Financial

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.
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References in periodicals archive
Separately, OCIE looks to expand its focus on protecting retail investors by conducting examinations of registered investment advisers and broker-dealers associated with "wrap fee" programs.
* The portion of the wrap fee that's paid to the portfolio manager
Chartwell provides equity and fixed-income investment strategies to institutional and private clients and clients of wrap fee programs through separate accounts, sub-advisory relationships and mutual funds.
Serving institutions and wealthy clients, Batman pioneered large-scale wrap fee programs--investment plans allowing Vest affiliates to offer a fee-based alternative to charging commissions that up until then was the primary source of revenue for the financial planning industry.
Also, an advisor should be able to provide an all-inclusive wrap fee to cover all services.
Chartwell provides equity and fixed-income investment strategies to institutional, private clients and clients of wrap fee programs through separate accounts, sub-advisory relationships and mutual funds.
The individual managers would charge a quarterly wrap fee, covering all administrative and management costs, based upon a percentage of the account's value.
Causeway Capital Managementprovides equity investment management services to institutional clients including corporations, pension plans, public retirement plans, sovereign wealth funds, superannuation funds, Taft-Hartley pension plans, endowments and foundations, mutual funds and other collective investment vehicles, charities, private trusts and funds, wrap fee programs and other institutions.
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