Wrap Fee

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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 ?
Unfortunately, too many organizations have no idea there can be as many as 17 different fees from administrative and transactional to revenue sharing, surrender and wrap fees at 2-12% par fee simply devouring their employees' retirement funds.
And, their employees don't necessarily have the time or expertise to figure out mutual fund management fees, 12b-1 fees, wrap fees, sales loads, or other fees.
The expenses most people don't know about fall under five categories: asset charges, wrap fees, mortality expenses, fund expenses and investment management fees.
Require plan-provider responsibility for an appropriate mix of funds and elimination of expensive insurance wrap fees and required proprietary investment funds.
Frequently, plans sold through insurance companies include annuity wrap fees with back-end charges such as contingent deferred sales charges or market value adjustments imposed when the underlying investments are changed.
Pricing analysis includes asset-based fees (fund expense ratio, wrap fees and other) and billable service fees.
This program enables the securitization of two to four years of wrap fees in exchange for up-front payments to brokers.
The Online 401(k) does not contain any hidden or additional wrap fees, and features a greater selection of funds than many other plans available today.
managed wrap fees accounts division, where he maintained equity,