The schedule of bundled rates that are charged to an investor are known as a wrap fees. A brokerage or other type of financial service will provide the investor with a blanket charge for all services that are included in the individual investment program, instead of charging a separate fee for each service that is extended to the client. Essentially, the charges are kept simple by a wrap fee for both the investor and the service provider.
A series of investment programs
The exact amount of the wrap fee will depend on the range of services that are included in the structure of the individual service package. Some financial institutions will offer a series of investment programs that a client may choose to engage. These financial institutions might be banks, research firms, investment advisory services, and financial management programs.
