A 12-year Fidelity veteran with a background in
retirement planning has been named president of Fidelity Registered
Investment Advisor group.
William C. Carey, 44, was previously president of Fidelity Institutional Retirement Services Company, the nation's largest provider of 401(k) plans, according to Fidelity.
The company's RIA unit, which since January has been headed by an interim president, Jim MacGilvray, provides custody and brokerage services to about 2,750 advisors with more than $133 billion in assets under management.
Carey will report to Ellyn A. McColgan, president of Fidelity Brokerage Company.
"Our RIA business is an important focus and Bill's appointment underscores our commitment to its expansion in the marketplace," McColgan says. "Bill's broad institutional sales and marketing experience, combined with his leadership and passion for client service, make him the right executive to further the momentum we have established in recent years."
From January 2000 to April 2003, Carey was executive vice president responsible for Fidelity's 401(k) business focused on small companies. Prior to Fidelity, he held senior sales management positions in the retirement and employee benefits group of Aetna. He earned a bachelor of arts in economics from Bates College in Lewiston, Me.