Free Switching on the Wrap Account
iGP offers you two types of investment account:
the Wrap and Non-Wrap accounts.
The wrap account allows wealth advisers to wrap
all your investments into one account and monitor your portfolio
through regular portfolio rebalancing.
In return for active portfolio management, your
adviser can apply an annual wrap fee based on the value of all
investments wrapped in the wrap account. The amount of the wrap fee
chargeable is directly correlated to the performance of the portfolio.
Thus, the better the performance of the portfolio, the higher the
wealth adviser's income. This successfully aligns both the wealth advisers'
and the clients' interests.
Traditionally, there are charges involved in the
switching of funds. But with the iGP platform, the wrap account offers
you unlimited free fund switching. Switching from one fund to another
will not incur any upfront fee.
Alternatively, if you do not require active
portfolio management, the Non-Wrap account will suit your needs. The
difference lies in the fees structure, where you will pay an upfront
fee whenever you make new fund purchases.