WHAT IS A MANAGED DISCRETIONARY ACCOUNT?
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What is a Managed Discretionary Account (MDA)

An MDA is a portfolio of listed securities managed by a professional manager on a discretionary basis on behalf of the client. The securities are held in custody in the name of the client or the client's investment vehicle. The client has their own cost basis, and does not inherit capital gains tax liabilities, as may be the case with a managed fund.

The benefits of HarbourSide Capital MDA’s include:

  • The investor retains beneficial ownership of the underlying investments

  • The investor has their own cost basis

  • Full transparency of underlying investments

  • Ease of administration

  • Online up to date access on investments

Each individual MDA strategy is governed by an Investment Programme or IM and are independently audited on an annual basis.

 

Why use a HSC MDA?

Using a HSC MDA allows you to gain access to professional investment management and expertise. The investment managers are responsible for managing strategies in accordance with key investment objectives as set out in our Investment Programme.