Fidelity Investments plans to hire about 4,000 new workers over the next six months, including adding 1,000 licensed representatives to its retail offices around the country and increasing the size of its technology workforce by 10%.
The licensed representatives will be hired to work remotely in 20 geographic areas across the U.S.
While it didn't disclose how many technology workers it planned to add, Fidelity said the new hires will be based in Durham, North Carolina; Merrimack, New Hampshire; Smithfield, Rhode Island; and Westlake, Texas; as well as in Boston.
Fidelity will also add 2,500 client-facing associates in existing locations. The company said that last year, it increased the number of client-facing associates by 77%.
Fidelity said it expects more than half of the roughly 4,000 positions to be filled by midyear.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave