Wise Information for Higher Ed Employees



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Investment Tips & Tools: How Advisors Get Compensated

There are a variety of ways that financial representatives are compensated. Below is general information on the most common methods of compensation.


Based on a percentage the advisor receives when selling a particular investment product to a client. An advisor should disclose any arrangement with a brokerage firm when recommending a product that would generate a commission.

Fees + Commission 

When an advisor charges a fee for services rendered and then also collects a commission from the client’s purchase of a recommended investment product.

Fee Only 

Based on an hourly rate or percentage of assets under management.


A flat rate paid to the advisor, typically regardless of products purchased or assets under management.

Higher Ed Stories

403(b) or 457(b)?

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Inga Chira is a professor and a CFP®. Here is her perspective on the 403(b) vs. 457(b) question.