Overstock Unveils Robo-advisor Digital Investment Platform

Overstock Unveils Robo-advisor Digital Investment Platform
01.02.2018 09:24 am

Overstock Unveils Robo-advisor Digital Investment Platform

Investment Management
Overstock.com announces the launch of a digitally driven investment platform, powered by tZERO Advisors, within the online retailer’s FinanceHub. “This service introduces robo-advising investment management services to our millions of customers and continues Overstock’s commitment to bridging Wall Street and e-commerce,” said Patrick M. Byrne, Overstock’s founder and CEO. “Overstock currently delivers world-class service and award-winning customer experiences to as many as 40 million unique visitors per month. They trust us with their home and, more recently, auto purchases,” continued Byrne. “We are excited about this new program that offers our customers the opportunity to bring artificial intelligence to their financial planning.” tZERO Advisors is powered by FusionIQ’s B2C investment platform. FusionIQ is an innovative fintech company that provides intelligent investment solutions that enable easy online investing. Investors can select from a group of pre-established Adaptive Dynamic Portfolios that are matched to their investment profile or can create a customized blend of these portfolios for a low-cost monthly fee of $9.95. The robust platform is driven by FusionIQ’s proprietary algorithms and scoring system that develop and rebalance the Adaptive Dynamic Portfolios based upon dynamic market factors.

Related News

BNY Mellon announces innovative suite of services to deliver greater NAV oversight and contingency for the investment industry

The Bank of New York Mellon Corporation (“BNY Mellon”) today announced a new suite of oversight and contingent Net Asset Value (NAV) calculation solutions to complement its... Read more »

ING spins out advanced analytics portfolio tool Katana to accelerate its growth

ING announced the spin-out of Katana, the advanced analytics platform that supports portfolio managers in making faster and sharper investment decisions. To enable further... Read more »

Pennsylvania Public School Employees’ Retirement System selects SimCorp for multi-asset investment coverage

SimCorp grows its community of North American pension plans, with the addition of Pennsylvania Public School Employees’ Retirement System…

Read more »

Ripple Caps Record Year with $200 Million Series C Funding

Today, Ripple is thrilled to announce $200 million in Series C funding—an investment that marks a record year for the business and further proves the value of blockchain... Read more »

BNY Mellon and SimCorp Partner to Deliver Optimized Data Integration and Transparency through Open Architecture

The Bank of New York Mellon Corporation (“BNY Mellon”) and SimCorp today announced a collaboration that connects BNY Mellon’s range of custody capabilities—including settlement... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel