Martin Tuchman, CEO of investment management firm the Tuchman Group, has been appointed to the board of directors for CircleBlack, an online financial data aggregation firm for financial advisors based in Kingston.
CircleBlack was created in 2014 and now serves 35,000 households and represents a total of $46 billion on its platform. It leverages three pending patents and provides advisors with client-facing technology in a centralized data hub that integrates all of the various independent technology providers that support each financial advisor’s particular business model.
The Tuchman Group invests in real estate, international shipping, transportation, banking and financial services. Tuchman himself is also a philanthropist and co-founder of Interpool, a nearly 50 year old container leasing company that he sold in 2007. He also serves on the board of the Bank of Princeton, and in 2013, was appointed by former Gov. Chris Christie to serve as a member of the New Jersey Commission on National and Community Service.
“I see tremendous value in the CircleBlack business model,” Tuchman said in a press release. “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.”