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Wrap accounts consolidate various investments under one administrative umbrella. They are similar to master trusts except that they act as a custodial service with investments in assets made under an individual’s name. These investments may be in either managed funds or direct investments. The name ‘wrap’ is drawn from the fact that the administration wraps around a portfolio of investments.
Consolidate all of your investments in one place
Wrap accounts allow investors to access managed funds, ASX listed shares, cash and margin lending through a single account. Online access to view reports on consolidated holdings make it quick and easy to manage a portfolio, and to view the performance of individual assets as well as the portfolio as a whole. A single consolidated tax report is also received at the end of each year, providing potential savings on accounting fees.
Access to wholesale and boutique funds
Many boutique, wholesale and institutional funds are not usually accessible to retail investors due to restrictive minimum investment amounts that can be anywhere from $200,000 to several million. Once an investor has opened a wrap account, it is only necessary to meet the minimum per holding investment amount of the wrap platform - typically $1,000 - irrespective of the high minimum investment amount the investment fund requires from direct investors.
Diversification
Most wrap accounts offer an extensive range of investment choices allowing investors to diversify across and within asset classes, as well as across different equity styles. As investors do not need to meet the minimum investment amounts required from direct investors in wholesale and institutional funds, they are able to more effectively diversify their portfolio across multiple funds and securities, potentially reducing overall portfolio risk. |
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| Wrap Accounts | Access wholesale managed funds, direct shares and term deposits through a wrap account.
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| eWRAP | Invest in a wrap account without % based adviser service fees through 2020 and eWRAP.
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