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Wrap Account
Wrap account is a brokerage account that proffers managing of an investment portfolio with all administrative, commission and managerial expenses included, for a fixed quarterly or annual fee.
Wrap account is proven to be advantageous to investors, because it offers great protection from overtrading (broker’s excessive trading on your account in order to enhance his commission). Brokerage houses offer wrap accounts only for initial investments of at least $50.000, and sometimes even $100.000.
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