wrap account

(redirected from Wrap Accounts)
Also found in: Financial.
Related to Wrap Accounts: Wrap fee

wrap′ account`


n.
a personally managed investment account where charges are levied on the basis of the account's total assets.
[1985–90]
References in periodicals archive ?
The program features a diverse set of investment solutions--including separately managed accounts, unified managed accounts, mutual fund wrap accounts and third-party strategists--as well as a faster onboarding process, among other enhanced functionality.
"Besides a share class which pays all sales commissions up front, nontraded REIT investors can also select share classes with upfront sales commissions as low at 2.5% to 3% with a trailing shareholder servicing fee paid to the advisor, or share classes with no upfront sales commissions when held in wrap accounts," he said.
CCP has a much thinner cylinder than steel pipe, as the bar wrap accounts for much of the total steel area required in the hoop direction.
It's estimated that blue wrap accounts for as much as 19 percent of the waste produced by surgical services at hospitals.
Examples of non-annuity producers are fee-based advisors who offer advice and services for mutual fund wrap accounts, separate managed accounts, and fee-based platforms with broker-dealers.
The average allocation for new clients, the survey notes, is 29% for VAs, 14% mutual funds, 14% IRAs, 8% life insurance, 6% unified managed accounts/mutual fund wrap accounts and 29% "other."
Legent provides access to investment products and services including equities, mutual funds, foreign securities, fixed income investments, prime brokerage, options, annuities, DVP/RVP and WRAP accounts through a variety of online tools and platforms.
He said: "Wrap accounts allow you to invest in thousands of funds as well as tax efficient products such as ISAs and onshore and offshore bonds as well as pensions.
Legent provides access to investment products such as equities, mutual funds, foreign securities, fixed income investments, prime brokerage, options, annuities, DVP/RVP and WRAP accounts through a variety of online tools and platforms.
The use of platforms, or wrap accounts as they are increasingly becoming known, allow the adviser to design a custom built holistic plan to suit the client without recourse to pre-packaged investment products.
Before amendment After amendment * Wrap account commissions for * Commissions to be determined discretionary and non- between securities company discretionary investment advisory and investor services by securities companies based on total assets managed * Securities companies barred * Securities companies allowed to from charging brokerage charge brokerage commissions for commissions for securities securities trading for wrap trading for wrap accounts accounts Consolidation of securities and capital market laws
For a free guide explaining Wrap Accounts call 0800 544 644.