An investment account for which the investor, helped by a stockbroker, selects an account manager and pays a fee based on a percentage of the total assets to be managed.
? Most wrap accounts contain a portfolio of investments, including stocks, bonds, and cash. Investors generally provide a risk profile but do not select the investments or give instructions to buy or sell.
¡ª Also termed wrap-fee account. See mutual-fund wrap account.
How do bilingual lawyers in China usually translate the term wrap account?
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