WRAP is simply the term used in financial circles to describe a new way of keeping all your individual investments on one central administration platform, rather than having various investments scattered ad-hoc over a range of providers, each of which having their own costs and reporting styles.

Like the segments of this umbrella, various investment types are “wrapped” under the one administrative framework. This contains the costs of administration across a range of investment types whilst allowing you to pursue one consistent investment strategy across the entire range. Simplified reporting and online access also allows you to keep track of your total wealth and portfolio more easily.

Investments that can be included under the umbrella or WRAP are:

  • Pensions
  • Bonds
  • OEIC’s/Unit Trusts
  • ISA's
  • Shares
  • Bank Deposits

Although this centrallised administration system helps minimise cost across the range each of the coloured segments still operates under its own tax "wrapper" or rules. In this way, Pension and ISAs still enjoy their special tax status whilst allowing us as your advisers to recommend an appropriate strategy for all your investments which is easily reviewed and this is achieved at a lower overall cost to you.

Hi Iain, I cannot thank you enough for the advice, support and service you have provided to me throughout this process which has been outstanding from start to finish. You have made the entire process easy and hassle free and have negotiated an enhanced annuity for my father. I cannot thank you enough and will recommend you wholeheartedly to every single person I know that ever needs pension advice or indeed financial advice of any kind. Best regards David
David StranaghanRelationship Manager, Third Party OperationsTesco Bank