Fidelity Investments, the nation’s largest recordkeeper, today announced the creation of 9,000 new jobs across the United States.
According to the investment behemoth, the jobs, in combination with the thousands announced earlier this year, will increase hiring twofold by year-end compared to 2020, which saw an increase of 7,200 jobs and fivefold compared to 2017.
These increases come at a time when Fidelity continues to see what it says is record growth and business results across its businesses.
“Fidelity continues to achieve strong growth and results for our 38 million customers because of the hard work and commitment of our associates,” Abigail Johnson, Chairman and CEO of Fidelity, said in a statement. “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.”
Fidelity’s hiring is across all job functions, particularly client-facing positions (44%) and technology (9%), helping to create new products, like digital asset capabilities and enhancing the digital asset trading experience.
Hybrid work strategy
Fidelity is planning for a hybrid work strategy that combines in-person and remote working where associates work flexibly based on personal and professional needs. This dynamic working style may vary for associates based on their role, the type of work they do, and their team needs.
“We are always actively listening and collecting feedback from our people, and we continue to test and learn,” Ackerman added. “We’re especially focused on those populations who have been most impacted by the pandemic. We hear loud and clear about the benefits that come with remote work and the benefits of in-person work. Our flexible approach to work will give our associates the best of both.”
Fidelity, a 2021 LinkedIn Top Company, continues to test and innovate with new associate benefits, such as work-from-home allowances, enhanced matching gifts programs, and a new working caregiver pilot designed to help associates find reliable and affordable childcare for the days and weeks they need it. Fidelity continues to also offer expedited hiring, onboarding, and training processes as well as new entry-level programs, all of which prioritize the safety of candidates and associates.
Fidelity has $11 trillion in assets under management.
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
