wrap account definition

wrap account

Full service investment-brokerage account that offers one (all inclusive) fee for those who can invest more than a specified minimum sum (usually $25,000). This fee covers the charges for services of one or more money managers, account administration, trading commissions, etc., is often paid quarterly, and usually ranges from one to three percent of the invested assets.

wrap account is in the Banking, Commerce & Finance and Investing subjects.

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