Series 7: Wrap Account

Taken from our Series 7 - General Securities Representative Exam

Definition of the term Wrap Account...

an arrangement where a broker-dealer charges a single quarterly or annual fee for all its services, including the costs of trading.

Since you're reading about Series 7: Wrap Account, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 7
Please Enable Javascript
to view this content!