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1 4 A B C D E F G H I J K L M N O P Q R S T U V W Y Z
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Wrap Account

A particular type of brokerage arrangement where the investors place their funds and pay an annual fee for investment management services. All costs are “wrapped” into this one fee, including all administrative fees, commission costs, management fees, etc.

The period an employee must work at a firm before gaining access to employer-contributed pension income. For 401k plans, employee contributions are immediately vested, but employer contributions may be vested over several years.

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