Glossary entry (derived from question below)
English term or phrase:
wrap account
Spanish translation:
CUENTAS DE COBERTURA
Added to glossary by
Patricia Mazzucco
Nov 23, 2006 19:32
18 yrs ago
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English term
Argentina
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Native in: Spanish 
Works in: Spanish to English, English to Spanish
wrap account
English to Spanish
Bus/Financial
Finance (general)
finanzas
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
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
Proposed translations
(Spanish)
| 4 | CUENTAS DE COBERTURA |
Robert Copeland
|
| 4 | cuenta “wrap” |
Ezequiel Fernandez
|
Proposed translations
5 mins
Robert Copeland
United States
United States
Native in English
&
Spanish
United States
Organized, Deadline-Oriented, Reliable
Native in: English 
, Spanish
Works in: Spanish to English, English to Spanish
Related KudoZ points
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140
Selected
CUENTAS DE COBERTURA
wrapped account/separate account
Spanish translation: cuenta de cobertura / cuenta separada
Entered by: mirta
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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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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
Return to KudoZ list
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4 KudoZ points awarded for this answer.
Comment: "Many thanks!"
17 mins
cuenta “wrap”
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
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
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