WRAP accounts

WRAP accounts Wraps were introduced in the UK as early as 1974 and have long been a success in other major financial services markets including America. The main benefit of using a wrap account is to reduce the administrative burden from having pension and investment contracts with many different providers.

Instead of receiving numerous statements and correspondence from each company, the wrap account enables a full valuation of all your contracts online at any time. Importantly, it is possible for a wrap account to provide vital information on the current asset allocation of your pension and investment portfolio. Enabling you and the adviser to keep a close eye on how much is invested in each different sector, for example, making sure the balance is right between equities, fixed interest, commercial property and cash.

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