Wrap investments

Types of funds offered on the Wrap platform

The Wrap platform offers different types of funds for you to choose from. See below for more information about these.

Insured funds

These funds are linked to a plan issued by an insurance company, which allows you to to combine your money with that of other investors. This gives you the opportunity to invest in a much wider mix of investments than if you were to invest on your own. Along with the other investors, you share in the performance of the investments held within insured funds. The price of insured funds moves with the market and is based on the value of the individual types of investments held within the fund portfolio.

• The charge for investing in insured funds is usually applied to the price of the funds, rather than being deducted from your Wrap account.
• Insured funds are available for the following Wrap products: Self Invested Personal Pension (SIPP), Offshore Bond, Onshore Bond.

Mutual funds

As with insured funds, when you invest in a mutual fund your money is combined with that of other investors, giving you the opportunity to invest in a wider mix of investments than if you were to invest on your own. You also share in the performance of the investments held within mutual funds with other investors. However, mutual funds aren't linked to a plan. The price of mutual funds moves with the market and is based on the value of the individual types of investments held within the fund portfolio.

• The charge for investing in mutual funds is usually applied to the price of the funds, rather than being deducted from your Wrap account.
• Mutual funds are available for the following Wrap products: Personal Portfolio, Stocks and Shares Individual Savings Account (ISA), SIPP, and Offshore Bond.

Listed securities

Listed securities cover a wide range of investments that includes equities, gilts, and corporate bonds.

• If you don’t have a financial adviser assigned to your Wrap account, you can’t buy listed securities.
• If you’ve removed your adviser from your Wrap account and hold listed securities, you can stay invested in listed securities or sell or switch them to mutual or insured funds.
• There are dealing charges applied when you buy or sell listed securities. For more information, see our charges and interest rates page.
• Listed securities are available for the following Wrap products: Personal Portfolio, Stocks and Shares ISA and SIPP.

Discretionary Investment Manager (DIM) portfolios

Discretionary investment management is when a manager actively manages a portfolio of funds on your behalf. The manager of the portfolio has the ability to buy and sell funds within the portfolio to try to help meet its goals. This will be aligned with the risk strategy of the portfolio.

• There's generally an additional DIM fee on top of the individual charges for investments held within the managed portfolio.
• You'll always have to pay an initial contribution minimum to be able to invest in a managed portfolio.
• DIM portfolios are accessed on a permission basis and can only be invested in through a financial adviser.

Off-platform investments (OPIs)

Off-platform investments are those investments which aren't held directly on the Wrap platform. They're bought and sold directly with the provider rather than through the Wrap platform. They can include investments such as property, deposit accounts, off-platform DIM portfolios, and Gold Bullion.

• These investments aren't included in your Wrap account value when we're calculating your annual platform charge. Separate charges apply.
• Please see charges and interest rates for more information.
• OPIs can only be held in a SIPP or Offshore Bond.
• OPIs can only be added to these products through a financial adviser.
• If you've removed your financial adviser but hold an OPI as part of your Wrap account, you may continue to do so.
• If you hold OPIs and would like more information about how they impact your Wrap account, please call our customer centre on 0345 279 1001. Call charges will vary.