wrap account

Spanish translation: CUENTAS DE COBERTURA

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:wrap account
Spanish translation:CUENTAS DE COBERTURA
Entered by: Pat Mazzucco

19:32 Nov 23, 2006
English to Spanish translations [PRO]
Bus/Financial - Finance (general) / finanzas
English term or phrase: wrap account
Hello,
Is there any translation into Spanish for "wrap" account
Context follows.

Many thanks
Pat Mazzucco

A term used to signify that all investment services are provided or "wrapped up" in a single asset based fee.
A friend in the U.S. recommended a Wrap account to me. Can you explain what this type of account is?
In the U.S., a Wrap account is a managed or "packaged" investment account with an annual fee based on the portfolio's value. It allows access to leading money managers and funds. The fee covers all investment management, custody, and transaction charges, and can be as much as 3.0% of the assets under management. A variety of banks and investment managers outside the U.S. also are beginning to offer this type of account.
In the U.S., a typical Wrap account provided by a broker would purchase a range of mutual funds, or individual stocks or bonds, that fit the client's investor profile.
Typically, Wrap accounts with a focus on money market or fixed-income investments will have a lower management fee than accounts with an equity focus.
Wrap accounts offer three key benefits. First, a professional Portfolio Manager takes care of the day-to-day investment decisions and provides you with detailed reporting on all of your investments.
Second, Wrap accounts are an excellent way to consolidate your portfolio. Because all the investment services are included in one annual fee, your portfolio management costs are clear and upfront.
Third, the larger your investment portfolio, the lower the percentage rate you will have to pay in annual fees. Bringing your investments together in one Wrap account, then, could reduce your overall management costs.


An account in which a brokerage manages an investor's portfolio for a flat quarterly or annual fee. This fee covers all administrative, commission, and management expenses. Sometimes this also includes funds of funds.
Notes:The advantage of a wrap is that it protects you from overtrading. This is when your broker trades your account excessively to make more commission. Furthermore, because the broker gets a flat annual fee, then he/she only trades when it is advantageous to you. A traditional wrap typically requires an initial investment of at least $50,000 to $100,000.





Patricia Mazzucco

 
Pat Mazzucco
Argentina
Local time: 23:38
CUENTAS DE COBERTURA
Explanation:
wrapped account/separate account
Spanish translation: cuenta de cobertura / cuenta separada
Entered by: mirta
Options:
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6:11pm Sep 17, 2004 Font size: 1 | 2 | 3
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English to Spanish translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: wrapped account/separate account
Some of the Wrapped Separate Accounts available under the plan are being merged into other Separate Accounts.Wrapped Separate Accounts are those that invest in shares of a retail mutual fund established by an investment company that is not affiliated with The Principal.
MileKudoZ activity
Questions: 322 (1 open)
Answers: 5

Argentina

Flag or filter this asker:

cuenta de cobertura / cuenta separada
CUENTAS DE COBERTURA

Cuenta en la que clientes con grandes carteras le pagan a la firma de intermediación una cuota anual neta que cubre el costo tanto de los servicios de un administrador de dinero como de las comisiones.

t.i. wrap account

http://www.econoinvest.com/productos/glosario.asp


directas de Fideicomiso Común o Colectivo (Common or Collective Trust) o de **Cuenta
Separada** Combinada (Pooled Separate Account), notificaciones sobre ...
www.dol.gov/asp/programs/guide/spanish/erisa.htm - 38k - En caché - Páginas similares


Suerte, Mile!

Mirta:)


Selected response from:

mirta
Argentina

Note from asker to answerer
Gracias Mirta!
4 KudoZ points were awarded for this answer




SUMMARY OF ALL SPANISH TRANSLATIONS PROVIDED
4 cuenta de cobertura / cuenta separada mirta



Answers


1 hr confidence:
cuenta de cobertura / cuenta separada

CUENTAS DE COBERTURA

Cuenta en la que clientes con grandes carteras le pagan a la firma de intermediación una cuota anual neta que cubre el costo tanto de los servicios de un administrador de dinero como de las comisiones.

t.i. wrap account

http://www.econoinvest.com/productos/glosario.asp


directas de Fideicomiso Común o Colectivo (Common or Collective Trust) o de **Cuenta
Separada** Combinada (Pooled Separate Account), notificaciones sobre ...
www.dol.gov/asp/programs/guide/spanish/erisa.htm - 38k - En caché - Páginas similares


Suerte, Mile!

Mirta:)


mirta
Argentina
Native speaker of: Spanish
PRO pts in category: 25


Note from asker to answerer
Gracias Mirta!


agreedisagreeneutral Send me the response





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Selected response from:

Robert Copeland
United States
Local time: 22:38
Grading comment
Many thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
4cuenta “wrap”
Ezequiel Fernandez
4CUENTAS DE COBERTURA
Robert Copeland


  

Answers


5 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
CUENTAS DE COBERTURA


Explanation:
wrapped account/separate account
Spanish translation: cuenta de cobertura / cuenta separada
Entered by: mirta
Options:
- Contribute to this entry
- Browse KOG in field

6:11pm Sep 17, 2004 Font size: 1 | 2 | 3
Float: ON | OFF
English to Spanish translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: wrapped account/separate account
Some of the Wrapped Separate Accounts available under the plan are being merged into other Separate Accounts.Wrapped Separate Accounts are those that invest in shares of a retail mutual fund established by an investment company that is not affiliated with The Principal.
MileKudoZ activity
Questions: 322 (1 open)
Answers: 5

Argentina

Flag or filter this asker:

cuenta de cobertura / cuenta separada
CUENTAS DE COBERTURA

Cuenta en la que clientes con grandes carteras le pagan a la firma de intermediación una cuota anual neta que cubre el costo tanto de los servicios de un administrador de dinero como de las comisiones.

t.i. wrap account

http://www.econoinvest.com/productos/glosario.asp


directas de Fideicomiso Común o Colectivo (Common or Collective Trust) o de **Cuenta
Separada** Combinada (Pooled Separate Account), notificaciones sobre ...
www.dol.gov/asp/programs/guide/spanish/erisa.htm - 38k - En caché - Páginas similares


Suerte, Mile!

Mirta:)


Selected response from:

mirta
Argentina

Note from asker to answerer
Gracias Mirta!
4 KudoZ points were awarded for this answer




SUMMARY OF ALL SPANISH TRANSLATIONS PROVIDED
4 cuenta de cobertura / cuenta separada mirta



Answers


1 hr confidence:
cuenta de cobertura / cuenta separada

CUENTAS DE COBERTURA

Cuenta en la que clientes con grandes carteras le pagan a la firma de intermediación una cuota anual neta que cubre el costo tanto de los servicios de un administrador de dinero como de las comisiones.

t.i. wrap account

http://www.econoinvest.com/productos/glosario.asp


directas de Fideicomiso Común o Colectivo (Common or Collective Trust) o de **Cuenta
Separada** Combinada (Pooled Separate Account), notificaciones sobre ...
www.dol.gov/asp/programs/guide/spanish/erisa.htm - 38k - En caché - Páginas similares


Suerte, Mile!

Mirta:)


mirta
Argentina
Native speaker of: Spanish
PRO pts in category: 25


Note from asker to answerer
Gracias Mirta!


agreedisagreeneutral Send me the response





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Robert Copeland
United States
Local time: 22:38
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in category: 136
Grading comment
Many thanks!
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17 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
cuenta “wrap”


Explanation:
No existe traducción acuñada.

Se trata de cuentas integrales que agrupan las carteras de clientes particulares para poder ser gestionadas por grandes gestoras.

www.ssnb.com/os_invest_info_terms1.htm

Ezequiel Fernandez
Local time: 04:38
Specializes in field
Native speaker of: Spanish
PRO pts in category: 67
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