Wrap Fee Programs

Wrap fee programs are investment funds tailored to meet the specific financial goals of each investor. They are unique in that all commission, management, and ongoing oversight fees of the fund are paid by the investor as one lump sum, usually at the fund’s commencement or charged once a year. Paying one fee for a bundle of services is often more convenient to the investor than paying per service extended or per transaction executed. Once a vehicle used exclusively by wealthy investors, wrap fee programs have now become fairly common and are thus important to fund managers seeking investment options.