Fidelity Investments announced its plan to make 9,000 new hires as the company sees record growth. The hiring push is Fidelity's third in less than a year, reflecting a boom in individual investing that has impacted the entire investment industry.
According to a company statement, the new employees will be focused on client interactions and technology. The new hires will also assist with Fidelity's new products, including Fidelity's Youth Account.
The Youth Account provides investing and savings accounts, as well as debit cards, to 13 to 17 years of whose parents are clients of Fidelity. Teenagers who sign up for the Youth Account can invest in U.S.-listed stocks, Fidelity mutual funds, and most exchange-traded funds, with no account fees or commissions.
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