Overstock.com and tZERO Advisors Launch Robo-Advisor Digital Investment Platform
January 31 2018 - 11:07AM
Business Wire
Overstock.com (NASDAQ: OSTK) 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.
About Overstock.com
Overstock.com, Inc. Common Shares (NASDAQ:OSTK)
/ Series A Preferred (Medici Ventures’ tZERO platform: OSTKP)
/ Series B Preferred (OTCQX:OSTBP) is an online retailer based
in Salt Lake City, Utah that sells a broad range of
products at low prices,
including furniture, décor, rugs, bedding,
and home improvement. In addition to home
goods, Overstock.com offers a variety of products
including jewelry, electronics, apparel, and more, as well as a
marketplace providing customers access to hundreds of thousands of
products from third-party sellers. Additional stores include Pet
Adoptions and Worldstock.com dedicated to selling artisan-crafted
products from around the world. Forbes ranked Overstock
in its list of the Top 100 Most Trustworthy Companies in 2014.
Overstock regularly posts information about the company and other
related matters under Investor Relations on its
website, http://www.overstock.com.
About tZERO Advisors
tZERO Advisors, LLC is an SEC Registered Investment Advisor.
tZERO Advisors seeks to use technology to provide investors the
best possible equity based portfolio for their stated risk
tolerance. The tZERO offering includes: innovative, risk tolerance
matching US based equity portfolios, dynamic portfolios designed to
address changing markets, and analytics and algorithms that drive
US equity based portfolios. Investing in securities involves risk
and there is always the potential of losing money when you invest
in securities. Before investing consider your objectives, tZERO
charges and related expenses. Past performance is no guarantee of
future results. This is not an offer or advice to buy or sell
securities.
About FusionIQ
FusionIQ is an innovative fintech company that provides
intelligent investment solutions that enable easy online investing.
Through a low-cost digitally driven investment platform, investors
benefit from FusionIQ’s real-time proprietary financial research
and algorithm for scoring and ranking securities in four
dimensional factors (fundamental, technical, sentiment and
momentum) that are constantly adjusted for various market
environments.
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version on businesswire.com: http://www.businesswire.com/news/home/20180131005917/en/
Media:Overstock.comMark Delcorps,
+801-947-3564PR@Overstock.comortZERO AdvisorsAlexandra
Sotiropoulos,
+212-754-5615asotiropoulos@intermarket.comorFusionIQAndrea
Trachtenberg, +732-673-9346
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