Account in which a brokerage helps an investor find a money manager in exchange for a flat quarterly or annual fee, which covers all administrative and management expenses. sometimes also includes funds of funds.
Related information about wrap account:
- Wrap Account Definition | Investopedia
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 ...
- What is a wrap account and what are the advantages of using one?
Aug 22, 2007 ... Wrap accounts, in which brokerage account costs are "wrapped" into a single or fixed fee, are great if you don't have time to invest on your own ...
- Wrap account - Wikipedia, the free encyclopedia
A wrap account (or wrap service) is a means of consolidating and managing an investor's investment portfolio and financial plans. Wrap fee services are offered ...
- Wrap Account Ripoff - Forbes.com
Mar 25, 2010 ... Fee-based brokerage accounts are supposed to be a financial boon to investors. A financial boon to brokers is more like it.
- Wrap Account - Financial Dictionary - The Free Dictionary
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 ...
- What is wrap account? definition and meaning
Definition of wrap account: Full service investment-brokerage account that offers one (all inclusive) fee for those who can invest more than a specified minimum ...
- Wrap Account
Wrap Account - Definition for Wrap Account from Morningstar - An investment relationship where clients invest in one or more money managers and the ...
- What is a wrap investment? - BT
An investment wrap account brings your investments under the one roof - even if they come from different providers. Instead of holding separate accounts with ...