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Finance Dictionary and Glossary of Investment Terms
wrap fee
Definition 1.
A charge for an investment program that bundles together a suite of services, such as brokerage, advisory, research, and management.
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Definition 2.
Charge for an investment program that bundles or "wraps" a number of services (brokerage, advisory, research, consulting, management, etc.) together and covers them with a single fee based on the value of assets under management. X X or XD Symbol used in newspaper or ticker listings to indicate that a stock is traded without dividend
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