Definitions for "Wrap Account"
A variety of financial services typically including investment advice, brokerage, and custody provided by a financial services firm to its customers for a fixed fee. The services are combined together, or "wrapped."
A type of brokerage account where all costs are wrapped in one fee.
Account in which a brokerage helps an investor find a money manager in exchange for a flat quarterly or annual fee, which covers all administrative and management expenses. sometimes also includes funds of funds.