Web Desk
With its new employee openings, Fidelity plans to expand its financial advice, technology and customer service ranks across its U.S. footprint. “The bulk of the hiring has been in this client experience area, where we look after the onboarding of accounts and the servicing of advisors,” he said, referring to Fidelity’s RIA, family office, bank trust and recordkeeping custody business. “That’s been to respond to volume, but to anticipate the new growth of the channel.” In its own wealth management division, it is hiring financial planners who will primarily work remotely, according to the company. Fidelity anticipates hiring individuals who live near pre-existing investor service centers in locations such as Seattle, Los Angeles, Miami and Detroit, among other cities.
Fidelity is continuing to grow after experiencing a record year in 2020, in which it grew to more than $9.2 trillion in assets under administration. The company hired a total of 7,200 new associates. The company expects to fill about half of the positions by mid-year.
Suggestion For You:
When speaking with Financial Planning last month, RIA custody division head David Canter declined to comment on how many of these new employees operated within its custodial division. “More customers are reaching out to us more than ever before,” Mark Barlow, senior vice president and general manager at Fidelity Investments, wrote in a LinkedIn post announcing the company’s intentions for recruiting.
Rival retail brokerages and custodians, such as Charles Schwab, have experienced outsized growth and stock trading on their platforms in 2020, which has continued on into 2021. Source www.financial-planning.com The company has experienced “dramatic increases” in new customers, call and trading volumes and digital engagement, it says.
The Boston-based private company is also recruiting client service employees, in order “to stay ahead of unprecedented customer engagement,” according to Barlow’s LinkedIn post. It anticipates adding approximately 2,500 new associates to its regional sites to support retail, workplace and intermediary clients. The company will also hire approximately 300 tech employees, including full stack software engineers, data scientists, mobile/IOS engineers and architecture positions, according to Fidelity.
The News Highlights
- Fidelity hires 4,000 financial planners, technology employees and customer service
- Check the latest News news updates and information about business, finance and more.
For Latest News Follow us on Google News
- Show all
- Trending News
- Popular By week
The Binding of Isaac: Repentance feels like a whole different game, and some fans are finding it difficult to adjust.
New Update on Desktop (PC) Spirometer Market 2021 Analysis
The 8 Best Data Analytics Laptops for Data Science to Consider in 2021
Chinese Vice President terms himself ‘announcer for Xi,’ bringing life back to the feud
Restaurant owner seeing more business, credits vaccinations
Global Enzymes Market Expected to Rise at a CAGR of 9.4% and Reach up to $17,875.7 Million from 2019 to 2026
Mullen Group Ltd. reports financial results for the first quarter of 2021
Correction: Form 8.3 – Aggreko Plc (Amended) London Stock Exchange:RAT
