wrap fee

wrap fee definition - finance
A comprehensive fee, including all commissions, charged to manage all of a clientÂ’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.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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