Your Online Portfolio Administration Solution
What is a managed discretionary account?
A managed discretionary account (MDA) is a service where a portfolio of investments is maintained for you and you provide discretion to an investment manager to make decisions about that portfolio on your behalf. In this way, you delegate the day to day decision making about your investment portfolio.

MDAs are regulated by the Australian Securities & Investments Commission (ASIC) and the provision of MDA services must meet certain conditions of the Corporations Act 2001, Regulatory Guide 179 and ASIC Class Order CO 04/194. MDAs are managed by a Managed Account Operator that must hold an Australian Financial Services License authorising them to provide MDA services. MDA services may operate with an external Managed Account Adviser who generally provides model portfolio solutions.

MDA Diagram

Why use a managed discretionary account?
Using a managed account allows you to gain access to professional investment management expertise offered by a range of investment managers using a model portfolio approach. The investment managers are responsible for managing model portfolios in accordance with key investment objectives as set out in their Investment Philosophy. The MDA option allows a portfolio to be constructed in accordance with your own personal objectives, risk tolerance and asset preferences.

For more information about adviser licensing requirements for MDAs, click here.
What's New
SMSF Investment Patterns Survey - February 2016
Multiport regularly undertakes an analysis of our SMSFs investments. Read more...
Peter Burgess speaks on the SMSF minimum balance debate
Peter Burgess shares his view with SelfManagedSuper on the latest guidance on SMSF advice. Read more...
Finalist at the 2015 Smart Investor Blue Ribbon Awards
Multiport has been named as finalists in the ‘Best SMSF Administrator’ category. Read more...
Multiport launches online application
Multiport customers are now able to submit applications though a new online facility. Read more...
Multiport Highly Commended at SMSF Awards
Multiport has received a ‘highly commended’ recognition at the annual 2015 SMSF Awards. Read more...