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Wrap account
(redirected from Investment platform)

   Also found in: Wikipedia 0.01 sec.
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
A special investment account in which all of the account's assets are entrusted to a professional money manager. All expenses relating to the account, including professional advice and commissions, are wrapped into a single annual fee that generally ranges from 1 to 3% of the total market value of assets in the account. Wrap accounts are designed for individual investors who choose to have a professional money manager handle a part or all of their investments. These accounts usually require minimum initial investments of at least $25,000.

Wrap account. A 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 a personalized portfolio of stocks, bonds, mutual funds, and other investments, and a brokerage firm, which takes care of the trading and recordkeeping on the account.



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He previously served as executive vice president at The Gale Company, where he was in charge of the firm's investment platform, strategic growth and organizational structure.
DENVER -- KSL Capital Partners (KSL), a leading private equity firm, today announced that it is creating a European investment platform based in London to be known as KSL Capital Partners International, LLP, and has hired Adrian Constant to lead this platform.
In addition to building the foundation for our funds management business, Joe's depth of experience after 10 years at TIAA-CREF will enhance Gramercy's coverage and presence in the secondary market, strengthen our fixed-rate mortgage origination and trading effort, and establish an investment platform that we expect will provide steady returns for our shareholders.
 
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