What is a Wrap program?

A Wrap Program, also known as a wrap account, is a type of investment account offered by financial institutions where various investment services and products are bundled together for a single, all-inclusive fee. These programs typically include investment advice, portfolio management, brokerage, and administrative services. The main benefit of a Wrap Program is the simplification of fees and the consolidation of services, making it easier for investors to manage their portfolios. However, it's important to compare the costs and services with traditional investment accounts to ensure the Wrap Program suits your financial needs.