MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, September 1, 2021 A $4.1T-AUM Titan Is Hiring Thousands, But ... A $4.1-trillion-AUM, $11-trillion-AUA (as of June 30) mutual fund titan that's also a giant retirement plan provider, discount brokerage, RIA custodian, and fund supermarket (hence all that AUA) is hiring for thousands of new jobs by year-end.
"The majority [of the new jobs] are not investment roles," Kate Taylor, a Fidelity spokesperson, tells MFWire. "We continue to hire investment roles consistently but this particular spike in hires is more specific to our client-facing, technology and business support functions like operations & client services, product management & marketing, human resources, compliance, etc." Per the Fidelity team, 44 percent of the 9,000 new jobs will be "client-facing positions," while nine percent will be technology positions. The new positions include a number of new roles in Fidelity's workplace investing division (i.e. its 401(k) business). Our sister publication, 401kWire, has more details. Fidelity currently has more than 47,000 people on staff, so the 9,000 new roles amount to a 19-percent expansion. "Fidelity continues to achieve strong growth and results for our 38 million customers because of the hard work and commitment of our associates," Johnson states. "Our financial strength and stability allow us to make significant investments in our businesses and create value for the people we are privileged to serve." Printed from: MFWire.com/story.asp?s=63336 Copyright 2021, InvestmentWires, Inc. All Rights Reserved |
