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 ?

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.

SEC's OCIE Announces Examination Priorities for 2017

* The portion of the wrap fee that's paid to the portfolio manager

Untangling the wrap-fee rules

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.

Berwyn Cornerstone Fund Rebrands as Chartwell Mid Cap Value Fund

More importantly, for the rising number of fee-based advisors, a SPIA purchase can shift assets from an advisor's purview, where it brings a 1 percent or 2 percent management or wrap fee into the general account of an insurance company.

SPIAs still ahead of their time

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.

A new way to sell financial planning

Also, an advisor should be able to provide an all-inclusive wrap fee to cover all services.

Getting behind in your personal finances?

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.

Chartwell Investment Partners launches small-cap growth fund

* SEC Snags Raymond James, Baird for Wrap Fee Violations

Enforcement: SEC Wins Anti-Fraud Case Against Miami; Stock 'Whiz Kid' Busted

The individual managers would charge a quarterly wrap fee, covering all administrative and management costs, based upon a percentage of the account's value.

Allocating portfolio management fees

The SEC's list also includes examinations of advisors who have never been previously examined, including new private fund advisors, wrap fee programs, quantitative trading models, and payments by advisors and funds to entities that distribute mutual funds.

FINRA's hot-button exam issues for 2014: IRA rollovers, high-risk brokers, complex products and cybersecurity are on the regulator's priority list

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.