Midas Markets
Midas Markets
Active Investing in Australia
Services
Dedicated to Delivering Tailored Investment Solutions for Every Client
Our Process
Tailored around each client's unique current and future needs, Midas Markets offers clients investment solutions through a Managed Discretionary Account (MDA).
Why MDA
MDAs have grown in popularity in the financial service industry. They allow investment professionals the ability to significantly reduce their administration duties and any potential time delay or lag from getting client approval per action. Those without discretion must submit a Record of Advice per investment action and await its return before executing. This adds procedural and administrative obligations before the action. MDAs allows for an investment professional to act and respond quicker and with less red tape whilst still acting in the best interest of the client.
Not all MDAs are the same. Investment strategies are tailored to and reflective of the client's risk profile from the fact find process and then put into a Statement of Advice (SoA) and ultimately the client agreement. In general, risk profiles can be summarized in the following manner:
Conservative
Lower volatility, focused on the preservation of wealth, steady but modest returns.
Moderate
Medium risk, focused on a balanced return over a medium to long-term horizon.
Growth
Higher risk, focused on capital appreciation, seeking higher long-term returns at the expense of higher volatility.
How MDA Works
A MDA is an investment account in which a portfolio manager or investment professional has the authority to make investment decisions on behalf of the client, without needing to get approval for every action. The client gives the investment manager discretion over investment choices, including buying, selling, and holding assets, based on a pre-agreed investment strategy and agreement tailored to the client's goals, risk tolerance, and time horizon.
MDA firms are professional services which require a financial license issued by the industry regulator, the Australia Securities and Investments Commission (ASIC). Along with the client agreement and Statement of Advice (SoA), these safeguards are put in place to ultimately protect the best interest of the investor. These are checked and audited regularly by the industry regulator, internal and external independent auditor(s).