Strategy

Fidelity In Hiring Push For New Robo-Advice Focus

Kailey Tracy 12 November 2015

Fidelity In Hiring Push For New Robo-Advice Focus

The UK arm of US-headquartered Fidelity International is looking to build its capabilities for a portfolio management service.

Fidelity’s UK business is searching for a programme manager as part of its new robo-advice focus.

In a job advert for the new programme manager – discretionary and robo-advice role, Fidelity said it was planning on building a range of solutions via a new portfolio management service to allow individuals and intermediaries to design client-specific investment portfolios. The service will cover digital and personal channels.

“This is commonly referred to in the market as ‘robo-advice,’ however we believe there is an opportunity to develop a model which creates the next generation of portfolio management services,” Fidelity said on its website.

Fidelity International, a provider of investment and retirement solutions, invests $290 billion globally on behalf of clients including banks, sovereign wealth funds, corporates, financial institutions and wealth managers. Fidelity’s UK financial services arm manages or administers £70 billion of assets.

The company joins a raft of industry players that have been looking to get in on the “robo” trend by revamping their technology offering and making strategic deals in the space. For example, Pictet, the Geneva-headquartered asset manager, recently launched a fund to invest in robotics and artificial intelligence technologies, while BlackRock acquired FutureAdvisor, a California-based digital wealth management player.

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