Managed Discretionary Accounts

Take advantage of an MDA arrangement under your own practice through our existing MDA agreement supported by professional wealth experience. ANIG WM offer licensing arrangement for providers of managed discretionary accounts, as well as a range of services designed to advise and support you throughout set-up and overall management.

Why Choose ANIG?

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What are MDAs?

Managed Discretionary Accounts (MDAs) are an investment portfolio management service that offer a unique portfolio legal structure. They allow advisers and/or financial institutions to trade on behalf of clients at a discretionary level on selected model portfolios, making investment far more efficient and agile. The term discretionary refers to the ability of the MDA provider to autonomously buy or sell securities (stocks, bonds, managed funds, etc) on the client’s behalf, according to the previously agreed upon investment mandate of the client’s account. The ANIG Wealth Management MDA promotes efficiency by eliminating the need for multiple authorities in order to rebalance portfolios via tactical or strategic asset allocation. This structure allows practices and advisers to plug into and utilise the MDA designation of ANIG Wealth Management via a service agreement.

MDAs can help you to streamline your day-to-day business activity and provide an automated and seamless service offering. 

+ Ability to invest in exclusive investment funds which usually have very large minimum contributions (in excess of $500k).

+ Hassle free and active account management with instantaneous response to market conditions.

+ Platform access offering visibility of account with administrative convenience.

+ Investment flexibility with a choice of portfolios according to the client’s risk profile.

+ Access to a number of asset classes and geographies resulting in a more diversified portfolio.

Licensing for MDAs

Only MDA license holders can operate as an MDA provider. ANIG WM offer licensing and support for MDA providers and financial advisers through our existing MDA licensing agreements. As well as licensing, choosing ANIG WM grants you access to expansive knowledge across a range of financial services, market insight, and the best advisory and development support available.

The Process - Setting Up Managed Discretionary Accounts

ANIG WM assists our authorised representatives and partners with integration and transition into an efficient business structure, whereby advisers can operate model portfolios according to their investment mandate without the hassle of constant approval. This means faster and more flexible investments, as well as greater control over those investments for clients.

ANIG WM can provide all relevant documents and templates for initial on-boarding, eliminating time needed to create client forms. In addition, through ANIG WM’s investment managers specialised MDA experience we ensure your firm is compliant with all activities within RG179. At the centre of ANIG WM’s offering we manage the end to end process and provide ongoing maintenance and updates to maximise mutual outcomes. With model portfolios constructed with specific objectives in mind, the ANIG Wealth Management Investment Committee ensures risk metrics and asset allocation is closely monitored and rebalanced to minimize risk relative to the agreed targeted asset allocation.

Why Use Managed Discretionary Accounts?

Managed Discretionary Accounts can be created for any legal structure or client type, such as an individual, a self-managed super fund, family trust or a company account.

Adviser and Client BENEFITS:

The client or entity remains the beneficial owner of all holdings within the MDA and has complete transparency over the investment. Although the agreed investment mandate allows the MDA operator discretion when managing the account, the client still has full discretion over the investment program to be implemented via the MDA.  

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ESG & SRI INVESTING:

Advisers can also implement an Environment, Social, and Governance (ESG) and/or Socially Responsible Investing (SRI) overlays into the model portfolios. This allows the client to feel comfortable with their final model portfolio. MDA’s are regulated by ASIC via RG179 and meet such conditions under the Corporations Act 2001.  

What are the Benefits of MDAs?

WHAT ARE THE BENEFITS OF MDAs?

* Simplify and scale the buying/selling process, compliance tasks and administrative work. * Free up and shift more resources to supporting client management and value-adding activities.

PLATFORMS- YOU RECEIVE REGULAR UPDATES

* Ability to use a wide range of regulated platforms.
* Regular reporting for clients, including tax reporting.

DISCRETIONARY PORTFOLIO MANAGEMENT - YOU DELEGATE

* The client delegates the management of the portfolio to the adviser which is derived from the chosen Investment Manager.

* The holdings are monitored and adjusted according to your investment program.

 

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