Having put together a portfolio using mostly ETFs, I am now looking to add a couple of index funds for a bit more diversification. Originally, i was just going to use the retail funds, but an FP is trying to steer me towards wraps. Argument is that wrap can be fairly priced (wrap MER 0.4%) and that they make it easy come tax time (true?). While his points sound perfectly reasonable, i am still uncertain about having my money handled by someone else (ie FP) - i would rather do that myself. And so, i am now looking at using Etrade wrap for accessing the wholesale funds. The wrap has MER 0.66% onto of the fund MER. Also no entry/exit fee - just the buy/sell spread. It looks really reasonable to me. What does everyone think? Has anyone used this wrap for buy-and-hold? It seems that this wrap is not too expensive, and it also makes things easy at tax time. Appreciate your thoughts... ps: my understanding is that using a wrap via FP means everything has to be set up (transactions, etc) via FP. correct? pss: will the wrap tax statement contain CGT details? eg, i buy and then sell units after 2 years (due to rebalancing), will the wrap statement tell me how much those units were bought and sold for, as well as time held?