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Fidelity Investments surges past $15 trillion, on its way to $16 trillion, after its CEO made one big, contrarian bet and two smaller plays that have the giant hopping

The Boston company grew $800 billion per quarter on average through nine months, and just keeps hiring to 'deepen relationships,' with crypto and digital engagement giving it an edge.

Author Oisin Breen November 9, 2024 at 1:41 AM
2 Comments
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Abby Johnson: The financial industry continues to reward efficiency.
Brooke Southall and Keith Girard contributed to the editing of this article.

RIA Custodians


Shannon

Shannon

November 10, 2024 — 2:21 PM
Growing up in MA @Fidelity logo presence registered regularly in daily life -- congratulations 👏 Relationships are 🗝️ key -- it always takes at least two people in the marketplace to make a deal. Oisin, nice article -- I saw Wilbur on your X but not Breen. Cheers.
Janice Shea

Janice Shea

November 11, 2024 — 1:21 AM
What about the layoffs Fidelity had earlier this year? Why are thousands of foreign nationals sponsored by Fidelity paid less than the prevailing wage for many occupations?

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March 25, 2023 at 1:32 AM

Fidelity Investments pulls out stops on perks to raise headcount by 7,000 -- by hiring 9,000 -- to shrug off labor shortages, escalating wages and call center attrition

The 53,000-employee Boston firm is offering Google-type benefits and Merrill Lynch-style training--no financial experience necessary-- to reach 60,000 staffers by Christmas to meet crushing demand for service and still advance mega-projects like crypto and youth accounts

September 4, 2021 at 12:57 AM

Fidelity Investments is paying 2,000 employees to hasten their corporate exits, including high-profile RIA overseer, Sanjiv Mirchandani, as part of its shift to a digital future

The Boston giant offered voluntary buyout packages and the 4% of staff who accepted will leave by June 30 to give other staff room to grow careers and make room for hires.

June 24, 2021 at 5:39 PM

A last lion of the Ned Johnson era, Gerry McGraw, vacates the Fidelity CFO spot for Maggie Serravalli, and makes evident Abby Johnson's 'phenomenal' women strategy

McGraw was credited with steely leadership during the 2008-2009 financial crisis but also bridged the management revamp toward a big bet on what women can do better in the next decade.

June 12, 2020 at 3:52 AM

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