Fidelity Investments Veteran Joins Pioneering Private Label Investment Company to Provide Advice-Driven and Affordable Investment Services to The Mass Market
COSTA MESA, Calif.--(BUSINESS WIRE)-- SaveDaily, a pioneer in the field of paperless brokerage solutions announces Stan L. Smith will join the company as CEO. As of February 1, Smith will be responsible for leading the company into its next chapter and driving relationship management and strategy for the platform's growing customer base.
SaveDaily was founded in 1999 as a financial technology company with white label capabilities supporting credit unions, regional banks, broker-dealers and RIA with an emphasis around HSA, Safe Harbor and IRA solutions. Today, SaveDaily has a team of nearly 20 employees and four business lines, including HSA solutions; safe harbor and low balance; a digital solution called Go Vest; and an international arm. SaveDaily's ultra-low-cost, private label platform enables banks, brokerages, and non-traditional financial service providers to profitably offer high-end financial services to anyone, regardless of income, account size, or activity levels.
“Since our inception we have been a passionate company, doing everything we can to support the everyday savers by bringing high net-worth services, with no transaction fees, to those that may only have as little as $1 to invest,” said Jeff Mahony, Founder, Chairman, and Chief Architect of SaveDaily. “The only time you're ever looking down on someone is when you are picking them up. Stan believes in this mission, which is why I know he is an incredible addition to our team as we strive to make low-cost investing more accessible.”
Smith joins SaveDaily with over 17 years of experience as a senior financial services executive with distinguished expertise in relationship management, sales, strategy, and product management, most recently serving as Vice President, Senior Relationships Manager at Fidelity Investments. While at Fidelity Investments, Smith rose in multiple positions; ranging from service to sales to relationship management, and supported $34 billion in assets covering the largest West Coast banks and trusts, retirement advisers, registered investment advisers and record-keepers. Smith earned his bachelor’s degree from McDaniel College and went on to graduate from the MBA program at University of Leicester in England. Smith holds the FINRA Series 7, 63, 9, and 10 licenses, an Accredited Investment Fiduciary designation (AIF), and a Certified 401(k) Professional, C(K)P. Prior to Smith's tenure at Fidelity Investments, he worked as a Junior Partner managing over $100 million in high net-worth clients, hedge funds and endowments at UBS Paine Webber, Inc. and Morgan Stanley/Dean Witter Reynolds, Inc.
“This is a very exciting time to be a part of a FinTech company in the fast-changing financial service landscape,” said Stan L. Smith, CEO of SaveDaily. “I am so thrilled to join SaveDaily because the company is a strong, customer-centric, organization that innovating within the space and is making an extraordinary difference in the lives of everyday savers by providing an opportunity to invest that otherwise would not be an option.”
To learn more about SaveDaily and the platform's unique, low-cost, high-end financial services capabilities, please visit www.savedaily.com.
SaveDaily’s low-cost, private label platform enables banks, brokerages, and non-traditional financial service providers to profitably offer high-end financial services to anyone, regardless of income, account size, or activity levels. SaveDaily offers investment and record-keeping services to its intermediary partners, as well as directly to clients through a variety of white-labeled interfaces. Through SaveDaily's proprietary technology, clients can deliver a cost-efficient, high-quality investment portfolio to everyday savers everywhere. SaveDaily is headquartered in Costa Mesa, California. For more information, visit www.savedaily.com.
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