Overstock.com Adds Robo-Advising Investment Services to its Financial Hub
January 31 2018 - 6:06AM
Overstock.com, Inc. (NASDAQ:OSTK) announces the launch of a
digitally-driven investment platform (otherwise known as
robo-advising), presented by tZERO Advisors. The service is
accessible to investors through the online retailer’s FinanceHub™.
For a monthly fee of $9.95, investors can either select from a
group of pre-established Adaptive Dynamic Portfolios matched to
their investment profiles, or create a customized blend of these
portfolios.
“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.
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. The
platform will also use FusionIQ’s proprietary algorithms and
scoring system to develop and rebalance the Adaptive Dynamic
Portfolios based upon dynamic market factors.
“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.”
In addition to robo-advising, Overstock’s FinanceHub™ offers a
one-stop source for brokerage and advising products, lending
products, credit card products, and insurance products presented by
various financial institutions.
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.
O, Overstock.com, O.com, Club O, Main Street
Revolution, and Worldstock are registered trademarks of
Overstock.com, Inc. O.biz and Space Shift are also
trademarks of Overstock.com, Inc. Other service marks, trademarks
and trade names which may be referred to herein are the
property of their respective owners.
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements include all statements other than
statements of historical fact. Additional information regarding
factors that could materially affect results and the accuracy of
the forward-looking statements contained herein may be found in the
Company's Form 10-Q for the quarter ended September 30, 2017, which
was filed with the SEC on November 8, 2017, and any subsequent
filings with the SEC.
SOURCE: Overstock.com, Inc.
Media Contact:Mark Delcorps+1 (801)
947-3564pr@overstock.com
Investor Contact:ir@overstock.com
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