By Martin Eriksson
Covestor just got a whole lot better.Since we first started building Covestor, we've wanted to make the experience the best in the industry. We always wanted that experience to be as real-time as possible, but it proved to be fiendishly complex to update the vast amount of data required to run Covestor in a timely manner while maintaining the quality and accuracy you've come to expect from us. Well, I'm delighted to announce that we've cracked it! Thanks to the diligent efforts of our engineering team, today we're launching two of our clients' top requests: allowing you to invest and redeem portfolios in near real-time throughout the day, and revamping the dashboard to update continuously.
More on each upgrade:The biggest news is that we now process your investment or redemption instructions in near real-time throughout market hours, generally in under a minute (Instructions placed outside market hours will be processed at the next market open to ensure the accuracy of the replicated trades). No more waiting for the next market open — giving you much greater confidence that you can buy or sell when it's most convenient for you, and when you believe it's most advantageous to do so. Second, the improved account dashboard (preview example shown below) will give you the same data as it always has, but now, it will update continuously throughout the day, so you can keep an even closer eye on your balance and performance. Of course, there's still a fully reconciled view as of the previous day's close under your portfolio tab that takes into account corporate actions and other complexities.
Check it outTo see these upgrades in your account, simply login here. Not Covesting yet? Open and fund your account here!
We hope you're as excited about these improvements as we are, and there are many more to come!Happy Covesting! Martin
Chief Product Officer, Covestor
PS – If you've tried Covestor before, now's also a great time to come back and see how we continue to upgrade the experience for you – and if you haven't, sign up for our 30 day trial with $100k in "virtual cash" today!
The post A more immediate Covestor appeared first on Smarter InvestingCovestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.