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

  • Wrap Fee Programs (Wrap Account/Model)TSW manages specific investment strategies in wrap-fee programs for both non-discretionary Model and discretionary Wrap Account programs sponsored by unaffiliated financial institutions similar to its management of the same strategies implemented in its institutional accounts.

  • In a traditional Wrap Account program, a client selects the Sponsor.

  • TSW relies on the Sponsor to gather the necessary information and assess the suitability of its investment style to the individual needs and financial situation of a Wrap Account client.

  • There are fundamental differences between a Wrap Account and Model program.

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

  • In such circumstances, we might need to suspend further trading in your Product Wrappers or request closure of your Wrap Account.

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

  • We are the provider of the Novia Service, and we will operate the Novia Service and your Wrap Account in line with these Terms and Conditions and the Rules.

  • 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.

  • Please note the Fractional Trading Service may be withdrawn without notice with the result that any fractional shares in ETFs within the Wrap Account will need to be sold and there may be a delay to the execution of any pending ETF instructions whilst all Investors’ fractional positions are unwound.


More Definitions of Wrap Account

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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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 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 Mutual Funds) to which the FA provides regular investment advice.
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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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Related to Wrap Account

  • Swap Account The account or accounts created and maintained pursuant to Section 4.08. The Swap Account must be an Eligible Account.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • 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(g) 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 Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. 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, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • 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 P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • 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;