Sentences with phrase «client wrap accounts»

Assets in client wrap accounts totaled $ 257 billion, an increase of $ 5.7 billion in the quarter.

Not exact matches

Client assets in the Advice and Wealth Management business grew as more clients pumped assets into fee - based investment advisory, or wrap, accounts.

I used $ 100 to open a wholesale account with Maya Wrap and started selling slings to my friends and to doula clients.

The wrap fee is calculated as a percentage of net assets in the clients account rather than on transactions.

Wrap Program (Wrap): Program offered by an investment adviser that wraps several services together for a fee based on the size of the client's account.

That said, this is a far better deal than what advisors» clients are getting from actively managed funds or wrap accounts, where they're likely paying over 2.5 %.

The account is then managed separately from all other wrap accounts, but is kept consistent with a model portfolio suitable to clients with similar objectives.

A wrap account mutual fund is essentially a pre-packaged portfolio of mutual funds that target different styles of investing (income, growth, balanced, index) which help clients to hold and advisors to sell.

Investment dealers offer «wrap accounts» which either use pooled funds or invest client monies in a «model portfolio» approach for a single asset based fee.

Wrap accounts that invest in mutual funds usually are eligible to purchase classes of securities that are charged lower management fees to reflect that the mutual funds» manager is not paying any compensation to the client's dealer.

The term wrap account often is used to describe an arrangement between a client and the client's dealer whereby the dealer agrees to be compensated through a fixed annual fee from the client (usually calculated as a percentage of the value of the client's account) in lieu of all other forms of compensation including commissions, service (trailer) fees and other fees.

Apply knowledge and experience of working with a wide variety of banking and financial products as well as services like mutual funds and wrap and other financial accounts to build rapport with clients and promote organizations financial solutions based on customer needs.