UPDATE 1-Fidelity hires ex Schwab exec

NEW YORK, Nov 25 (Reuters) - Fidelity Investments, said on Tuesday it named Charles Goldman, a former Charles Schwab Corp (SCHW.O) executive, as head of the mutual fund company's unit that provides services to independent financial advisers.

Goldman, 47, will join the Boston-based firm in January and will report to Michael Clark, president of Fidelity's Institutional Products Group.

Goldman's responsibility is to run the company's broker-dealer clearing business and its registered investment adviser division, known as institutional wealth services.

He will also oversee the selling of clearing and custody services to family wealth management offices and brokers who are also registered as independent advisers and sell both commission- and fee-based products.

Fidelity trails Schwab's market share in the independent advisers custody business and this hire aims to close the gap.

Through October 1, Schwab's adviser business added $48.5 billion of net new assets, compared with $27 billion for its discount brokerage unit and $16.2 billion for its retirement unit. (Reporting by Robert Margolis; Editing by Steve Orlofsky)