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Managed Discretionary Account (MDA)

SIRA Group is licensed to provide Managed Discretionary Account (MDA) services to retail clients.

What is an MDA?

A Managed Discretionary Account (MDA) is an account established in your name (or a relevant entity's name - for example, a self-managed super fund, family trust or company), which is used to invest on your behalf in accordance with your Investment Program and the discretionary authority given to us without the need to consult and obtain your agreement or instructions to sell, buy, apply for or redeem investments in financial products prior to actually doing so.

How Does an MDA Work?

We can not establish and operate an MDA for a client until a MDA agreement is signed setting out the terms and conditions of the agreement and the Investment Program.

Specific and on-going discretionary authority is given to us as part of the MDA agreement and we are obliged to manage the MDA portfolio in accordance with the agreed Investment Program and that authority.

By giving us discretionary authority you are empowering us to deal and invest on your behalf.

At all times you will be the beneficial owner of holdings or funds in your MDA but we will control day-to-day investment on behalf of your MDA.

You may expressly instruct us at any time regarding your MDA portfolio or particular holdings, which in that instance overrides the discretionary authority previously given to us. You may terminate your MDA agreement by notice to us in accordance with the Agreement.

How Can You Access Details About Your Portfolio?

You will be able to monitor your MDA daily via a secure internet connection (access with password and PIN).

You will be free to meet or consult with us regarding your MDA. You may contribute further funds or holdings to your MDA. Subject to minimum portfolio value requirements being met, you may withdraw holdings or funds.

What are the Benefits?

You will be able to monitor your MDA daily via a secure internet connection (access with password and PIN).

The benefits of an MDA include but are not limited to: . Ongoing monitoring & active management by investment professionals;
. Prompt response to market changes;
. Access to a range of research and leveraging our investment team's stock selection & portfolio management expertise;
. Administrative convenience;
. Ongoing communication of trades;
. Investment flexibility;
. Easy to adjust; and
. No exit fees.