London headquartered fintech Smart acquires US-based retirement provider

Jasmine Urquhart
clock • 1 min read

London-headquartered fintech Smart has acquired US-based retirement savings solutions provider ProManage in a deal which takes Smart's assets under management (AUM) to more than £8bn. London-headquartered fintech  Smart said the deal, announced today (31 May), makes it the fifth largest managed retirement savings account provider in the US. The terms of the deal have not been disclosed, but ProManage's leadership team will remain in place. It follows the recent news that Smart Pension reached £3bn in May. The acquisition is part of Smart's global merger and acquisition strategy and...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?