wrap account

An investment account for which the investor, helped by a stockbroker, selects an account manager and pays a fee based on a percentage of the total assets to be managed.

• Most wrap accounts contain a portfolio of investments, including stocks, bonds, and cash. Investors generally provide a risk profile but do not select the investments or give instructions to buy or sell.

— Also termed wrap-fee account. See mutual-fund wrap account.

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词条贡献者

资深译员维皓，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与反垄断诉讼有关的法律文件。