bankingciooutlook

CircleBlack Partners with State Street Global Advisors and Smartleaf Asset Management

Banking CIO Outlook | Wednesday, September 29, 2021

Advisors gain access to a suite of low-cost model portfolios from State Street, a pioneer in the indexing space which launched the first U.S. ETF and has built a universe of active and index strategies across asset classes.

FREMONT, CA: CircleBlack, a unified wealth management platform, has partnered with State Street Global Advisors (SSGA) and Smartleaf Asset Management (SAM) to offer advisors access to a range of new low-cost growth strategies through its wealth management platform.

The additional model portfolios, available through CircleBlack's Model Marketplace, include:

  • Suite of SSGA asset allocation, tax-sensitive, and income strategies
  • SAM S&P 500 strategies

Advisors gain access to a suite of low-cost model portfolios from State Street, a pioneer in the indexing space which launched the first U.S. ETF and has built a universe of active and index strategies across asset classes. Those portfolios include the Strategic Asset Allocation ETF Portfolios, six model portfolios constructed based on risk tolerance to achieve market exposure across equity and fixed income markets.

Other portfolios include the Active Asset Allocation ETF Portfolios, which focus on outperforming benchmarks over a complete market cycle, and Tax-Sensitive ETF Portfolios, which capture potential tax advantages of municipal bonds while diversifying globally.

Each State Street ETF Model Portfolio is designed, built, and managed by the Investment Solutions Group, managing money for central banks, pension funds, sovereign wealth funds, endowments, and other large institutions.

Through SAM, advisors have access to the Smartleaf S&P 500 strategies, including; Smartleaf Core Model-S70 (SCM-S70) and Smartleaf Core Model-S150 (SCM-S150). The new offerings complement the array of asset managers already available in CircleBlack's Model Marketplace, including (but not limited to) Blackrock, Goldman Sachs, PIMCO, and Wisdom Tree.

"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," said Alex Sauickie, President and CEO of CircleBlack.

"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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