Fidelity to hire 9,000 workers across the US

Fidelity Investments plans to hire 9,000 new employees across the U.S. by year-end as the company sees record growth amid a surge in stock trading.

The hiring push is the fund manager’s third in less than a year, reflecting a boom in individual investing that has lifted the entire trading industry. The majority of the new positions at Fidelity will be focused on client interactions and technology, the company said in a statement. 

Combined with its plans from April to add about 4,000 workers within six months, Fidelity is on track to add roughly twice as many people in 2021 as it did last year.

Retail trading took off during the Covid-19 pandemic, especially among younger investors who were cooped up in March 2020 just as markets swung wildly. The surge in meme stocks like GameStop Corp. in late January only further captivated traders looking to get rich quick.