Fidelity to help advisers train employees

Fidelity Investments today unveiled a program to help registered investments advisers hire, develop and retain employees.
MAR 12, 2009
By  Bloomberg
Fidelity Investments today unveiled a program to help registered investments advisers hire, develop and retain employees. Fidelity Advisor HR Solutions will offer consulting services and training programs for management development, team building and organizational efficiency. The program also includes a website that features planning resources and white papers. “With their assets and revenues under significant pressure, now more than ever [RIAs] need to make sure they are getting the most out of their employees,” said Ronald P. Fiske Jr., executive vice president of Fidelity Institutional Wealth Services. Fully 40% of decision makers at 436 advisory firms that had at least $25 million in assets under management reported that training staff would be a major challenge over the next two years, according to a 2007 study conducted by Fidelity. Boston-based Fidelity had assets under custody of more than $2.5 trillion, including managed assets of more than $1.2 trillion, as of Jan. 31.

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

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.