Fidelity's plan to hire 9,000 by Christmas springs from multiple impulses, but one is certainly a belief that new investors are here to stay.
About 6,000 Fidelity employees have left since the start of 2020, but the company has netted about 8,000 staff during that 20-month time period based on 14,000 hires.
With the latest round of hires, Fidelity will have added 22,000 new staffers since January 2020, with a growing number assigned to digital currency.
The fact that Fidelity seems to be constantly hiring and offering such strong perks can pose challenges for smaller RIAs who are going after the same talent pool, Cruz says. '
"The company is making a long-term bet on the emergence of a new kind of financial infrastructure," Tom Jessop, president of Fidelity's digital asset business, Financial advisers who rely on Fidelity for trading and custody services want to see cryptocurrency options integrated into Fidelity's existing portfolio management technology.
But it's very possible that Fidelity's surge in hiring is related to its dramatic growth, Sokolin says.
source: https://riabiz.com/a/2021/9/4/fidelity-investments-pulls-out-stops-to-leap-to-112-staff-hires-a-day-through-2021-with-hopes-7000-will-pan-out-from-9000-onboarded-in-the-face-of-labor-shortages-escalating-wages-and-call-center-attrition
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