A comprehensive fee, including all commissions, charged to manage all of a client’s investments, even if they are placed with different money managers. A wrap fee is based upon the amount of assets under management. Accounts with wrap fees typically are available only to people with at least $100,000 to invest.
wrap fee - Investment & Finance Definition
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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"wrap fee." YourDictionary, n.d. Web. 16 October 2018. <http://www.yourdictionary.com/wrap-fee>.
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wrap fee. (n.d.). Retrieved October 16th, 2018, from http://www.yourdictionary.com/wrap-fee
