The new staffers will also help with new products, such as Fidelity’s Youth Account. The new type of brokerage account targets the 13 to 17 year old children of clients. They can make no-fee trades. It provides investing accounts, saving accounts and debit cards to the youngsters.
The latest hiring push is the third for the firm in less than a year and reflects the growing popularity of individual investing, especially among younger investors during the COVID-19 pandemic.
Fidelity CEO Abigail Johnson said the firm’s “financial strength and stability allow us to make significant investments in our businesses and create value for the people we are privileged to serve.”