For Wrap Account we have terms and definitions in 3 topics. The topics are Accounting, Finance and Homeowners Insurance.

Wrap Account (Accounting)

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 wordsthe 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 managementcustodial servicesand enhanced reporting.

Wrap Account (Finance)

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.

Wrap Account (Homeowners Insurance)

This all-in-one account provides individual investors with a professional money manager and a brokerage firm. The fees and commissions on the account, rather than being charged individually, are deducted as a 2% to 3% annual charge based on the value of the assets in the account.

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