Definitions for wrap account
wrap account

WikipediaRate this definition:0.0 / 0 votes

1. Wrap account

   A wrap account (also known as wrap service or tax wrapper) is a means of consolidating and managing an investor's investment portfolio and financial plans. Wrap fee services are offered by many financial institutions. Often wrap services are offered for a fee or a series of charges. These charges cover all administrative and management costs. This type of service is also sometimes known as an investment platform or financial platform service.

WikidataRate this definition:0.0 / 0 votes

1. Wrap account

   A wrap account is a means of consolidating and managing an investor's investment portfolio and financial plans. Wrap fee services are offered by many financial institutions. Often wrap services are offered for a fee or a series of charges. These charges cover all administrative and management costs. This type of service is what is also known as an investment platform or financial platform service. Wrap services originated in Australia and New Zealand and then came to the UK in about 2000. As of 2010, approximately £110 billion of assets are held on wrap services in the UK. Transact was the first Wrap service to come into the UK market approximately 11 years ago. With the forthcoming RDR - Retail Distribution Review - being undertaken by the FSA in the UK more investors are likely to move their investments onto Wrap Services by the end of 2012 if they have a financial adviser. The better Wrap services or accounts usually enable investors - usually with the advice of a financial adviser - to select from an extensive range of UK and offshore funds and assets – including unit trusts, OEICS, investment trusts, equities, cash, structured products, external fund managers and other investment products. The service can then be used to allocate these assets to the most appropriate tax wrappers – including ISAs and pensions plans. Both investors and advisers can then view a holistic picture online of the complete Portfolio – all in one place, from anywhere in the world – 24/7.

How to pronounce wrap account?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say wrap account in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of wrap account in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of wrap account in Pythagorean Numerology is: 9

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Wrap_Account
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=wrap account