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The Wrap Sheet

Wrap fee programs bundle your investments into one neat package.

This story appears in the May 1998 issue of Entrepreneur. Subscribe »

All for one, and one for all. When it comes to "wrapfee" investment programs, that about sums it up. The term"wrap fee program" is usually used to describe a numberof investment services that are bundled together and covered by asingle fee. Unless you've been living on a desert island,you've probably heard of this kind of investment account, onewhose fee includes trading and management costs as well asinvestment advisory services.

Once the domain of only the wealthiest investors, even the lesswell-heeled can now participate. So why bother with an account thatdoes it all for you when you can seemingly just as easily do ityourself? If you have the time to follow capital markets nationallyand abroad; understand annual reports and analysts' findings;follow an asset allocation model; and amass enough information oncompanies of all sizes to make decisions that could affect yourfinancial future, step right up and take a crack at it. (Andthat's just for the stock market. Don't forget the bondmarket: In case stocks don't keep going like the EnergizerBunny, you'll be glad you diversified your holdings.) But ifyou'd like to know your money is working as hard as you do andstill have time to breathe, perhaps a little help wouldn't be abad idea.

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