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Stan Smith
Managing Director at DriveWealth
Stan Smith is the Managing Director at DriveHSA, a division powered by DriveWealth, where he has been instrumental in modernizing the Health Savings Account (HSA) investment space. His tenure at DriveWealth began in February 2020 and lasted until April 2024. In this role, he was responsible for developing and managing DriveHSA's operations, which included embedding DriveWealth's brokerage infrastructure into various financial institutions and HSA administrators.12
Professional Background
Stan Smith brings over 26 years of experience in the financial services sector, with a strong focus on fintech companies, HSA providers, and retirement plan advisory services. His expertise encompasses strategy, business innovation, relationship management, and product launch.1 He holds several professional designations, including:
- CHSA® (Certified Health Savings Account Professional)
- AIF® (Accredited Investment Fiduciary)
- C(k)P® (Certified 401(k) Professional)
- An MBA degree
Key Achievements
During his time at DriveHSA, Smith achieved significant growth metrics:
- Onboarded over 19 enterprise partners, managing a total of more than $8 billion in assets under management (AUM).
- Achieved a year-over-year growth of 118% in net new funded accounts and 140% in net new assets.123
Previous Roles
Before joining DriveWealth, Smith held leadership positions at various financial institutions, including:
- Chief Executive Officer & President at SaveDaily® from February 2018 to January 2020.
- Vice President, Senior Relationship Manager at Fidelity Investments from April 2011 to January 2018.14
Current Initiatives
Smith has recently been involved in partnerships aimed at enhancing HSA investment capabilities. Notably, he played a key role in a collaboration with First Dollar to integrate HSA investment features into their Health Wallet platform, allowing consumers to invest seamlessly in fractional shares and diversified portfolios.23
In summary, Stan Smith is a seasoned executive with significant contributions to the fintech landscape, particularly in health savings accounts and investment management.
