RED BANK, N.J.--(BUSINESS WIRE)--Cy, a revolutionary financial advisor-assisted robo advisory platform, today announced that it has been selected as a finalist for the “Risk Tolerance/Client Profiling” category of the 7th Annual WealthManagement.com Industry Awards (the “Wealthies”) conducted by WealthManagement.com, the leading resource for wealth advisors and planners.
Built by WBI-affiliated 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 that can screen 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.
The “Wealthies”, WealthManagement.com’s annual awards, honor individuals, organizations, and companies that help financial advisors build better businesses and seek to create better outcomes for their clients. The 2021 Wealthies program attracted more than 900 entries from 346 different companies.
“Instead of an esoteric battery of questions that the industry often uses, Cy’s loss simulator cuts straight to the heart of every client’s concern — losing too much capital,” said Matt Schreiber, Chief Executive Officer, CyborgTech and Co-CEO of WBI. “We are honored for the recognition from WealthManagement.com, and we are extremely proud to be 2021 Wealthies finalists.”
Cy was previously named a Wealthies Finalist in 2020 and named the FinTech Breakthrough Best Robo Advisory Platform in 2021.
This is the fourth year that WBI and its affiliates have been Wealthies finalists.
The Wealthies awards ceremony will be held in person in New York City on Sept. 9.
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.
WealthManagement.com, an Informa business, provides everything wealth professionals need to know to stay knowledgeable about the industry, build stronger relationships, improve their practice, and grow their business—all from one site.
Informa PLC is a leading, international business to business information services Group, operating in over 30 countries. We create transaction-led exhibitions and content-based events, specialist data, intelligence and marketing services products, as well as scholarly research and specialist reference-led academic content. Our products and services help businesses and professionals connect, learn, do business and gain an edge over the competition. Informa is listed on the London Stock Exchange and is a member of the FTSE 100.
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 WealthManagement.com Industry award and FinTech Breakthrough awards are no guarantee of future performance. WBI did not pay a fee but did submit applications for consideration. For more information on the award categories and criteria, visit wealthmanagement.com and fintechbreakthrough.com.