Solid Gold Compliance

Transacting client accounts at your discretion – how far can you go without an MDA authority?

Following the GFC and with the advent of FOFA, advisers’ interest in providing MDA services has increased. Many advisers see this as a way to add value to clients and to enable them to provide more control and flexibility in the management of client portfolios.

But in this jargon laden area of our industry, there is considerable confusion about what an MDA actually is, what discretions advisers can exercise without an MDA authority and the compliance implications of providing discretionary management services. This session will:

• Explore four different levels of “MDA” services from rebalancing client portfolios to a full MDA (and a couple in between)
• Explain when an MDA authorization is required from ASIC – and what advisers can do without it
• Examine the compliance implications of the various levels of MDA services.

We hope you can join us online for this Solid Gold Compliance session where, with her usual forthright approach,  Claire Wivell Plater will shed some light on this grey area.

Presenter

Claire Wivell Plater Director Gold Seal Risk Legal Pty Ltd

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