Managed Discretionary Account (MDA) Authority
We are licensed to use discretion to take action on client’s portfolios to buy or sell investments. This licence is known as a Managed Discretionary Account (MDA) Authority.
This is an imperative part of our business which allows us to quickly respond to market changes. Because the higher quality investments are always in demand, the opportunity to acquire these at preferred lower prices is most often very limited. Where clients have provided us with this authority to act on their behalf without having to make contact with them first, we are able to acquire these investments when the markets allow small “windows of opportunity”.
This discretion has also been significantly important in protecting our client portfolios when specific investments are performing poorly. The ability to act quickly using this discretion has been invaluable during market events such as the Global Financial Crisis.
Byron Capital specialises in advising high net worth investors and does more than build and manage investment portfolios. We provide a comprehensive suite of tailored advice and services to help you develop and implement strategies needed to achieve your goals.
These include: Wealth creation strategies, Private portfolio management, Superannuation advice, Tax planning, Estate and succession planning, Aged Care and Centrelink, Personal insurance planning and risk management.