# Fixed fee (flat rate compensation; wrap account)

- Canonical URL: https://www.gerhardmerk.de/fixed-fee-flat-rate-compensation-wrap-account
- Post ID: 587800
- Modified: 2023-07-25T21:00:14+00:00
- Language: en

## Definition

In the case of banks, the charging of a customer - usually a private household - with a lump sum as remuneration for services rendered. The account management fee is usually included in this. - In the case of portfolio management by an asset manager, the service fee charged at contractually fixed times irrespective of transactions (an account where an investor`s portfolio is managed by a portfolio manager who is paid trimestrially or annually based on a fixed payment. Thus the account holder gets protected from overtrading which occurs if a portfolio manager trades an account excessively to make more commission) - See All-in-Fee, High Watermark Method, Bank Fees, Fixed Price Transaction, Base Price, Fee-Back Guarantee, Bait Offer, Flat Rate. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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