Fidelity Investments has stepped up its revenue sharing disclosure in fund documents, starting with its Magellan fund. In a SEC filing, the firm's officials disclose that its distribution unit pays for play, and that pay depends on "the level or type of services provided by the intermediary, the level or expected level of assets or sales of shares, the placing of the funds on a preferred or recommended fund list, access to an intermediary's personnel, and other factors."

No surprise, there.

While officials did not give specific amounts in the filing (a la Edward Jones), they did state that the firm anticipates making payments to "hundreds of intermediaries ... including some of the largest broker-dealers."

Fidelity will include the modified wording in 300 of its prospectuses, a spokesperson told the Wall Street Journal. 

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