- $4 on hiring 9,000 new US employees by the end of the year.
- $4The brokerage said 9% of the new jobs will be in technology, with some working on
Fidelity 's digital asset trading experience. - Fidelity added 1.7 million new retail accounts in the most recent quarter.
$4 on hiring 9,000 new US employees by the end of the year to to meet its growing customer base amid a boom in retail investing.
The brokerage firm said Tuesday that it's hiring across all job functions to meet demand from its 38 million customers. 44% of the new jobs will be in client-facing positions, while 9% will be in technology, helping to create new products like enhancing Fidelity's digital asset trading experience, the company said.
The hiring spree comes as no-fee trading and a steady bull market entices new investors to brokerage firms including Fidelity, Robinhood, and Charles Scwhwab. Fidelity added 1.7 million new retail accounts in the second quarter, a 39% year-over-year increase. Out of those accounts, 697,000 were opened by investors 35 years or younger, representing a 65% increase from the same quarter last year.
$4 that Fidelity is adding 9,000 jobs, stating that the brokerage's total workforce is expected to grow more than 22% this year to over 60,000 employees.
"These increases come at a time when Fidelity continues to see record growth and $4 across its businesses," said the company.
At the end of the second quarter, Fidelity had $11. 1 trillion in assets under administration, representing what investors held in brokerage and retirement accounts on the firm's platforms, and in its funds.