Wrap It Up: Terms and Benefits of Managed Money

·6 min read
Wrap It Up: Terms and Benefits of Managed Money

The term wrap account was created to refer to a product offering a multitude of services "wrapped" in a single fee. When the wrap business was a rather obscure niche product used primarily by institutional investors and ultra-high-net-worth individual investors, everyone involved in the wrap industry understood the terminology and the product's benefits. Here we look at these changes as well as the benefits and vehicles of wrapped services.

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