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WBI Wins FinTech Breakthrough’s 2024 “Wealth Management Innovation Award”

Updated: May 13

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WBI Wins Wealth Management Innovation Award

Prestigious Annual Awards Program Recognizes Outstanding Financial Technology Products And Companies Around the World


RED BANK, N.J., March 14, 2024 – New Jersey-based investment management firm WBI is excited to announce its Cy Platform, created by software affiliate CyborgTech LLC, has been honored with the “Wealth Management Innovation Award” at the 8th annual FinTech Breakthrough Awards. The awards, organized by independent research company FinTech Breakthrough, celebrate excellence and innovation in the global FinTech sector.


The Cy Platform introduces an award-winning Digital Onboarding solution that revolutionizes the traditional account opening process. By converting manual form-based procedures for fee-based accounts, annuity programs, or other documents into a fully digital experience, it ensures efficiency and user-friendliness. Cy's platform eliminates Not In Good Order (NIGO) issues, allowing for the rapid opening of accounts—transforming a process that once took hours into one that takes minutes. Its digital onboarding system efficiently gathers necessary documents into a DocuSign package for client signatures, which is then electronically forwarded to the custodian, expediting the account setup. The platform’s unified access point further streamlines operations, reduces redundancy, and guarantees the accuracy of data across documents.


Moreover, Cy introduces a cutting-edge Machine Learning Portfolio Optimization Engine that customizes portfolio optimization based on an investor's loss tolerance and return objectives. This optimized model portfolio platform provides financial advisors with an unparalleled portfolio modeling dashboard, underpinned by WBI's quantitative technology. This enables advisors to quickly create tailored portfolios for clients and institutions, freeing up more time for client interaction and business growth.


Steve Johansson, Managing Director of FinTech Breakthrough, highlighted the transformative impact of CyborgTech and the Cy Platform, stating, "Through innovation, CyborgTech with its Cy Platform redefines the investment and onboarding process for clients with unmatched efficiency and precision. By automating financial documentation, Cy significantly reduces the time needed for data entry and corrections. Furthermore, it addresses and eliminates the traditional 'Not In Good Order' errors, enhancing operational efficiency, cutting costs, and enabling advisors to offer more impactful advice and forge stronger client relationships."


The FinTech Breakthrough Awards serve as a premier platform acknowledging FinTech innovators and leaders globally across various categories including Digital Banking, Personal Finance, Lending, Payments, Investments, and more.


CyborgTech's CEO, Matt Schreiber, expressed profound gratitude for the award, stating, "It is a great honor to be recognized with the ‘Wealth Management Innovation Award’. CyborgTech's commitment to pioneering technology and innovation is unwavering. This accolade underscores Cy's leading role in the advancement of wealth and investment technology, and showcases our dedication to excellence and innovative prowess through the enhanced Digital Onboarding and Optimization Engine.”




Consideration for this award is not a guarantee of future performance. WBI Investments LLC and CyborgTech LLC submitted applications for review, but did not directly or indirectly compensate Fintech Breakthrough Awards for any rankings and/or awards. For award categories and judging process, visit


About CyborgTech

CyborgTech, LLC is a pioneer in advanced financial technology, providing state-of-the-art solutions to financial advisors, broker-dealers, banks, and other institutions worldwide. With its proprietary machine optimization engine and other innovative tools, CyborgTech is dedicated to transforming the fintech landscape and enabling financial professionals to deliver exceptional, customized investment solutions with unparalleled efficiency and precision. For more information visit


About WBI

WBI Investments, LLC is a leading provider of investment management solutions, with a longstanding forty-year commitment to helping financial professionals optimize their clients' financial outcomes. By combining innovative technology, research-driven strategies, and exceptional service, WBI empowers advisors and institutions to create and maintain successful investment portfolios tailored to the unique needs and preferences of their clients. 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. For more information, visit


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


Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.


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Unless otherwise indicated all performance is sourced from Bloomberg.


The views presented are those of the authors and webinar or podcast hosts/participants, and should not be construed as investment advice. The authors, podcast participants, webinar hosts, or clients of WBI Investments, LLC (WBI) may own stock discussed in these insights. WBl is an investment adviser in New Jersey. WBl 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. WBl only transacts business in states in which it is properly registered or is excluded or exempted from registration. A copy of WBI's current written disclosure brochure filed with the SEC which discusses among other things, WBI's business practices, services and fees, is available through the SEC's website at: This site contains links to third-party websites. WBl does not endorse, approve, certify, or control these websites and does not assume responsibility for the accuracy, completeness, or timeliness of the information located there. Your access to and use of such websites is governed by the terms of use and privacy policies of those sites, and shall be at your own risk. WBI disclaims responsibility for the privacy policies and customer information practices of third-party internet websites.

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