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Technology > Investment Platforms

Vanguard Model Portfolios Added to CircleBlack Platform: Tech Roundup

By Jeff Berman

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What You Need to Know

  • Advisors can now access Vanguard ETF model portfolios in the CircleBlack Marketplace.
  • Hantz Financial Services will become the first firm to give its advisors access to the new Discovery feature in Riskalyze Elite.
  • An advisor-client matchmaker announced a partnership With Betterment for Advisors.

CircleBlack expanded the Model Marketplace on its unified wealth management platform with the addition of index-based strategic model portfolios of Vanguard.

Vanguard becomes the sixth asset manager to join the CircleBlack platform this year and one of three on the platform that ranks among the top five largest asset managers globally, according to CircleBlack.

Through the CircleBlack Marketplace, advisors can now access Vanguard exchange-traded fund strategic model portfolios, including: Core (holding four U.S. and international equity and fixed income Vanguard ETFs), CRSP (10 Vanguard ETFs), S&P (nine Vanguard ETFs) and Russell (10 Vanguard ETFs).

Advisors can also access objective-based model portfolios designed for income or tax efficiency, CircleBlack said.

The new offerings join CircleBlack’s Marketplace offerings that already included BlackRock and State Street Global Advisors, also among the top five largest firms, as well as (but not limited to) Goldman Sachs, Pimco, Smartleaf Asset Management and WisdomTree, CircleBlack said.

“Just in the last month and a half, we’ve added Vanguard and State Street Global Advisors, among about a half a dozen total in that time frame,” Alex Sauickie, CircleBlack CEO and president, told ThinkAdvisor on Wednesday.

Also significant is that “we’ve gone beyond just the size of the asset manager [to] the diversity of those asset managers,” he explained. “We’ve added firms that’s specialize in ESG models, tax-sensitive models, alternative investments and emerging markets, among others.”

Model portfolios, meanwhile, “really are the way that advisors are going right now in terms of focusing on efficiency and the investments that they want to get their investors in [and] the ability to add good trading and rebalancing along with that to keep them from drifting and within the models that those firms have laid out,” he added.

Hantz Advisors Get Access to Riskalyze Discovery

Hantz Financial Services finalized an enterprise agreement to become the first firm to deliver its advisors access to the new Discovery feature in Riskalyze Elite.

In announcing Discovery at the Fearless Investing Summit in Palm Springs, California, last month, Riskalyze said the new feature uses a quantitative engine to find ETFs, mutual funds and other securities that best fit an investor’s portfolio using a series of criteria that includes the Risk Number and Riskalyze GPA.

Southfield, Michigan-based Hantz, which has more than 165 financial consultants, selected Riskalyze because of its “state-of-the-art portfolio analytics, investment research capabilities, and the opportunity to consolidate technology solutions with Riskalyze’s launch of Discovery,” Hantz said on Wednesday.

Hantz has allowed its advisors to use Riskalyze for a few years and “saw the power of Discovery to augment its tech stack across the organization,” Hantz said.

Betterment for Advisors Makes Deal With Advisor Matchmaker

Zoe Financial entered into a new deal with Betterment for Advisors, the companies said in a joint announcement on Wednesday.

As part of the deal, advisors applying to or those already in the Zoe Network will get a special discount offer to use the Betterment for Advisors wealth management platform, while current users of the platform who apply and are admitted into the network will get an exclusive discount, the companies said.

New York City-based Zoe operates a technology-driven online marketplace that provides matches based on investors’ unique financial objectives and connects them with Zoe-certified financial advisors across the U.S.

The Betterment for Advisors platform enables RIAs to leverage a suite of tools — from automated rebalancing, tax-loss harvesting, and asset location to paperless onboarding and simplified money movement — to streamline their business.

 (Image: Shutterstock)

Jeff Berman

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