Research on wrap accounts
Well I now understand what wrap accounts are after doing some of my own research. They do seem like a good idea but I am a little concerned that if I invest I will be married to the adviser that I am currently with. From what I’ve read it seems that all the transacting on wrap accounts must be done through an adviser, which is fine for now but if I want to leave that adviser at any stage in the future where does that leave me? I don’t actually understand why these wrap platforms are not made available to individuals in the same way that standard managed funds are available. Does anyone have any feedback?