Wrap Accounts

Wraps have recently been introduced in the UK following success in other major financial services markets. The objective of a wrap account is to reduce the administrative burden from having pension and investment contracts with many different providers.

Instead of receiving numerous policy statements and correspondence, the wrap account enables a full valuation of all contracts at any given time. In addition it is possible for a wrap account to provide important information on the asset allocation of the pension and investment portfolio, i.e. how much is invested in equities, fixed interest securities, commercial property and cash.

The consolidated nature of a wrap account allows for significant discounts to fund charges compared to investing directly with the investment house.

Wrap accounts greatly assist professional Independent Financial Advisers to achieve a clients financial planning strategy throughout their lifetime.