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Fidelity Investments Photos
- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
I have been working at Fidelity Investments (More than a year)RecommendsPositive OutlookApproves of CEORecommendsPositive OutlookApproves of CEO
1) 10% year end profit sharing (added to 401K account) and 7% 401k match
2) Stability of company
3) "Always learning" mentality, constant weekly coaching meeting to ensure we are on top of the market
4) Good pay if you can perform well (only speaking for branch positions ie VP Financial Consultant / Financial Consultant)
5) If you are new to the field the Fidelity call centers is the perfect place to start. Fidelity will license you, train you, and help you find the right department/branch to work in. Fidelity is big in promoting internal candidates.
1) Increased stress. Due to Fidelity's business model to constantly bring in new business we are focused on bringing in new business all the time. I never take full lunch breaks and leaving at 5 PM makes me feel guilty.
2) Hampster wheel. There is no means to the end. Managing a $1B book ensures you may get $50 - $60k a year in "residuals/trails" at Fidelity while at a wirehouse a $1B book may generate $1MM + in residuals/trails
3) Long hours. If you are looking for an 8-5 job, working at the branch sales level isn't for you. Work/life balance is tough.
Advice to Management
Focus on paying those who do a great job in retaining business. Its unreal to think each advisor will bring in $50+MM a year in net new assets.