Mutual Fund Wrap Accounts
Mutual Fund Wrap accounts offer many of the same benefits as traditional mutual fund ownership. In addition, the wrap accounts offer an annual fee, based on the value of the account, for management as opposed to acquisition or redemption fees, allowing you to pay as you go. (A minimum account size of $100,000 is imposed on this investment choice to make this a cost effective alternative).
Another great benefit of the mutual fund wrap account is the multi-manager approach it offers. In this account, you can own mutual funds from multiple mutual fund families without being concerned as to mutual funds fees generated by buying and selling from one fund family to another to maintain proper asset allocation.
For a complete discussion of all fees, charges, and penalties associated with this product, it is important that investors ask for a prospectus and read it carefully before investing or sending money. You can stop in at your First Market Bank branch or call the investments team at 1-804-327-5749 to get more information.
Securities and Insurance Products and Services Are:
| Not FDIC Insured |
Not a deposit |
May go down in value |
Not financial institution guaranteed |
Not insured by any federal government agency |
Securities are offered exclusively through Raymond James Financial Services Inc.
Member FINRA/SIPC.