what is a reasonable wrap fee 
the normal wrap fee is 1 to 3 per year of the assets under management whether that s reasonable depends on what it covers the wrap fee may not include certain charges securities exchange commission sec regulations require that investment advisors give their clients a wrap fee program brochure stating what services and charges are included in the fee the investor may still have to pay some fees such as those charged by a mutual fund provider or charges related to third party providers even some uncommon brokerage fees may not be covered in a wrap fee 2