Charles Schwab says it’s hiring for around 450 roles in Austin, Texas, across the company and the recently acquired TD Ameritrade divisions, according to news reports.

The new roles include client service and support as well as software development and engineering, the Austin American-Statesman writes.

"We expect our teams in Austin to play a key role as we work to live up to Schwab's 'no trade-offs' approach to serving our clients," Dennis Howard, Schwab chief information officer, said in a statement cited by the publication. "Austin's reputation as a hub for tech talent is well deserved, and, at their foundation, our open technology roles here are grounded in developing the digital experience and tools that help our clients achieve their goals."

Schwab has been on a hiring spree in light of a major boost to its client base: the company ended June with $7.57 trillion in client assets, which was up 84% year-over-year, as reported. It also added 4.8 million new brokerage accounts in the first six months of 2021, marking the firm’s second and third consecutive quarters in excess of a million new accounts, the company has said.

Schwab also announced in June that it had plans to hire for more than 1,000 new roles in North Texas. Those roles include financial consulting, client service and technology jobs.

The announcement followed Schwab moving its headquarters from San Francisco to Westlake, Texas as part of its acquisition of TD Ameritrade.

In October 2020, however, after that deal was completed, Schwab announced that it would lay off around 1,000 people to reduce “overlapping or redundant roles across the two firms.”

Last month, meanwhile, Schwab announced that it would give its staff a 5% pay increase as a reward for working through the pandemic, as reported.

Schwab isn't the only firm on a hiring spree.

Fidelity Investments says it plans to add 9,000 new jobs across the U.S. to support its growing customer base. Fidelity expects to have a total of 16,016 new hires by the end of this year, up from 7,058 new hires last year. The new hires will be primarily for client-facing positions — which will make up 44% of the 9,000 jobs — licensed financial planners and technology roles, which will help create new products, according to Fidelity.

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