The Arizona Wrap Fee Brochure is a disclosure document that outlines the fees and services associated with a wrap fee program. Wrap fee programs, also known as asset-based fee programs, allow investors to receive a comprehensive package of services and investments, such as portfolio management, investment advice, custody, and trading services, in exchange for a single fee. The Arizona Wrap Fee Brochure is designed to provide investors with all the necessary information they need to make an informed decision when considering entering into a wrap fee program. The Arizona Wrap Fee Brochure explains the services provided, the fees associated with the program, the risks associated with the investments, and the responsibilities of both the investor and the financial professional administering the program. The brochure also outlines the Arizona Department of Financial InstitutionsADFFI FIFI) rules and regulations governing wrap fee programs. There are two types of Arizona Wrap Fee Brochure, a wrap fee program brochure for broker-dealers and a wrap fee program brochure for investment advisers. The broker-dealer brochure is designed for wrap fee programs in which the financial professional is registered as a broker-dealer. The investment adviser brochure is designed for wrap fee programs in which the financial professional is registered as an investment adviser.