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.