By Joshua Burd
Real estate, banking and shipping investor Martin Tuchman has joined the board of directors at CircleBlack, an online financial data aggregation and empowerment platform for financial advisers and their clients.
Tuchman, chairman and CEO of The Tuchman Group, joins Bill Bartzak, Michael Castellano and John Michel on CircleBlack’s board, the firm said in a news release. They help guide a business that launched commercially less than two years ago and has experienced accelerating growth, with more than 35,000 households and $46 billion in assets on its platform.
“I see tremendous value in the CircleBlack business model,” Tuchman said. “They are solving an important issue for investors by providing transparency which drives trust while at the same time making investment advisors’ practices much more efficient and integrated.
“Their innovative approach leverages big data for both the benefit of the end investors and the advisors serving them.”
Tuchman’s company focuses its investments in real estate, international shipping, transportation, banking and financial services, according to a news release. In 1968, Tuchman co-founded Interpool, one of the nation’s leading container leasing companies, which was sold in 2007.
Tuchman is also on the board of The Bank of Princeton, a $1.1 billion community bank.
CircleBlack is focused on increasing trust between advisers and their clients through world class, client-facing technology and providing advisers with a centralized data hub, according to a company description. The platform seamlessly integrates all of the various independent technology providers that support each financial adviser’s particular business model.
“As both a former Ernst & Young Entrepreneur of the Year and Grand Prize winner of the Cisco Growing with Technology Award, Marty Tuchman brings a wealth of experience in successfully growing scale enterprises,” said John Michel, CircleBlack’s founder. “This appointment is indicative of the company’s commitment to serve the wealth management sector by empowering financial services firms with best in class technology and client engagement capabilities in an increasingly high-speed and data driven world.”
The board appointment will go into effect immediately.