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.