The deal is the latest transaction as part of an aggressive M&A strategy for Smart, announced in Q4, 2021. The announcement follows Smart’s recent £165 million Series D funding round.
Smart, the London-headquartered retirement technology platform provider that powers the Smart Pension Master Trust, with nearly 1 million members, along with partnerships globally, has announced its acquisition and merger of Stadion Money Management (“Stadion”). The US based firm offers personalised digital retirement solutions to advisers, employers and members. The acquisition marks the latest in a series of strategic transactions by Smart that have helped the company realise a 2,000% AUM growth over 3 years, and is scheduled to close during Q1 2022. The terms of the deal are not disclosed. Stadion will become a wholly-owned subsidiary of Smart.
Stadion’s managed account knowledge and technology will bolster Smart’s transformative suite of retirement technology comprising personalisation across accumulation and decumulation. This complements Smart’s awardwinning Platform-as-a-Service offering, across the Smart Pension Master Trust, and through partnerships with financial services organisations globally. Through Stadion, Smart will gain 40 talented professionals, which takes the overall global business to around 700 colleagues, the majority of whom will be based in the company’s recently announced 6-floor London HQ.