Capital Group plans $70 million hiring spree

Asset management giant Capital Group is set to significantly expand its workforce, planning to invest up to $70 million annually in hiring over 100 new employees. This strategic move includes bolstering its client centers on both the East and West Coasts. The initiative aims to strengthen the firm's relationships with financial advisors, indicating a focus on enhancing service and support for its intermediary channels. This substantial investment underscores Capital Group's commitment to growth and deepening its presence within the financial advisory community.