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Fidelity plans to add 500 jobs in Rhode Island

May 4, 2021 GMT

SMITHFIELD, R.I. (AP) — Fidelity Investments plans to hire 500 people for its Smithfield, Rhode Island facility, company officials and state leaders announced.

The jobs, most of which are entry level and customer facing, will be added over the next few quarters. Being a licensed financial professional is not a prerequisite for many of the positions. The company already has about 3,200 workers in Rhode Island, although many continue to work remotely because of the pandemic.

“There’s some great talent in the state, and we’re looking forward to tapping into it,” Rick Metters, vice president of public affairs at Boston-based Fidelity Investments, said at a news conference Monday.

Gov. Daniel McKee, who also attended the news conference, said the news is evidence that the state’s economy is recovering from the pandemic.

“We always hear, ’Where are our kids going to work?” McKee said. “We want them to stay here in Rhode Island. What a great opportunity here.”

The hiring is driven by a rise in personal investing, the company said. The company has added 8.6 million new accounts in the last year.