Covestor and CVIM Blog

Job Opportunity - Data Manager, London

This is a newly created position within Covestor’s London based Data Team.  The Data Manager will be responsible for setting up new clients and model managers on the CVIM platform and ongoing maintenance of accounts on both cv.im and covestor.com. The role requires a close relationship with both our sales and technology teams.

Key Responsibilities

• Client and Model Manager Take-On - manage prospective clients and model managers through the process of establishing tradable accounts
• Account Reconciliation - daily reconciliation of client and model manager accounts to custodian records
• Security Master Maintenance
• Trade Monitoring – intra-day model manager and client trading activity
• Reporting and Administration - production of compliance and operational reports

About You
You will be a detailed oriented individual, comfortable around technology and willing to roll your sleeves up and get immersed within a fast paced and demanding environment.

The successful candidate will :

• be highly numerate and analytical
• possess strong Excel skills
• have a strong eye for detail and accuracy
• have excellent written and verbal communication skills
• have drive and enthusiasm and be able to work autonomously

Additional useful skills / characteristics:

• knowledge of equities, funds and other financial instruments
• accounting experience

This is an exciting opportunity for someone recently graduated from an accounting or finance degree and interested in pursuing a career in the finance or technology sectors. Alternatively, you may have 1 to 2 years experience working within the data team of an information provider or financial services firm and now looking for an entrepreneurial challenge.

What to Do Next
This is a full-time position based in Covestor’s London office. Only passionate, energetic and ambitious individuals who are also eligible to work full-time in the UK should apply.  If that’s you, don’t delay, send your CV and details of your current salary to jobs1209 (at) covestor.com.

Covestor issues open invitation to enable anyone to become a portfolio manager *

As the first asset management firm to provide our clients open access to investment strategies, Covestor has opened its investment platform, Covestor Investment Management to all individual or professional investors.  Any investor can now earn fees as others follow their lead.

To join the platform a model manager must be willing to disclose real brokerage moves, and share at least a year of performance history.  Becoming a model manager requires accepting the appropriate agreement (depending on whether the individual is a professional or non-professional investor) and funding a brokerage account for live replication.

If you'd like to manage a model you can find out more or contact Eric Esterkin, Director Manager Relations at 646 502 8726.

* Unregulated individuals do not manage third party funds, but sell their trading data to CVIM.  CVIM may use that data at its sole discretion to manage its clients' funds based on their suitability.

Scheduled Maintenance

Our hosting provider will be conducting scheduled infrastructure maintenance on 30 November 2009 between 1am and 2am Eastern.  The Covestor.com and cv.im websites will be unavailable for between 20 and 60 minutes whilst this maintenance is completed.  We apologize for any inconvenience.

Job Opportunity - Head of Marketing, New York

This is a newly created position, responsible for building an online Investment Management business. The successful candidate will be responsible for the marketing budget, from planning through execution. They will manage identification of the target audience, and defining the proposition and communications for building an exciting consumer finance platform. The role requires both planning expertise as well as experience executing successful marketing programmes.

Brand ownership 
- Own brand positioning 
- Understand and define customer profiling and segmentation 

Planning 
- Identifying target audience 
- Defining proposition and incentives 
- Messaging and positioning of CVIM offering 
- Planning marketing mix 

Execution 
- Executing any copy needed for campaigns (e.g. emails, ad copy, press releases) 
- Managing third parties for campaign delivery 
- Monitoring metrics and reporting 

Campaign management 
- Ownership of mass communications – both message and medium. 
- Build and manage multi channel marketing programs 
- Monitoring and reducing cost of acquisition, and ongoing relationship metrics 

Lead Generation and relationship management 
- Initially the key role is generating high quality new client leads for the web site and sales team 
- Significant budget 

Internal support 
- Draft communications and collateral for sales and support teams

Skills
The role is ideally suited for someone who is passionate about marketing, and in shaping the direction of a highly disruptive web based product. Experience building a consumer brand from scratch preferred. The candidate does not have to have a background in financial services.

As a key member of a small team you will want to grow a new breed of financial services company from the ground up. The right candidate will be self motivated and hard working, adaptable to change and not afraid of getting their hands dirty. Rather than being an institutional fund provider, we are an internet business catering to clients that expect greater control and transparency. We are looking for a candidate who can reflect and communicate that ethos.

Key Competencies - Role Specific
- The position calls for a passionate marketeer
- Demonstrated success in building a compelling consumer proposition
- Experience marketing online products

Key Competencies - Generic
- Excellent interpersonal, and relationship-management skills
- Ability to self-manage and work autonomously
- Drive and enthusiasm

Benefits of Role
- Key member of management team, with control over significant budget
- Potential for growth in the role as core part of Covestor offering
- Part of a highly motivated team

Company Description
Covestor Investment Management (CVIM), an SEC registered investment advisor, is the first web based money management platform. It provides a managed account service, previously only available to those with millions of dollars invested with a wealth management firm, where one can invest alongside any brilliant self-directed individual or professional investor (www.cv.im)

CVIM is the transactional platform of Covestor (covestor.com) the leading real-trade sharing service that lets any committed investor, individual or professional, build a track record, establish a fund and benefit as if they were a professional money manager.

To Apply
Applicants with relevant experience should send their resume to jobs1009 [at] covestor.com

Please do not apply if you are not eligible to work in the USA or unable to attend an interview in mid-town Manhattan, New York.

No agencies

10 New Managers Available to Auto Trade

We are pleased to announce the launch of 10 new model managers, available for auto replication on Covestor Investment Management.  These managers  increase the variety of strategies available and each brings an exciting new dynamic to the platform.

The new models include William Davidson, a management professor, author and expert on emerging markets managing a emerging markets focussed model, Patrick Clark  a career air force noncommissioned officer stationed in Germany, and Stephanie Sammons  with 15+ years of wealth management experience, managing a low risk ETF focussed growth model.  While all different, all are proven investors with a history of market outperformance, a consistent strategy and their own money leading the model.

To find out more visit the CVIM website or contact our head of client relations Bhargav Shivarthy at 646 257 2143.

Job Opportunity - VP Product, New York

Covestor Investment Management (CVIM) is hiring a VP Product based in our New York office. 

We are looking for a senior professional to take ownership of an industry changing, web-based, consumer finance product.  The VP Product will be responsible for setting the product strategy and roadmap and working with a Project Manager and team of engineers to successfully execute it.  The VP Product will work closely with the CEO to refine the product strategy and achieve the Company’s core business objectives.

Specific responsibilities include:

• Conducting user research and delivering a first class, highly effective user experience
• Standardizing the product development process
• Writing the product roadmap, prioritizing and writing business requirements with sufficient detail for technical implementation
• Managing needed internal and external resources – e.g. interaction designer, copywriter, graphic designer
• Collaborating with the technical development team to deliver the best product possible

Skills
This role is ideally suited for someone experienced in building world class products and in shaping the direction of a highly disruptive web based service. The candidate does not have to have a background in financial services but will be able to operate in a fast paced start-up.

As the key member of a small team you will want to grow a financial services company from the ground up. The right candidate will be self motivated and hard working, adaptable to change, not afraid of getting their hands dirty and working both with others and autonomously. Rather than being an institutional fund provider, we are an internet business catering to clients that expect greater control and transparency. We are looking for a candidate who can reflect and communicate that ethos.

Key Competencies - Role Specific

• The position calls for an ambitious and experienced product marketeer
• Demonstrated success in building a compelling consumer proposition
• Experience building multi-functional online products

Key Competencies - Generic
- Instinctual understanding of needs of financial consumers
- Excellent interpersonal, and relationship-management skills
- Ability to self-manage and work autonomously
- Drive and enthusiasm

Benefits of Role

• Key employee with control over significant budget
• Potential for significant growth in the role as core part of Covestor offering
• Part of a highly motivated team

Company Overvidew
Covestor Investment Management (CVIM), an SEC registered investment advisor, offers its clients a better alternative to a mutual fund. It provides a managed account service, previously only available to those with millions of dollars invested with a wealth management firm, where one can invest alongside any brilliant self-directed individual or professional investor (www.cv.im)

CVIM is the transactional platform of Covestor (covestor.com) the leading online real-trade sharing service that lets any committed investor, individual or professional, build a track record, establish a fund and benefit as if they were a professional money manager.

Covestor is led by a team with successful start-ups under their belt and backgrounds from Amazon, Goldman Sachs, McKinsey and Microsoft. The company is a venture backed start-up with offices in London and New York.

To Apply
Applicants with relevant experience should send their resume to jobs1009 [at] covestor.com

Please do not apply if you are not eligible to work in the USA or unable to attend an interview in mid-town Manhattan, New York.

No agencies.

Director Manager Relations: Eric Esterkin

We are pleased  to announce the addition of Eric Esterkin to the team at Covestor Investment Management.  Eric is responsible for bringing great investors on to the CVIM platform to manage models, and for day-to-day support for the existing managers.

Eric joins CVIM from the financial services industry, having worked previously both in investment banking and asset management. He also publishes the popular Investeneur newsletter.  Eric has an MBA from the University of Southern California.  

We are actively recruiting top investors, both professional and individual, to join the Covestor Investment Management platform.  If you feel you have what it takes, or have questions about what is involved get in touch with Eric directly.  I am sure many of you will get to know him. We are delighted to have him on board.

Scheduled Maintenance

We will be performing routine hardware maintenance tomorrow morning between 4:00am - 6:00am EDT

This maintenance work will not affect your account.  During this work both www.cv.im and www.covestor.com will not be available.  Apologies for the inconvenience. Feel free to contact us if you have any questions.

Announcing the Launch of Covestor Investment Management (CVIM)

 Today we are proud to announce the public launch of Covestor Investment Management (CVIM). 

CVIM has developed the world’s first retail Multi Managed account or MMA. With an MMA you can invest directly alongside professional and retail investors, managing their own money in their own account. It is a new category of Investment product that gives you access to expert managers like a hedge fund with the security and transparency of a managed account.

CVIM licenses real time trading data from a large number of active investors and using this data creates a model of each. When you open an MMA you are given access to the models of these investors that you can subscribe to. Once you have decided which models best suit you they are auto traded for you in real time in your own managed account. Just like with an online brokerage account, CVIM then gives you a transparent view into your positions, transactions and performance per model in your MMA. An MMA puts you in control of your own fund of funds.

The CVIM platform is an open one for investment talent. For the past two years, Covestor.com has become the destination for investors to share their portfolios and build a verified investment record. CVIM takes this to the next level, recruiting model managers from Covestor.com and beyond, to offer you unbiased access to the models of a diverse set of investors. They are vetted investors, doing it with their own money in it together with you.

 At Covestor we have always believed that this is how Investment Management should be done, open, honest, accessible and fair. No Wall Street conflicts of interest, no jargon, no middle men and no hidden fees. It levels the playing field for money management and puts you back in control. The platform combines proprietary software with institutional back office systems to deliver a secure, reliable and compliant experience.

The team has been working to build CVIM for the best part of three years and this post is in large part a tribute to their hard work. To find out more visit the new CV.IM website.  We look forward to welcoming you as a client.

Update: Launch coverage http://www.techcrunch.com/2009/07/22/covestor-now-lets-you-trade-alongside-its-top-amateur-investors/

Scheduled Site Maintenance

 We will be performing scheduled maintenance tonight between EDT 5:00pm - 8:00pm / GMT 9:00pm - 12:00pm.

This maintenance work should take 10-20 minutes.  During the maintenance www.covestor.com will not be available.  We apologize for the inconvenience. Should you have any questions, please contact us.

 We will be performing scheduled maintenance tonight between EDT 5:00pm - 8:00pm / GMT 9:00pm - 12:00pm.

This maintenance work should take 10-20 minutes.  During the maintenance www.covestor.com will not be available.  We apologize for the inconvenience. Should you have any questions, please contact us.