Congratulations go out this week to Fidelity Investments, celebrating 10 years of operations in the Research Triangle region!
Fidelity is a leading financial services firm with over $3.5 trillion of total assets under their administration. The company provides investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products to more than 20 million individuals and institutions. Founded in 1946, Fidelity is the nations’ largest provider of 401(k) savings plans. Their nationwide employment is 40,000, with over 2,000 employees in our region.
The company first established a local presence in 2002, when IBM signed an agreement with Fidelity to outsource their human resources services. The 10 years following have brought steady growth. Over time they began leasing space within the Research Triangle Park, while looking into land opportunities for building a major RTP campus. In 2011, Fidelity purchased the 676,000 sq ft Network Center campus, a cluster of 4 buildings formerly belonging to Nortel Networks. This presented an outstanding opportunity to repurpose and revitalize an underutilized property with a prominent RTP location.
Over the past year Fidelity has been hard at work upfitting the Network Center property and gradually expanding to fill the space. In their brief history as an RTP company, they have already become one of our top 10 largest employers. Eventually they will consolidate all of their Triangle region employment at this location, with room to grow. Fidelity also has a parking garage under construction onsite that will hold over 2,000 vehicles!
The arrival of Fidelity in RTP demonstrated a growing presence of financial services operations, allowing the Park to broaden its industry portfolio. At their RTP campus, Fidelity Investments sustains its competitive edge in the industry through continuous research, rapid adoption, and effective deployment of leading-edge technologies. They offer a training and development program for recent IT graduates, while also offering job opportunities in customer service, accounting, business consulting and more.
Click here to see a video highlighting the history of innovation at Fidelity. Some of their recent success stories include a new online trading platform and cutting-edge mobile brokerage apps. A timeline of innovations is also available here. Read more »