I am sure there is a way to do this without having to edit the photo in Photoshop but I have not been able to figure this out. Could anyone point me in the right direction. I want the photo to be round not square

Select the styles tab
Scroll down and select Design
Now select Border and Corners.
Click the center of the Radius box to turn on all corners and then set the radius needed.

Insert your square image where you want it to appear. Then select corner radius 500px for both x and y. You find radius in the style pane, Design tab, borders and corners

Or, when using Materialize, add the class "circle" to the square image. And, when using Bootstrap 4 it is "rounded-circle".