Updated: Mar 18
Prestigious Awards Program Recognizes Outstanding Financial Technology Products and Companies
RED BANK, N.J., March 16, 2021 – Cy, a revolutionary financial advisor assisted robo advisory platform, today announced that it has been selected as the winner of the “Best Robo Advisory Platform” in the 5th Annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products in today’s global FinTech market.
Built by WBI’s software development firm CyborgTech LLC, Cy is an enterprise-grade robo advisory platform that pairs human financial advice with machine optimized portfolios. Cy’s streamlined client profiling quickly helps an advisor develop client benchmarks for required rate of return and loss tolerance. A powerful, quantitative engine screens the full universe of mutual funds, ETFs, UCITs, and separately managed accounts to build personalized machine-optimized portfolios that seek consistent performance through full market cycles. The platform also features customized proposals, illustrates income withdrawals, electronic account onboarding via DocuSign, BlackDiamond reporting, billing and back-office support.
“Artificial intelligence is revolutionizing the world of finance and robo advisories are one of the most exciting applications of this technology, promising to significantly streamline the complexities of financial decision-making,” said James Johnson, Managing Director, FinTech Breakthrough. “Ready for immediate implementation, Cy’s financial planning concepts and it’s distinguishing innovations to portfolio optimization and construction represent a true breakthrough in today’s advisory marketplace, and we are thrilled to recognize CyborgTech and WBI for their well-deserved ‘Best Robo Advisory Platform’ award in 2021.”
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2021 FinTech Breakthrough Award program attracted more than 3,850 nominations from across the globe.
“To compete effectively today, we feel that advisors need a fully integrated end-to-end platform that goes beyond the typical TAMPs with a plethora of investment options or a well-curated list of managers. Advisors need to be able to provide tangible value and personalized client solutions in minutes. Cy’s streamlined workflow allows advisors and clients to quickly adjust parameters that drive personalization and significantly improve client outcomes,” said Matt Schreiber, Chief Executive Officer, CyborgTech, and Co-CEO of WBI. “This award from FinTech Breakthrough is a powerful validation of the innovation and momentum of the Cy platform, and we are extremely proud to receive this 2021 FinTech Breakthrough Award.”
Financial advisors can access a free trial of Cy at investwithcy.com.
About WBI Investments
WBI Investments is a privately-owned investment management firm located in Red Bank, New Jersey. For nearly four decades, WBI’s goal has been to help investors achieve their retirement goals by aiming to reduce risk to capital and produce attractive returns so they can stay comfortably invested. Additional information about WBI’s advisory operations, services, and fees are in the Form ADV, which is available upon request or on the SEC’s website at www.adviserinfo.sec.gov.
Built by technology firm CyborgTech, WBI’s software affiliate, Cy is a revolutionary robo advisory platform that pairs human advice with machine optimized portfolios for loss and return. The platform also offers streamlined client profiling, loss and return benchmarking, personalized investment proposals, electronic account opening, billing and back-office support. The enterprise grade platform can be white-labeled for broker-dealers, RIAs, asset managers, and other institutions. For more information visit InvestWithCy.com.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
This is not an offer to buy or sell any security. There is always the possibility of loss, including the loss of the initial investment. Cy is a proprietary wealth management platform developed by WBI Investments, Inc. (“WBI”) in conjunction with CyborgTech, LLC. It should not be assumed that the future results of any specific investment strategies analyzed by Cy will be profitable or suitable for all investors. Moreover, the analysis provided by the Cy optimization platform analysis may vary with use and time. All investing involves risk, including loss of principal. While WBI seeks to manage and monitor risk, there is no way to remove risk. There is no guarantee objectives will be achieved.
Consideration for the FinTech Breakthrough award is no guarantee of future performance. WBI did not pay a fee, but did submit an application for consideration. For more information on the award categories and criteria, visit fintechbreakthrough.com.