Josh Levin of OpenInvest was kind enough to chat with me at Morningstar’s Investment Conference earlier this year. Unfortunately, I was busy and distracted but curious about Josh Levin and his investment platform. Could OpenInvest and similar firms disrupt the mutual fund industry?
Andreessen Horowitz, YCombinator, QED, and others back OpenInvest financially. I knew OpenInvest allows customers to customize portfolios, harvest tax losses and still track the performance of major indexes at low cost. Josh Levin is onto something but at the conference I focused on proxy voting. I finally submitted a rulemaking petition to the SEC (Real-time disclosure SEC petition July 9 pdf) on the subject last week. Continue Reading →