DH says he worked on a huge system that paid commissions......maybe not all employees? Or has it changed recently? He left about 4 years ago.
Just found this. Maybe the correct word is not commissions but if 69% of an account's rep is variable based on variable pay - hmmmm.
https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/representative-compensation.pdf
> Conflicts of Interest
While Fidelity strives to design representative compensation plans that align the interests
of our clients with those of the representative in identifying appropriate products and
services, certain representatives have financial incentives to sell Fidelity proprietary
products, including but not limited to Rollover IRAs, products managed by Strategic
Advisors, and insurance products. Certain representatives also receive differing
compensation for different product types, for example, managed account and insurance
product sales, which require more in-depth engagement with clients, provide more
compensation than products such as money market funds. Importantly, representatives
do not have a financial incentive to promote Fidelity mutual funds over non-Fidelity
mutual funds. It is also important to note that in this area of compensation, as in all
others, Fidelity considers whether representatives are providing guidance about
appropriate products and services based upon customer needs. We take this approach to
client relationships very seriously, and review representative interactions in order to help
ensure this standard.