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Securities > Wrap Fee
The following information is about Wrap Fee.
Wrap Fee Defined
A wrap fee is an amount charged to a client of an investment advisor for several services wrapped together, such as portfolio management, asset allocation, custodial services, execution of transactions, and preparation of quarterly performance reports. The wrap fee is calculated as a percentage of net assets in the clients account rather than on transactions. Traditional wrap programs typically charge wrap fees of 1-3%.
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Off-site Wrap Fee Links, User Submitted
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Tue Mar 13
- Some SMA money managers saying goodbye' to the biz - InvestmentNews: WOW! These changes are huge....Presid io looks better everyday!
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