Meaning Wrap account
What does Wrap account mean? Here you find 11 meanings of the word Wrap account. You can also add a definition of Wrap account yourself
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Wrap accountAn investment relationship where clients invest in one or more money managers and the administrative and management fees and commissions are "wrapped" into one fee, usually paid quarterly. T [..]
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Wrap accountA wrap account is a professionally managed investment plan in which all expenses, including brokerage commissions, management fees, and administrative costs, are wrapped into a single annual charge, usually amounting to 2% to 3% of the value of the assets in the account.Wrap accounts combine the services of a professional money manager, who chooses [..]
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Wrap accountA wrap account is an investment account where a "wrapped" fee or fees cover all of the management, brokerage and administrative expenses for the account. The fee or fees are generally based on the...
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Wrap accountDefinition 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 i [..]
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Wrap accountAllows managed investments to be combined or ‘wrapped’ into a single account. Generally used by financial planners for convenience. See also investment platform and master trust.
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Wrap accountWrap Account at its most basic is an alternative form of commission arrangement between a securities firm and its client. It is an account in which a brokerage manages an investor's portfolio for [..]
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Wrap accountAllows managed investments to be combined or ‘wrapped’ into a single account. Generally used by financial planners for convenience. See also investment platform and master trust.
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Wrap accountAn account in which a broker or fund manager executes investment decisions on behalf of a client in exchange for a single quarterly or annual fee, usually based on the total assets in the account rath [..]
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Wrap accountAn account offered by investment dealers whereby investors are charged an annual management fee based on the value of invested assets.
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Wrap accountA type of fully discretionary account (in which a client has given specific written authorization to a partner, director or qualified portfolio manager of an investment dealer to select securities and [..]
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Wrap accountAn 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.
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