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Covestor Radio, EPN News, Investing

Covestor Radio – Episode 9: Mutual funds vs. private money managers: You Get What You Get

Posted: May 4, 2014 at 4:34 pm   /   by   /   comments (0)

Kimberly Clouse

Kimberly Clouse, Covestor’s Chief Client Advocate and Advisory Board Chair joins Covestor Radio to discuss Mutual Funds vs. Private Money Managers.

Covestor Radio is a show about money milestones and investing for your future and brought to you by Covestor, an online marketplace for investing.


Listen to host Eric Dye & guest Kimberly Clouse discuss the following:

  • So, for those that missed our last episode, tell us briefly what is a mutual fund?
  • What is a separately managed account?
  • What are key differences between retail mutual funds and separately managed accounts?
  • Let’s start with Structure and Regulation.
  • Talk about ownership.
  • The 3rd and 4th key differences:  Transparency and Customization.
  • What about tax considerations?


a. How you fund your account can make a difference as mutual funds generally have to be funded with cash.

b. Separately-managed accounts don’t have to report their results like mutual funds do, so if the separate account manager is reluctant to show you performance, run…and run fast.

About Kimberly Clouse

Kimberly Clouse is Advisory Board Chair at Covestor, a registered investment adviser and an online marketplace for investing.

Passionate about empowering financial consumers, Kimberly works with individuals, families and foundations to help them navigate the increasingly complex world of investment advice and make more informed financial decisions.

She previously served as Managing Director at Athena Capital Advisors and Chief Executive Officer at Hale and Dorr Wealth Advisors. Earlier in her career, she worked for United States Trust Company, J.P. Morgan and Goldman Sachs.



All opinions included in this radio episode are as of [May 5, 2014] and are subject to change. The opinions and views expressed herein are of Kimberly Clouse. All investments involve risk, the amount of which may vary significantly.

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