Wrap accounts provide access to wholesale managed funds and boutique funds that are often not available to retail investors directly, in a single consolidated holding alongside shares, cash, term deposits and margin lending. 

Though wrap accounts typically require an adviser, 2020 DIRECTINVEST offers access to a wrap account on a transaction-only basis through Personal Choice eWRAP Investment, Super or Pension.

WRAP ACCOUNTS EDUCATION

The name ‘wrap’ is drawn from the fact that the administration wraps around a portfolio of investments. Wrap accounts can provide significant advantages to investors wishing to simplify their investments and their administration.