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Overview
CircleBlack provides a subscription-based wealth management software platform for Registered Investment Advisor (RIA) firms and financial advisors. The platform serves as an all-in-one solution that streamlines reporting, billing, and client communications while integrating with a range of wealthtech tools, giving advisors flexibility and choice. The product helps firms scale by improving performance and efficiency, enabling seamless data migration, and offering branded client experience apps. CircleBlack differentiates itself by its ability to connect with multiple wealthtech tools and deliver a customizable, scalable workflow within a single platform, rather than locking firms into a single vendor. The company’s goal is to help RIAs grow their practice, enhance client experiences, and operate more efficiently through a capable, subscription-based software solution.
About Circle Black
Industries
Data & Analytics
Enterprise Software
Financial Services
Company Size
11-50
Company Stage
Early VC
Total Funding
$12.6M
Headquarters
Boston, Massachusetts
Founded
2013
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Simplify's Take
What believers are saying
- RIAs increasingly prefer open architectures over closed wealth suites.
- Historical data migration lowers switching friction for firms changing platforms.
- Bi-directional custodian connectivity strengthens household aggregation and reporting depth.
What critics are saying
- Envestnet and Orion bundle similar workflows into larger enterprise suites.
- Custodian API changes can disrupt aggregation, reporting, and held-away account visibility.
- Best-of-breed flexibility lowers switching costs and enables module-by-module disintermediation.
What makes Circle Black unique
- Interoperable platform integrates CRM, planning, billing, and reporting across 25+ tools.
- Salesforce-based CRM embeds portfolio context directly inside advisor workflows.
- Branded web and mobile client experiences support customized, client-facing delivery.
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Funding
Total Funding
$12.6M
Above
Industry Average
Funded Over
2 Rounds
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -6%2 year growth
↓ -6%Ross joins CIrcleBlack from Envestnet, where he served as chief of business operations, leading strategic planning and transformation initiatives.
The financial advisor event anticipates a record number of attendees with a robust slate of speakers, sponsors, and sessions over three days.GAINESVILLE, Fla. and TAMPA, Fla., May 18, 2023 /PRNewswire/ -- TradePMR, a technology and custodial services provider for Registered Investment Advisers (RIAs), today announced details for its annual SYNERGY conference, which kicks off in Tampa, Fla., May 31-June 2. The conference marks the first time the company has hosted its annual gathering of RIAs in the Tampa Bay area since expanding its offices outside Gainesville, Fla., in 2020. The SYNERGY23 theme "Accelerate" focuses on insights, services, and solutions designed to propel RIA operations and growth."Advisors are facing new competition every day," said Robb Baldwin, Founder and CEO, TradePMR, "With this year's theme, Accelerate, we wanted to provide advisors with an environment where they are encouraged to learn new tactics and discover resources that could help set their firm apart in an increasingly competitive marketplace. In our opinion, if an RIA wants to grow, they should be at SYNERGY23."The conference agenda will be jam-packed with sessions from TradePMR team members, growth-minded RIAs, industry vendors, and recognized keynote speakers. Additional supporters of the event include:Jonah Berger, Wharton School professor and best-selling author
As generational wealth transfers from older adults to younger people, and a wave of new investors emerge, it is increasingly vital for advisors to carefully consider their approach to engaging with clientele whose worldview greatly differs from that of their parents.For advisors, who on average are 57 years old, getting on the same page as beneficiaries of their parents’ assets can be challenging. As such, many advisors are concerned about turnover in their client base — and rightfully so. One study from Ernst Young has found that when assets change generations, firms typically lose between 70% and 80% of those assets. Gen Z, the second-largest demographic in living history, is more tech-savvy than previous generations and most accustomed to using technology manage their daily finances. The National Association of Personal Financial Advisors reports that almost 40% of Americans under 65 receive their financial advice online or from social media, while only 17% primarily use a financial advisor. Armed with a bottomless well of information at their fingertips, 62% of today’s 18- to 24-year-olds are already investing, and 57% are using apps to do so
Ross joins CIrcleBlack from Envestnet, where he served as chief of business operations, leading strategic planning and transformation initiatives.
CircleBlack, Inc., a cloud-based software platform for financial advisors announced it has appointed Lincoln Ross as CEO and president.
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About Circle Black
Industries
Data & Analytics
Enterprise Software
Financial Services
Company Size
11-50
Company Stage
Early VC
Total Funding
$12.6M
Headquarters
Boston, Massachusetts
Founded
2013
There are no jobs for Circle Black right now.
Find jobs on Simplify and start your career today