Wrap account

Wrap Account Most investors will require a money manager to handle various aspects of this industry and then a brokerage is able to locate a money manager for the investor in exchange for a fee, the account becomes a wrap account.

Wrap Account
An investment account in which the investor receives brokerage and other investment services for a single, predetermined price -- usually a percentage of assets ranging from 1 percent to 3 percent.

Wrap accounts require written authorization from the investor in order to become functional. Generally, the terms of a wrap account will provide coverage for all the standard and usual tasks that are necessary to handle the investment portfolio.

In a wrap account, you will first pay an annual fee in order to use the brokerage wrap. This amount can vary from broker to broker, so you should make sure that you check to see which annual percentage will apply to you.

Wrap account
An investment plan that wraps together money management and brokerage services. Wrap plans are popular for their simplicity.

Wrap Account
An account in which a brokerage manages an investor's portfolio for a flat quarterly or annual fee. This fee covers all administrative, commission, and management expenses. Sometimes this also includes funds of funds.
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Wrap account
An investment consulting relationship for management of a client's funds by one or more money managers, that bills all fees and commissions in one comprehensive fee charged quarterly.

Wrap account: An account offered by investment dealers whereby investors are charged an annual management fee based on the value of invested assets.

Wrap Account - A variety of financial services typically including investment advice, brokerage, and custody provided by a financial services firm to its customers for a fixed fee. The services are combined together, or "wrapped."
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Wrap account An investment account in which the client pays a single fee to have a money manager make investment decisions. All costs are "wrapped" into the fee, which is usually charged as a percentage of assets in the account.

Wrap Account (finance term)
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A client may set guidelines for the account, such as the types of securities the broker may purchase. However, the broker can buy and sell shares at his or her discretion. Managed accounts -- also called separate accounts and wrap accounts -- are ...

wrap account Account in which a brokerage helps an investor find a money manager in exchange... wrap fee A charge for an investment program that bundles together a suite of services,...

See also: Broker, Investment, Brokerage, Manager, Sell