Wrap account

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Related to Wrap account: Wrap fee

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 brokerage account where the brokerage agrees to conduct transactions for the client for a flat fee, usually assessed on a quarterly or yearly basis. This differs from most brokerage accounts where transactions occur in exchange for a commission on the size of the transaction. A wrap account exists to protect the client from overtrading, which is the (illegal but sometimes hard to detect) practice of a broker making transactions to extract commissions rather than to benefit the client. Because this can result in less profit for the brokerage, a wrap account often requires a minimum investment of anywhere from $50,000 to $100,000.

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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began offering the wrap account service on May 1 by teaming up with Mizuho Bank, an arm of Mizuho Financial Group Inc.
For a free guide explaining Wrap Accounts call 0800 544 644.
A recent report on such accounts by Cerulli Associates, a Boston investment consulting firm, says that mutual fund Wrap account assets make up 11% of total Wrap assets under management, with $12.
In the typical wrap account program, every aspect of investing--from trade execution to account management--is handled by a single manager for one all-inclusive fee.
In the United States, assets held in wrap accounts, more popularly called SMAs, stand above $500 billion, according to Nikko Cordial Securities Inc.
The Active Diversified Alternatives Portfolios series and Active Diversified Funds series are discretionary mutual fund wrap accounts which are part of Active Portfolios investments, a family of professionally managed solutions that provide sophisticated investment alternatives for accumulation or income needs.
to be added to their 'Japan Bond Select' platform, a part of their wrap account product 'Daiwa Fund Wrap'.
This mutual fund wrap account is diversified across up to four asset classes, eight funds, nineteen styles, and up to forty-eight specialist money managers.
Strong advisor productivity increases drove 14 percent growth in total Gross Dealer Concession (GDC) from the year-ago period, primarily driven by a 31 percent increase in wrap account balances.
He focuses his practice in the representation of investment companies and their boards of directors, investment advisers, and broker-dealers in connection with the organization and operation of investment products and services, including mutual funds, closed-end investment companies, business development companies, registered hedge funds, wrap accounts, and 401(k) and IRA products.