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Showing 31 - 38 of 38 results for "MDA Service"

Advisers looking to offer MDA services

STAFF WRITER  |  TUESDAY, 4 AUG 2015
Managed discretionary account (MDA) operator Managed Account Holdings Limited (MGP) has noted a significant increase in the MDA structure from advice firms. In a statement, it noted that ten new advice firms have signed an agreement with MGP this year ...

MDA provider inks deal with Affinity and Redgum

STAFF WRITER  |  TUESDAY, 18 MAR 2014
... transparency, accuracy and flexibility," he said. Redgum Wealth Group is also currently rolling out the managedaccounts.com.au MDA service to its 200 clients. Principal Mark McLennan said he expected the new service to reduce the group's administration ...

ASIC accepts EU from forex broker over prohibited IMA

STAFF WRITER  |  TUESDAY, 25 FEB 2014
... managed discretionary account (MDA). Forex FS's Australian financial services (AFS) licence prohibits it from offering a MDA service to retail clients except through a registered managed investment scheme. ASIC's investigation found the IMAs, which were ...

ASIC MDA review requires further clarity: IMAP

ALICE URIBE  |  TUESDAY, 30 APR 2013
... by the MDA operator, including the creation of a class licence for MDA operators which permits them to operate the MDA service for retail only clients, who have concurrently become clients of a regulated platform. "The NTA requirements that ASIC imposes ...

MDA guidance review will bring coherence and consistency

LAURA MILLAN  |  THURSDAY, 28 MAR 2013
Advisers and fund managers welcome the Australian Securities and Investments Commission (ASIC) review of Managed Discretionary Accounts (MDA) guidance as it will bring coherence and consistency to an under-regulated sector. "The review is a good thing ...

Industry uncertainty limits MDAs

ELISE BURGESS  |  THURSDAY, 28 JUL 2011
... interest in using MDA's in Australia as a main response to the challenges of FoFA. For most dealers, implementing an MDA Service is really only constrained by the education of [Australian Financial Service Licence] AFSLs and their compliance staff in ...

Advisers must justify complex products: ASIC

MATT WOODINGTON  |  MONDAY, 14 MAR 2011
ASIC will clamp down on the misuse of Managed Discretionary Accounts (MDAs) and increase scrutiny on advisers recommending capital guaranteed funds. A growing number of advisers are offering structured capital protected and capital guaranteed products. ...

AFS licensees given notice on MDA authorisations

Australian financial services (AFS) licensees were reminded on Thursday applications for managed discretionary account (MDA) authorisations needed to be in no later than 10 December 2004. The Australian Securities and Investments Commission (ASIC) said ...
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