Fidelity to help advisers train employees

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.