Wrap Fee


Also found in: Dictionary.

Wrap Fee

A fee a money manager charges a client for all services the money manager offers. The wrap fee covers investment advice, portfolio management brokerage services and anything else to which the manager and client agree. The wrap fee is usually calculated as a percentage of the assets under management. Paying a set fee for all services rather than individual fees repeatedly can help streamline the management process for all involved.
References in periodicals archive ?
The portion of the wrap fee that's paid to the portfolio manager
The proposed Notice and Access fees, which include charges for wrap fee accounts result in an average increase of 0.
The Firm maintains its own proprietary Wrap Fee Program (PPWM) with a current roster of 42 institutional quality, separately managed account (SMA) firms representing more than 50 investment styles.
Class Z shares are only available to participants in wrap fee programs and group retirement plans, and to various institutional investors who invest at least $10 million.
The STA and SSA are calling for the SEC to issue an interpretive release with guidance, clarifying that broker-dealers and their agents are prohibited from charging issuers for proxy processing, suppression, voting, and other fees for wrap fee accounts and separately managed accounts, at the beneficial owner level.
The M shares were designed for asset allocation, wrap fee and other similar fee-based advisory programs sponsored by financial intermediaries, such as brokerage firms, investment advisers, financial planners and third-party administrators.
Causeway Capital Management LLC provides investment management services to institutional clients including corporations, pension plans, public retirement plans, Taft-Hartley pension plans, endowments and foundations, mutual funds, charities, private trusts and funds, wrap fee programs and other institutions.
Z shares are only available to participants in wrap fee programs and retirement plans, and to various institutional investors who invest at least $10 million.
Established in 2001, Los Angeles-based Causeway Capital Management LLC provides investment management services to corporations, pension plans, public retirement plans, Taft-Hartley pension plans, endowments and foundations, mutual funds, charities, private trusts, wrap fee programs, and other institutions.
Ranking includes only those retail SMA assets that were acquired from Citigroup Asset Management in December 2005, which include retail wrap fee programs, private bank and retail third party SMA assets.
There he was responsible for trading and managing various investment products, including mutual funds, institutional funds (including public, Taft-Hartley and private pension funds and retail wrap fee assets) totaling $5 billion.
Investors can take advantage of Clear AM's investment strategies by investing in one or more of the firm's seven stock market portfolios for a sliding scale wrap fee based on asset size or by purchasing its equity research recommendations by subscribing to its newsletters, thereby gaining access to email trade alerts, model portfolios, research notes and weekly portfolio reviews.