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Simple English definitions for legal terms

mutual-fund wrap account

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A quick definition of mutual-fund wrap account:

A mutual-fund wrap account is an investment account where an investor's money is only put into mutual funds. The investor pays a fee based on a percentage of the total assets to be managed. The investor does not choose the investments or give instructions to buy or sell. It is a way for investors to have their money managed by professionals.

A more thorough explanation:

Definition: An investment account that allocates an investor's assets only among mutual funds rather than stocks or other investments.

Example: An investor opens a mutual-fund wrap account with a brokerage firm. The investor selects a portfolio of mutual funds, and the brokerage firm charges a fee based on a percentage of the total assets to be managed. The investor does not select individual stocks or give instructions to buy or sell.

Explanation: A mutual-fund wrap account is a type of investment account that allows an investor to allocate their assets among mutual funds. The investor pays a fee to a brokerage firm, which selects a portfolio of mutual funds based on the investor's risk profile. The investor does not select individual stocks or give instructions to buy or sell. The brokerage firm charges a fee based on a percentage of the total assets to be managed. This type of account is popular among investors who want to diversify their portfolio and have a professional manage their investments.

mutual demands | mutual insurance

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@georgiapeach88: Where did you transfer from? And why did you transfer?
Oh, I see from your profile: Maryland. Still, why did you transfer?
[] ararara
23:38
Caught the most epic sunset haha I was so high up my ears still haven’t popped
[] ararara
23:38
@georgiapeach88: I actually remember you from some of the first times I was on this site
Just out of curiosity: Do we think it's fair to say that the percentage of users of those site who continue to use it after their 1L starts, for those users who actually went or go to law school, is <1%?
manifestmoreadmissions
11:44
@georgiapeach88: not sure if you're still there but im also curious bout why you transferred, especially since your application says you were eventually admitted to GULC off the waitlist?
BelligerentMagicalWarthog
13:35
do we think GULC is done
KnowledgeableRitzyWasp
17:45
@BelligerentMagicalWarthog: last year they were accepting people off the waitlist from mid june up to a few days before classes start. so just off that and vibes I don't think they're done
Hi Guys
23:06
gulc said they'll get back to me by the week of june 17th
23:06
i hope they give me the a or r. i just want an answer 😭😭
has anyone on GW waitlist heard anything?
KnowledgeableRitzyWasp
23:55
@menherachan: praying for your WL A
0:13
@menherachan: i hope they give u that A as well
tysm! i hope so too lol
Hello everyone. Is it easy to miss important information about your admissions results if you don’t add your law school admission office to your Gmail contact? Did you find any important email from law school in your junk mail?
finna make yo hard times look pretty 😪
i watch my grandpa say penis
hys students when they see the above the law rankings 😪
@BelligerentMagicalWarthog: anecdote but a friend of mine got off the gulc waitlist in July last year
Write a poem rizzing up the admission staff
@Zenaida-Macroura: I got a waitlist on Saturday
Should I email HLS and ask if WL students get merch. They asked for my address for a surprise gift but I haven’t gotten anything
Zenaida-Macroura
8:58
@dusttodiamonds: OMG???
Zenaida-Macroura
8:58
More things to worry about over the weekend nice....
[] ararara
9:15
@Zenaida-Macroura: there’s no reason to worry ☮️ ❤️ but I/we get it! For me I’m super worried about not having any money coming in for a while plus no sugar mommy/daddy (yet!) to take care of me!
[] ararara
9:16
I always think back to when I was anxious waiting for my lsat results one take. I went to the park and a parent let me play with their kid. I fixed his truck and he was hyped! He told me to “have a good time!” when I left haha. He’s our spirit animal!
Zenaida-Macroura
9:33
@ararara: You're so sweet, this is nice to hear ty <3!!!!1
manifestmoreadmissions
9:36
@Zenaida-Macroura: I got admitted to a school on a sunday once
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