Mutual-Fund Advisory Program

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Definition of 'Mutual-Fund Advisory Program'

A portfolio of mutual funds that are selected to match a pre-set asset allocation model based on the investor's objectives and offered in a single investment account together with the services of a professional investment advisor. Typically, investors won't be charged separate transaction fees, but periodic (i.e. monthly/quarterly/yearly) asset-management fees based on the average value of assets held within the account. Also known as a "mutual fund wrap".

Investopedia Says

Investopedia explains 'Mutual-Fund Advisory Program'

Unlike managed accounts where the financial advisor has full discretion over any investment decisions, mutual-fund advisory programs allow the investor to work with the advisor in developing the optimal asset-allocation strategy. The advisor will help determine which model is best based on various factors such as the investor's goals, risk tolerance, time horizon and income, while providing ongoing guidance and investment support.   

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'Mutual-Fund Advisory Program'

  • That's A (Mutual Fund) Wrap!

    http://www.investopedia.com/articles/mutualfund/05/050305.asp
    ... burden. To ease this burden, the industry has created the mutual fund
    advisory program, also known as the mutual fund wrap. How ...

  • Wrap It Up: The Terms And Benefits Of Managed Money

    http://www.investopedia.com/articles/05/020105.asp
    ... A Unified Managed Account.); Mutual-Fund Advisory Programs The term "mutual fund
    wrap" has largely been replaced by "mutual fund advisory program" to describe a ...

  • Series 65 Study Guide - Client Communication and Compensation ...

    http://www.investopedia.com/exam-guide/series-65/communication-compensation/special-disclosure-requirements.asp
    ... Mutual fund asset allocation programs - bundled programs that ... account under which
    investment advisory services and ... person who recommended the program. Form 13F ...

  • Choose A Fund With A Winning Manager

    http://www.investopedia.com/articles/mutualfund/09/choose-top-mutual-fund-manager.asp
    ... estate planning, which are not covered by the CFA program. ... has grown as fast as the
    mutual fund business ... Institute as part of the Educational Advisory Board and ...

  • Series 66 Study Guide - Client Communication and Compensation ...

    http://www.investopedia.com/exam-guide/series-66/client-communication-compensation-issues/default.asp
    ... Mutual fund asset allocation programs - Bundled programs that charge ... to the person
    who recommended the program ... applies to: only discretionary advisory contracts ...

  • Series 26 Study Guide - Investment Companies - WRAP Accounts ...

    http://www.investopedia.com/exam-guide/series-26/investment-companies/wrap-accounts.asp
    ... Fund Characteristics and Taxation; 2.7 Selling Mutual Fund Shares; ... that provide
    discretionary investment advisory services to ... account in the program is managed ...

  • What You Get When You Pay For Investment Services

    http://www.investopedia.com/articles/basics/08/advice-portfolio-management-administration.asp
    ... mutual fund firms, no-load mutual fund firms, banks ... addresses the strategy the advisory
    component has ... an intensive and comprehensive training program that takes ...

  • Series 65 Study Guide - Taxation Issues - Holding Period and Cost ...

    http://www.investopedia.com/exam-guide/series-65/taxation/holding-period-cost-basis.asp
    ... This would apply to both stocks in a dividend-reinvestment program and
    mutual funds where dividends are automatically reinvested. ...

  • Quant Strategies - Are They For You?

    http://www.investopedia.com/articles/trading/09/quant-strategies.asp
    ... with any model, it's only as good as the human who develops the program. ... Schmidt
    contributes to the CFA Institute as part of the Educational Advisory Board and ...

  • CFA Level 1 Study Guide - Ethics and Standards - Standard III-B ...

    http://www.investopedia.com/exam-guide/cfa-level-1/ethics-standards/standard-fair-dealing.asp
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