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October 23, 2006 at 08:00 PM
William C. Carey, who since July 2005 has been president of Fidelity Registered Investment Advisor Group (FRIAG), is taking on a new role at Fidelity Investments Institutional Services Company (FIIS), as EVP of national accounts, effective November 1. During his tenure as FRIAG president, the business grew from $144.8 billion in assets and 2,843 affiliated advisors, as of August 31, 2005, according to Carey in a September 2005 interview with IA Editor-in-Chief Jamie Green, (see article here ) to “over $178 billion in assets on behalf of more than 3,200 advisors as of June 30, 2006,” according to the latest figures published on the Fidelity Investments Web site.
Highlights of what Fidelity called Carey’s “successful tenure” at FRIAG include “developing a market segmentation strategy, a renewed focus on measuring and improving customer satisfaction, and the recently announced partnership between SunGard and Fidelity to provide brokerage, custody and clearing services for SunGard’s 600 intermediary clients,” says Fidelity Investments spokesman Stephen Austin.
