Series 14: 8.5.2.4. Wrap Accounts

8.5.2.4. Wrap Accounts

A wrap account refers to an arrangement where one fee is charged by a broker-dealer for all its services. These services might include the costs of trading, portfolio management, investment advice, asset allocation, and custody of assets.

Wrap accounts tend to be better for customers who trade frequently. Customers who seldom trade, or w