Managed Discretionary Account (MDA)

Take advantage of an MDA arrangement under your own practice through our existing platform MDA agreements supported by professional wealth management experience. ANIG WM has licensing agreements with MDA platforms and offers advisors assistance and guidance to set up and manage their businesses when they want to utilise managed accounts to scale.

What are MDAs?

MDAs are individual investment accounts where clients can directly own assets such as company shares or units in a managed fund. They allow clients to give their advisers or the MDA provider the authority to buy and sell investments on their behalf, making investments more efficient and agile. With authorisation, advisers or investment managers can autonomously buy or sell securities according to the agreed investment mandate, eliminating the need for multiple authorities to rebalance portfolios.

Who can use Managed Discretionary Accounts?

Managed Discretionary Accounts (MDAs) 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.

Licensing for MDAs via MDA platform providers

Only MDA license holders can operate as an MDA provider. ANIG WM offers licensing and support for MDA providers and financial advisers through our existing MDA licensing agreements.

The Process - Setting Up Managed Discretionary Accounts

ANIG WM assists authorised representatives and partners with transitioning into a more efficient business structure, allowing them to manage model portfolios according to their investment mandate without needing approval. This leads to more efficient and flexible investments, as well as greater control and reporting to clients.

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

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 accounts 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.
  • 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.
  • Ability to use a wide range of regulated platforms.
  • Regular reporting for clients, including tax reporting.
  • The client delegates the portfolio management to the adviser, which is derived from the chosen Investment Manager.
  • The holdings are monitored and adjusted according to your investment program.

Advisers can add ESG and SRI overlays to model portfolios, making clients comfortable with their choice. MDAs are regulated by ASIC and meet the conditions of the Corporations Act 2001.

ANIG WM is the home of professional Financial Planners and SMSF-accredited Advisers. With our personalised approach, you can trust that your financial future is in good hands.

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 absolute discretion over implementing the investment program via the MDA.