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How does a wrap fee program work?

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How does a wrap fee program work?

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Wrap programs bundle a number of investment services together for one fee. The fee is expressed as a percentage of the value of the assets in the account, and is paid quarterly in advance. So, if an account is valued at $100,000, and the annual wrap fee is 3%, the client is billed $750 per quarter, or $3,000 per year.

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