A ‘wrap’ is an internet account that lets you manage your investments and retirement funds in the same place.  It’s an online service that can help you run your finances more efficiently.

The advantage of using a wrap account, is that it can make your finances much easier to manage.  You are able to get an instant overview of your investments and your retirement funds at any time from any computer.

In theory, you can manage almost any type of investment through a wrap account.  The wrap will buy or sell investments under your IFA’s instructions, and manage your funds on your behalf.

Wraps usually appeal to investors who are comfortable taking control of decisions about their finances.  There are many different wrap accounts available all with their own charging structure and features so it’s advisable to take advice from an independent financial adviser (IFA) if you’d like to set up a wrap account.

An IFA can help you understand more about the wrap’s features, and give you insights and information to help you understand the extensive data that’s made available through a wrap account.