Disenchanted with mutual funds, some investors are turning to a pair of online registered investment advisory firms to create managed accounts that mimic the investments of preselected managers.

Covestor Investment Management, a New York and London company, and kaChing in Palo Alto, Calif., are attracting assets by targeting a segment of mass-affluent investors that other financial advisers might ignore.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.