Fidelity Investments' discretionary assets under management remained flat at $4.2 trillion as of Sept. 30 from three months earlier, but were up 22.1% from a year earlier.
The firm's assets under administration also remained unchanged for the third quarter at $11.1 trillion as of Sept. 30 but increased 26.1% year-over-year, Fidelity said in a financial report released Monday.
Fidelity had 30.9 million retail accounts as of Sept. 30, representing growth of 1.9% in the third quarter and up 22.9% from a year earlier, according to data provided to Pensions & Investments. The firm said 1.3 million of those accounts were new.
Workplace plan participants totaled 34.3 million as of Sept. 30, an increase of 1.2% from the prior quarter and up 5.9% from Sept. 30, 2020.
Fidelity said in the report that it will be recruiting 9,000 new employees in client-facing and technology roles, noting that the firm has already increased its head count by 180% in its digital assets unit.
"We know that the next generation of investors want tools that are easy to use and reflect the digital experience, so we have teams dedicated to creating more intuitive digital experiences across all our platforms," said Chairwoman and CEO Abigail P. Johnson, in the report.
