Xplore Wealth Managed Discretionary Accounts enables the investor to beneficially own the investments in their Managed Account allowing for full flow-through of all dividends and franking credits. The product allows the Investment Manager to develop a portfolio which reflects the investment objectives and approach to support their client’s needs.
A managed discretionary account (MDA) is an investment portfolio management service where a portfolio of investments is maintained by an investment manager and discretion is provided so that investment manager can make decisions about that portfolio in accordance with investment objectives and an agreed investment program. This discretion eliminates the need to constantly obtain client agreement or instructions to sell, buy, apply for, or redeem investments in financial products.
The account is managed by professionals