05/25/2011 // New York, NY, USA // Kalen // Kalen Holliday, Covestor
Covestor’s Call to Arms: This Memorial Day Forget Wall Street and Invest Alongside People Who Served their Country Mirrored Investing Firm Introduces Two More Model Managers With Military Backgrounds
NEW YORK, NY (WiredPRNews.com) Fed up with Wall Street, people are seeking investment expertise from new sources. To meet their needs, Covestor (http://covestor.com) is enabling people to replicate the trading strategies of proven professional and individual investors. The model managers Covestor offers include more than a half dozen that got their training “down in the dirt” on military missions, rather than in pricey business schools or posh brokerage houses.
“In our experience, the traits instilled through military training are equally valuable when it comes to investing,” said Perry Blacher, Covestor’s CEO. “Honesty, integrity and the ability to remain calm in volatile situations are all attributes that are important in the military as well as for model management.”
In honor of Memorial Day, Covestor announced it was launching two more investment models managed by military men: one a Marine Corps Corporal and the other a Marine Corps veteran who now serves at the Department of the Navy.
“The days of the pin-stripe clad money manager are history,” said Covestor’s CEO Perry Blacher. “Whether they wear camouflage or civilian dress, Covestor’s democratic platform is open to proven investors from all fields.”
Indeed, what sets Covestor apart is that it enables clients to mirror the stock trades of both professionals and individual investors. All model managers must also have their own money invested in their models. Currently 84 of Covestor’s model managers are individual investors, while 40 are registered investment advisors. The model managers include people who have served in the Army, Navy, Air Force, and Marines, as well as a wide range of civilian professions.
“Catapult your broker and invest alongside people who understand how to manage risk,” Blacher said.
The new managers who trained with the military are:
Chris Santiago, a budget officer with the Department of the Navy. Santiago served in the Marine Corps in Iraq and Afghanistan.
Ben Wong, a Marine Corps Corporal, who served in Afghanistan. Wong specializes in satellite and radio systems.
Covestor’s current model managers with military experience include:
Raymond Stoudt, a retired Air Force, who also spent three years in the Army. He manages the Innovative Companies model: http://covestor.com/raymond-stoudt/innovative-companies on Covestor.
Ted Dumbauld, who graduated from the United States Naval Academy, was an Officer aboard a nuclear submarine, and now runs D5, a hedge fund. He manages an Oil and Gas model on Covestor: http://covestor.com/d5-advisors/oil-and-gas-producers.
John Linnemeier served in the Army in Vietnam, where he was wounded. A published author, he manages the Opportunistic and Adventurous model: http://covestor.com/john-linnemeier/opportunistic-and-adventurous.
Gerald Sparrow, a Marine Corps veteran, is a registered investment advisor who provides asset management services to a Service Disabled Veterans Business Enterprise. He manages a Fundamental Growth model: http://covestor.com/sparrow-capital/fundamental-growth.
Carter LeCraw was an Officer in the Navy. He is a registered investment advisor and manages the American Values model: http://covestor.com/american-values.
Covestor allows its clients to automatically mirror the trades of individual and professional investors, managing their own money in their own accounts. All securities are purchased in the client’s name and held in custody at an independent broker-dealer. Covestor uses a combination of proprietary and institutional systems to capture and mirror trades for near-real time execution. The company uses industry standard software to generate its performance results.
Covestor is an investment advisor registered with the US Securities and Exchange Commission under the Investment Advisors Act of 1940. Additional information can be accessed directly from our Form ADV document, available at www.covestor.com.
It should not be assumed that any information discussed herein will prove to be profitable or that decisions in the future will be profitable or provide similar results. While Covestor does provide limited investment advice to its clients, the content herein is provided as general and impersonalized investment information and is not a recommendation or solicitation to buy or sell any security or subscribe to any particular investment model. Please take appropriate professional advice in any investment decisions.
Media Contact: Kalen Holliday, Covestor Public Relations
866-825-3005 x707 [email protected]
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