Wrap Account definition

Wrap Account means an account whereby a Customer consolidates his investments (including but not limited to Funds) to which the Customer’s Financial Adviser’s representative provides regular investment advice and charges a recurrent wrap fee based on the aggregate value of investments in the said account and upfront fee arising from the Transactions in the account; and
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Wrap Account means any account in which the funds of third parties are managed in exchange for a flat, periodic fee.
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Wrap Account means an account whereby a Customer consolidates his investments (including but not limited to Funds) to which the Customer’s financial adviser provides regular investment advice and charges a Wrap Fee and sales commission arising from the Transactions in the account and the operation of such account shall be in accordance with the provisions set out in the Supplemental Terms and Conditions; and
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Examples of Wrap Account in a sentence

  • In a Wrap Account fee type, Client pays one Account fee that covers investment advisory, administrative and trading services.

  • Subject to applicable laws and regulations, Confluence retains full authority to negotiate the fees it charges to its clients for discretionary portfolio management and investment advisory services, including “single and dual contract” agreements with Financial Institutions to provide such services to the clients of such Financial Institutions as part of a UMA or Wrap Account arrangement, and to registered investment companies.

  • Confluence will generally place trades for clients in Wrap Account and UMA programs with the Sponsor of the program.

  • Clients in a Wrap Account or with a discretionary account in certain UMA programs are generally charged a bundled fee or fees by the Financial Institution sponsoring the program (“Sponsor”), typically based on a percentage of the market value of the assets in the Wrap Account or UMA.

  • In the Wrap Account format, Client’s Transaction Charges may be paid by Manager or Advisory Representative.

  • In the Wrap Account format, if the Advisory Representative pays the transaction charges rather than Manager, the Advisory Representative will retain a higher portion of the total account fee paid by the Client because the administrative fee paid to Manager will be lower than if Manager directly paid the transaction charges.

  • Trade Confirmation Suppression If Account is managed on a discretionary basis and is offered using the Wrap Account format (as described in Section 6 below), then Client will have the option to request suppression of trade-by-trade confirmations.

  • In a Non- Wrap Account fee type, Client pays an Account fee that covers investment advisory and administrative services and pays additional fees for each trade (“Transaction Charges”).

  • Clients may incur certain charges imposed by custodians, brokers, third- party investment and other third parties, such as fees charged by managers, custodial fees, deferred sales charges, odd-lot differentials, exchange fees, SEC fees, transfer taxes, wire transfer and electronic fund fees, and other fees (including Wrap Account fees) and taxes on brokerage accounts and securities transactions.

  • Trade Confirmation Suppression Since the Account is managed on a discretionary basis and is offered using the Wrap Account format (as described in Section 8 below), the Client will have the option to request suppression of trade-by-trade confirmations.


More Definitions of Wrap Account

Wrap Account means an account whereby a Customer consolidates his investments (including but not limited to Funds) to which the Company may provide periodic investment advice and where a recurring Wrap Fee and Platform Administration Fee is charged;
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Wrap Account means an account whereby a Customer consolidates his investments (including but not limited to Funds) to which the Customer’s representative provides regular investment advice and a recurring Wrap Fee is charged; and
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Wrap Account means, with respect to any Client, an account maintained by any Seller Entity on behalf of such Client pursuant to a Wrap Agreement.
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Wrap Account means an account whereby a Customer consolidates his investments (including but not limited to Funds) to which CIMB Bank provides regular investment advice and a recurring Wrap Fee is charged.
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Related to Wrap Account

  • Swap Account The account or accounts created and maintained pursuant to Section 4.09. The Swap Account must be an Eligible Account.

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Investment Account As defined in Section 3.12(a).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Master Account or “Judicial Council’s Master Account” shall mean the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Note Account As defined in the Indenture.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Collection Accounts As defined in Section 3.10(a).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;