MutualFundWire.com: A Titan Accelerates the Hiring of Thousands

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Tuesday, April 14, 2020

A Titan Accelerates the Hiring of Thousands

Abby Johnson is expanding her U.S. team during the coronavirus crisis.

Abigail Pierrepont Johnson
FMR (dba Fidelity Investments)
Chair, President, CEO

Yesterday the Fidelity Investments [profile] folks confirmed "plans to accelerate the hiring of approximately 2,000 people — beyond the thousands of roles it hires for each year." Most of the new hires will be financial consultants, advisors, and customer service reps. Fidelity has about 40,000 employees in the U.S. and, as of February 29, had $8 trillion in AUA (including $3.1 trillion in discretionary assets).

Citywire picked up on the news.

"We have seen unprecedented engagement from our individual clients as well as 401(k), 403(b), defined benefit and stock plan participants, all of whom are turning to Fidelity to help them navigate this challenging environment," states Kathy Murphy, president of personal investing at Fidelity. "We are stepping up and hiring advisors and other financial professionals to continue helping them navigate their financial lives."

About 350 of the new jobs will be in the Boston area, the Boston Globe reports, including customer service jobs in Merrimack, New Hampshire and software engineer jobs in Boston (Fido's HQ) and in Smithfield, Rhode Island. Hundreds of the new hires will be at Fidelity's Covington, Kentucky campus, the Cincinnati Business Courier reports. And about 300 of the new hires will be in north Texas, the Dallas Business Journal and the Dallas Morning News report.

Printed from: MFWire.com/story.asp?s=61147

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