Could someone walk me through the compensation structure for FCs at Fidelity? I know the target earning is ~300k but how much of that is base vs commissions?

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Target is no where near $300k

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Now there’s a VPFC telling it how it is! Couldn’t agree more about the dilution. They want the FC1s to dial P4s all day like a CRM, just call them FCRMs 😂

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Base is only $55-60k depending on region
The rest is bonus/commissions:
10k target bonus for client survey scores
They don’t pay much for existing clients
10bps for managed money and insurance
5bps for acquisition
4bps for mutual funds

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I’m a PC, not 100% sure but from what I’ve heard talking to my fellow fc’s pretty sure the base is only around 57k and the rest is variable comp, split up into monthly or quarterly bonuses

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