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The Westlake, Texas, company 'will continue to review Fidelity,' and make Abby Johnson et al's pay a data point, but only in the event that Fidelity goes public.
The Boston giant hired hungrily at opposite poles -- client-facing service staff and technology staff to cut human labor -- the goal: 'revenue-enabling rather than cost-neutral.'
Fidelity is in sweet spot, doing it all • Orion is testing its new cornerstone tool, but it won't reveal pricing until 2026 • AUM milestones hit • Advyzon lands Schwab deal • RIA big-hitters back start-up • eMoney is plotting downmarket growth • Trump follows Robinhood's lead • Joe Lonsdale wants pardon policy changed.
Boston $16T giant is using the technology but as a building block, not in promotional headlines -- with a seeming backstory
The Boston giant was boosted by markets and an especially big, 17% gain in 'discretionary' accounts, but benefited from a large, $14.1 trillion starting position in administered assets.
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.
Tax-loss harvest gains may have some home assembly required, says Jeff DeMaso • Adrian Johnstone is now in the driving seat at Practifi • CFP Board spending just topped $150 million • and Vermont shares some Texas thinking on ESG investing.
Fidelity CEO Abby Johnson clearly trusts and values the long-time RIA overseer Michael Durbin to solve nettlesome projects like eMoney, and her perception of his highest, best use has shifted in Fidelity's inexorable digital push
Hiring 16,600 people last year just whetted the $11-trillion Boston company's appetite to make 12,000 more hires in a play to be a category killer in finance.
Edward 'Ned' Johnson III put aside his Brahmin pedigree in favor of a low-key, personable style but he also had a keen 'contrarian' instinct to step up aggression in downturns, which helps explain Fidelity's recent dazzling hiring spree
After Fidelity was rebuffed by the U.S. Securities and Exchange Commission, Fidelity Canada had more luck by turning to its own securities cop with a more abiding outlook on crypto currency as an investible asset
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
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.
The Boston and Westlake, Tex., companies are both on fire -- even showing surprising strength in the 'Robinhood' sector -- but Schwab's rollup of TD Ameritrade and USAA radically reduced a yawning gap
The 'no whining allowed' leader of the Boston giant's retail business, who oversaw $2 trillion in net new assets, was ready to exit but hung in through a year dominated by COVID-19 challenges
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