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.
a special brokerage arrangement, in which investors place their funds and pay a comprehensive annual fee in return for investment management, including the making and implementing of decisions, as well as the administering of them.
at its most basic is an alternative form of commission arrangement between a securities firm and its client. Wrap accounts generally charge the client an annual fee based on assets in the account in lieu of a per transaction commission structure. In other words, the firm "wraps" together all the costs and charges them off as a "management fee". Firms often add further features to wrap accounts such as investment management, custodial services, and enhanced reporting.
a brokerage account that is managed with the customer paying an annual fee based on the size of the account rather than the traditional commission per transaction method
a fee based investment program
an account offered by a broker or investment dealer where the investor is charged an annual management fee for all services, usually based on the value of invested assets
a "pre-packaged" account where a limited list of securities are able to be bought and sold within the account
An investment account where a client's funds are placed with one or more money managers, and the client pays one fee to cover all administrative and management costs, rather than paying each money manager separately.
An investment consulting relationship where a client's funds are placed with one or more money managers, and all fees and commissions are wrapped into one comprehensive fee charged quarterly.
A type of fully discretionary account (in which a client has given specific written authorization to a partner, director or qualified portfolio manager of an investment dealer to select securities and execute trades for him or her). A single annual fee, based on the account's total assets, is charged instead of commissions and service charges being levied separately for each transaction. The account is then managed separately from all other wrap accounts, but is kept consistent with a model portfolio suitable to clients with similar objectives. This is also known as a wrap fee program.
An account with an all inclusive annual fee paid to the brokerage firm. The fee includes the services of a money manager and all the trading costs associated with the account.
A special type of brokerage arrangement where the investors place their funds and pays an annual fee for investment management services. All costs are "wrapped" into this one fee including all administrative fees, commission costs, management fees, etc.
An account offered by investment dealers whereby investors are charged an annual management fee based on the value of invested assets.
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.
An account in which a brokerage manages an investor's portfolio for a flat quarterly or annual fee. This fee covers all administrative, commission, and management expenses. Sometimes this also includes funds of funds.