Prestigious International Awards Program Recognizes Outstanding Financial Technology Products and Companies
RED BANK, N.J., March 17, 2022 – Cy, a revolutionary financial advisor-assisted robo advisory platform, today announced that it has been selected as winner of the “Best Robo Advisory Platform” award in the 6th 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. This is Cy’s second consecutive award win for Best Robo Advisory Platform in the FinTech Breakthrough Awards.
Built by WBI’s affiliated software development firm CyborgTech LLC, Cy is an enterprise grade robo advisory platform that pairs human financial advice with machine optimized portfolios. Cy is an all-in-one, investor-centered platform that is easy to access anywhere. It offers complete client profiling and benchmarking, an optimized ROR calculator, advanced portfolio optimization, and end-to-end service engagement.
Cy provides targeted loss and return portfolios optimized to a client’s personal risk and return needs. A powerful, quantitative engine can screen a universe of over 30,000 mutual funds, ETFs, UCITs, and SMAs, analyzing millions of data points to curate a list of passive, active, and alternative managers who have demonstrated strong risk-adjusted returns. Cy then runs thousands of simulations to find the maximum mathematical advantage of non-correlation and covariance. Cy’s state-of-the-art portfolio illustration instantly models alternative investment amounts and income withdrawals. Advisors can then change the loss touchpoint to optimize for maximum drawdown, worst calendar year, and worst four quarters, or optimize portfolios for return goals. The platform also features electronic account onboarding via DocuSign, BlackDiamond reporting, billing and back-office support.
“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 award for the second year in a row,” said Don Schreiber, Jr., Chief Visionary Officer of CyborgTech and Founder and Co-CEO of WBI.
“As advisors consider numerous factors when trying to assess a client’s risk tolerance, the variety of available tools to measure risk tolerance can result in inconsistent results,” said James Johnson, Managing Director, FinTech Breakthrough. “By combining critical financial planning concepts with one of the most advanced portfolio optimizations currently on the market, Cy is helping advisors get straight to the heart of a client’s reality and reframe the advisor-investor relationship. We are proud to once again recognize Cy for their well-deserved award win as our ‘Best Robo Advisory Platform’ in the annual FinTech Breakthrough Awards program.”
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 2022 FinTech Breakthrough Award program attracted more than 3,950 nominations from across the globe. “Our objective is to build portfolios with less down-market loss participation and vastly higher return sets than conventional approaches. With Cy, clients get a customized portfolio based on their personal benchmarks for success, while advisors get to deliver a differentiated value proposition,” said Matt Schreiber, Chief Executive Officer, CyborgTech and Co-CEO of WBI. “By combining advanced portfolio optimization technology with the advisor’s human advice, we are changing the way people invest. Cy’s interface is intuitive regardless of your ‘fintech’ savvy – making it a major player in the digital wealth management revolution.”
Financial advisors can access a free trial of Cy at investwithcy.com.
About WBI Investments
Founded in 1984, WBI is a trailblazer of technology-driven, goals-based wealth management solutions. The firm is a pioneer of active cash-hedged separately managed account and ETF strategies. WBI is a leader in providing client solutions tailored to their personal benchmarks for loss and return. WBI is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. WBI only transacts business in states in which it is properly registered or is excluded or exempted from registration. 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. For more information, visit wbiinvestments.com.
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.