Fidelity Mock Interview
Practice 35 Fidelity interview questions covering finance, client service, and regulatory knowledge.
Question 23 of 35
What do you believe is the biggest challenge facing the wealth management industry today?
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Rachelle Enns is an interview coach and job search expert. She works with candidates to perform their best in employment, medical, and post-secondary admission interviews.
The interviewer at Fidelity wants to see that you're an experienced wealth management professional and can provide critical analysis of current hot topics and challenges. But, your interviewer is also curious to know whether you've explored Fidelity's insights on their blog or their sources and whether your insights align with theirs.
One topic they cover on their website in a few locations is student debt; "A foundation of firsts. We bring new thinking to the modern workplace, with a Student Debt Employer Contribution benefit that helps employees tackle their biggest financial stressor, student debt, exploring the impact of student debt on underrepresented communities, and how student debt repayment benefits can help support Diversity, Equity, and Inclusion and boost employees' financial wellness."
Rachelle Enns is an interview coach and job search expert. She works with candidates to perform their best in employment, medical, and post-secondary admission interviews.
"I believe that one of the biggest challenges that the finance and wealth management industries face today is cybercrime in the form of data breaches and fraud. I recently read that financial cybercrime has increased by almost 500% over the last two years, causing a lot of mistrust between customers and their financial service firms. To combat this, I always send a copy of our data security action plan and agreement to my customers, ensuring they understand what my firm and I do to keep their information safe and secure."
Rachelle Enns is an interview coach and job search expert. She works with candidates to perform their best in employment, medical, and post-secondary admission interviews.
"From my experience in the industry, I've observed that FinTech companies will become even bigger and fiercer competitors to traditional financial and wealth management firms. I believe it's important that we begin to look at partnering with these tech-savvy startups rather than completely opposing them. This goes along with a common challenge that wealth managers have faced in the 21st century with the advent of robo-advisors. I believe wealth managers need to up their services to continue competing with robo-advisors, giving clients more options for digital management while meeting the needs of clients who prefer brick-and-mortar financial advising."
Kevin Downey has an extensive background in business management, recruiting, branding and marketing. He's volunteered his career coaching services at job fairs, lecturing on interview techniques and crafting winning resumes and cover letters.
Whether you're a seasoned financial planning professional, a fresh-faced college graduate, or somewhere in the middle, it's essential that you know the challenging side of the trade before joining. Share what you believe to be a significant challenge in the wealth management industry today and why. Bonus points if you have a plan prepared for overcoming these challenges!
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Jaymie
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