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September 9, 2021

CircleBlack taps SSGA and SAM to expand Model Marketplace

CircleBlack has entered into partnerships with State Street Global Advisors (SSGA) and Smartleaf Asset Management (SAM) to expand its Model Marketplace platform.

The move will provide advisors with access to additional low-cost growth strategies.

The new model portfolios that would be available through CircleBlack’s Model Marketplace are a suite of SSGA asset allocation, tax-sensitive, and income strategies; and SAM S&P 500 strategies.

SSGA portfolios will include the Strategic Asset Allocation ETF Portfolios, six model portfolios developed to secure exposure in equity and fixed income markets.

Other strategies are the Active Asset Allocation ETF Portfolios and Tax-Sensitive ETF Portfolios.

Every portfolio is developed and managed by the Investment Solutions Group.

On the other hand, the advisors will gain access to Smartleaf Core Model-S70 (SCM-S70) and Smartleaf Core Model-S150 (SCM-S150) through the Smartleaf S&P 500 strategies.

CircleBlack president and CEO Alex Sauickie said: “We know advisors need a diverse range of model portfolios to serve their clients as they focus more and more on financial planning and wellness.

“While other advisor platforms are just starting to introduce models for availability to advisors, CircleBlack has been supporting models for years and is approaching 20 asset managers to offer a wide selection of cost-effective, globally diversifying, tax-sensitive strategies as we also expand our model management tools, rebalancing features, and platform integrations.”

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