By John Spence This is the third installment of a multi-part series on the new breed of portfolio managers who are helping investors reach their financial goals on Covestor. At Covestor's investment marketplace, individuals can invest right alongside these managers and share their performance and expertise. Today we'll meet Clearbrook Capital Advisors, which manages the Undervalued Opportunities portfolio. Eric Steiman (pictured above) and Adam Friedman are the founders and managing members of Clearbrook, and together they have over 15 years of financial industry experience. The portfolio has been on the platform since May 2011. It is off to a fast start during its first three years, with an annualized return of 52% net of fees since inception, as of Aug. 4. The S&P 500 is up 14.6% over the same period. Below is an edited transcript of a recent interview with Clearbrook Capital Advisors: Q: Why did you decide to manage a portfolio on Covestor's marketplace? A: Eric came to Covestor with an entrepreneurial background. He wanted to be a portfolio manager but didn't want to take the "traditional" Wall Street route. He didn't mind putting the time in, but wanted to do it in a more entrepreneurial way. Eric had traded for a few years and realized he was pretty good at it. Q: How would you define Clearbrook's style of investing? A: In a nutshell, we're always looking for the best risk-reward propositions on the long and short side. We tend to run a fairly concentrated investment strategy and we try to remain cognizant of where we may be in a particular market cycle. On the long side there are some characteristics we look for when researching potential investments. We like strong brands - businesses that we think have pricing power and strong management teams. We love founders who are still owners - and founders who are still running the company they created. Normally, when you have this arrangement, you know that management is aligned with shareholders.