign up for the Covestor Investment Management service, effective immediately.  

Covestor empowers individual investors to mirror a proven investor's trades in their own brokerage accounts. Clients select model(s) they wish to follow, and the system matches both the weighting of investments and individual trades as the model manager makes them. Covestor's service is transparent and accountable, with all model managers trading their own money and all returns are verified. 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. Covestor's service is an ideal way to make informed investment decisions drawing upon the training, experience and research of these seasoned strategists.

According to CEO Perry Blacher, "We know our clients tend to be people with busy lifestyles who sought our service as a way to make better investment decisions actionable.  Covestor helps them meet the challenge of maximizing their lives, and the iPad fits the profile of products and services with a similar philosophy that we want to bring to our growing investor community."

The choice of the iPad as a reward for new Covestor clients underscores that both the product and service are designed to make life easier and important tasks more accessible for busy people.   In addition to letting people view and manage their Covestor accounts from anywhere with a WiFi connection, the iPad will make it easier for our newest clients to access and enjoy all the Internet has to offer, from web browsing to managing email to viewing investment information and videos, reading books and much more.

Covestor will send one iPad to qualifying new clients who open an account and fund it within 60 days of account opening with at least $30,000 (subject to the qualifying terms and conditions located at www.cv.im/ipad). Recipients will be required to maintain a minimum $30,000 in the account for at least 6 months from the date of funding (otherwise, subject to a $499 fee).

The iPads will be ordered through Apple.com and shipped directly to eligible new clients. Fulfillment of the promotion will be subject to availability, and Covestor may substitute a monetary reward of $499 in the event sufficient quantities cannot be secured within a reasonable period.

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.

Apple® and iPad™ are registered trademarks of Apple Inc.

SOURCE Covestor