Wrap Fee definition
Examples of Wrap Fee in a sentence
You understand that the negotiated Wrap Fee for each Account covers brokerage commissions on transactions effected on an agency basis by Sponsor through AEIS.
In addition to the Wrap Fee, there may be underlying expenses associated with the investments held in your Account.
You acknowledge that you: (i) have received and read Ellevest’s Wrap Fee Program Brochure and Brochure Supplement and (ii) have received a copy of Ellevest’s Privacy Policy.
Client hereby acknowledges receipt of a copy of Betterment’s Wrap Fee Brochure, the Betterment Privacy Policy, and other disclosing documents provided to Client at the time this Advisory Agreement is made.
Client understands and agrees that Betterment, Betterment Securities, their affiliates, and their representatives, consultants, or other agents in connection with the performance of their respective services, shall be entitled to and may share in the Wrap Fee or revenues derived from the Program.
Client understands and agrees that Betterment may change the Wrap Fee at any time by giving 30 days’ prior written notice.
Management of an Account(s) and the assessment of the initial Wrap Fee will not begin until the Account reaches the initial investment minimum.
If an Account later falls below the ongoing maintenance minimum, we will suspend billing, deduct the monthly Wrap Fee if it has not yet been assessed, return any unused portion of the Wrap Fee paid in advance, and provide notice to add funds to the Account to return to the initial investment minimum.
Because each Advisory Account Program is a Wrap Fee Program, you do not pay separate commission charges to RJA or its affiliates when ▇▇▇▇▇▇▇ ▇▇▇▇▇, acting as broker- dealer, executes your trade orders for your Advisory Account, and because you generally would incur trading costs in addition to the Fee if trade orders were to be executed by another broker-dealer firm, you generally receive a cost advantage whenever ▇▇▇▇▇▇▇ ▇▇▇▇▇ executes transactions in your Advisory Account.
Such accounts will not be assessed a Wrap Fee, nor will you receive investment advisory services.