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Glossary > W > "Wrap Account" Definition

Wrap Account

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.

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Wrap Account - 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.

Wrap Account : 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.