Covestor Limited, operating as Interactive Advisors, provides online investment advisory services to retail and institutional clients primarily through its digital platform. Interactive Advisors allows clients to invest by mirroring the trading activity of third-party portfolio managers or proprietary in-house portfolios, such as smart beta, asset allocation, socially responsible investing, and index tracking strategies. The firm's services focus on discretionary investment management. Interactive Advisors does not provide comprehensive financial planning, though it offers software-based tools like the Goal Tracker. All client trades are executed through its affiliated broker-dealer and custodian, Interactive Brokers LLC.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 0.75% |
Management fees vary by portfolio type, ranging from 0.10% to 0.75% annually depending on the specific portfolio chosen.