Covestor

  • Wikinvest Already Tracking $1 Billion In Portfolio Assets

    Wikinvest Already Tracking $1 Billion In Portfolio Assets

    Sometimes a startup rolls out a new feature, and it just hits the sweet spot of what consumers are craving. It looks like Wikinvest has a hit on its hands with its new realtime portfolio tracker. Less than three weeks after its launch, Wikinvest is tracking $1 billion worth of real investments tied to the real brokerage accounts of about 10,000 members. The Wikinvest portfolio tracker lets… Read More

  • With $100 Million In Tracked Trades Under Its Belt, Covestor Merges Investment Management And Social Investing

    With $100 Million In Tracked Trades Under Its Belt, Covestor Merges Investment Management And Social Investing

    When you follow someone on social investing site Covestor, you get to see all of their real trades. But now, for some superstar investors on Covestor, following them can also have financial implications. Earlier today, Covestor merged its main social investing site with Covestor Investment Management (cv.im), a separate service it launched nearly a year ago to allow individual investors to… Read More

  • Covestor Now Lets You Trade Alongside Its Top Amateur Investors

    Covestor Now Lets You Trade Alongside Its Top Amateur Investors

    The end game for many social investing sites is to create their own investment management products that link member's brokerage accounts to the trading data generated by the top portfolios on each site. Today, Covestor is the first major social investing site to launch a stock trading product. It is called Covestor Investment Management (CVIM). Covestor had to become an SEC-registered… Read More

  • SEC Gives Social Investing Site kaChing Green Light To Take On Mutual Funds

    SEC Gives Social Investing Site kaChing Green Light To Take On Mutual Funds

    Every social investing site wants to turn the insights of its trading members into financial products that people can actually link to their brokerage accounts. Finding the few brilliant stock pickers in the crowd and then letting everyone else follow their portfolios while taking a cut of the management fees is the business model. KaChing, which is the most popular investing application on… Read More

  • Social Investing Site Covestor Is Now Open to the Public

    Social Investing Site Covestor Is Now Open to the Public

    Covestor, a social investing site where people share the performance of their real stock portfolios, came out of private beta this morning. Now anyone can join, and it is welcoming voyeurs who only want to watch other’s performance but not share their own. This should broaden the appeal of the site and provide a no-commitment entry point for people who may be uncomfortable with sharing their… Read More

  • Mint Moves Into Investment Tracking

    Silicon Valley-based startup Mint, which provides a service that lets users manage their checking, savings and credit card accounts online, will launch a new product on May 6 that lets users track virtually any type of investment account as well. Users will now be able to manage all of their financial assets on the Mint site. With this change, Mint says, 6,500 US financial institutions: 2,520… Read More

  • Billeo Secures $7 Million In Financing

    Billeo Secures $7 Million In Financing

    Online bill pay service Billeo has announced a $7 million Series B round of funding. ATA Ventures led the financing, with additional contributions from all of Billeo’s existing investors including Altos Ventures, Claremont Creek and Pacifica Fund. There have been a lot of startups focused on enhancing your online personal finance, mostly around analyzing your investments (Cake, Zecco… Read More

  • Social Investing Site Covestor Now Collectively "Manages" $100 Million

    Social Investing Site Covestor Now Collectively "Manages" $100 Million

    Call it social finance. A bunch of investing sites, from MarketWatch and Motley Fool CAPS to Cake Financial and Social Picks, let investors create fantasy portfolios and track their performance. The idea is to compete against each other, celebrity investors, and the overall market. The best investors, whether pros or schmoes, rise to the top and collect a following. It’s the online version… Read More