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.
Firstly, a wrap account
is an administrative tool and is not a product.
enable advisers and clients to view, record, transact and update all of their financial affairs through one wealth management service.
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
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.