As medicine, technology and physicians advance, MD Financial Management launches enhanced suite of services to fit their needs
OTTAWA, March 19, 2018 /CNW/ - As medicine evolves, so do the wealth management needs of Canada's physicians— needs as personal and distinct as the patients they serve. MD Financial Management (MD) is evolving as well with MD Financial Suite, a comprehensive set of new and enhanced investing services that offers more choice, flexibility and customization to clients.
The suite includes three new services that align with current shifts in investor demands. Ranging from self-directed to advisor-led services, the suite represents an evolution in MD's approach to serving physician investors who expect more choice and low fees.
"MD knows physicians and we know that physicians have distinct needs that change over their careers," said Brian Peters, President and CEO at MD. "At MD, we focus on the financial well-being of Canadian doctors–so they can be focused on the health of Canadians. Today that means offering new choices that let clients decide how they want to invest."
The new suite includes a discount online investment and trading platform, a low-cost automated investment service, and a face-to-face advice service for clients. As always, MD's priority is the financial well-being of Canada's physicians and their families, so the services are priced below industry averages.1
MD is working with clients to determine the solution best suited to their needs.
The enhanced suite includes:
- MD Direct Trade™—an online investment and trading platform provided by award-winning Qtrade.2 For MD clients who are looking to add a "do-it-yourself" portion to their portfolios, MD Direct Trade provides access to robust market research and tools to help clients make trading decisions and buy and sell at lower fees.
- MD ExO® Direct—a fully automated, low-cost online investment service that allows clients to easily set up a portfolio and monitor the performance of their investments whenever—and wherever—they want. Clients have access to a team of MD Advisors to help along the way.
- The MD Plus™ account—personal financial planning with a dedicated MD Advisor. A fee-based account, MD Plus introduces more fee savings with tiered pricing and more account choices. Clients also have access to in-depth advice on more diverse investment options, including advice on exchange-traded funds.
MD Private Investment Counsel continues to offer discretionary wealth management for MD clients with more complex needs or those who prefer to delegate their investment decisions. Further enhancing and diversifying clients' existing investment portfolios, MD recently launched MD Platinum™, an exclusive new opportunity for clients to diversify their portfolios and grow their wealth. Partnering with private equity manager BlackRock Inc. ©, the introduction of MD Platinum Global Private Equity Pool brings institutional-level private equity investment strategies to discretionary retail investors, a Canadian-first.
"This is an exciting step as we continue to expand our service options while maintaining the standard of excellent advice and service that our clients have come to expect," said Mike Gassewitz, Executive Vice President, Member Solutions. "In the same way that physicians provide personalized care to their patients, we want to offer the best financial service solutions to meet our clients' individual needs. We know that not everyone wants to invest the same way. That's why we now offer a range of investing solutions that allow clients to choose the level of advice and the type of service that best fits their needs so that they can confidently reach their financial goals."
For choice, flexibility and customization to meet of all of their needs, MD clients and Canadian physicians are invited to contact their MD Advisor, call 1 800 431-0330 or visit md.cma.ca/financialsuite to get started today.
About MD Financial Management Inc.
Owned by the Canadian Medical Association, MD has one main goal: to help Canada's physicians achieve financial well-being.
MD has more than $47 billion in assets under administration as of February 9, 2018, and is dedicated to serving Canada's physicians and their families. It provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit md.cma.ca.
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MD compared the management expense ratio (MER) for MD mutual funds and MD Precision Portfolios™ (applies to Series A fees only) with the average mutual fund MERs for comparable funds, using data from Investor Economics as of December 31, 2016. |
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The information contained in this document is not intended to offer foreign or domestic taxation, legal, accounting or similar professional advice, nor is it intended to replace the advice of independent tax, accounting or legal professionals. Incorporation guidance is limited to asset allocation and integrating corporate entities into financial plans and wealth strategies. Any tax-related information is applicable to Canadian residents only and is in accordance with current Canadian tax law including judicial and administrative interpretation. The information and strategies presented here may not be suitable for U.S. persons (citizens, residents or green card holders) or non-residents of Canada, or for situations involving such individuals. Employees of the MD Group of Companies are not authorized to make any determination of a client's U.S. status or tax filing obligations, whether foreign or domestic. The MD ExO® service provides financial products and guidance to clients, delivered through the MD Group of Companies (MD Financial Management Inc., MD Management Limited, MD Private Trust Company, MD Life Insurance Company and MD Insurance Agency Limited). For a detailed list of these companies, visit md.cma.ca. MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. MD Financial Management Inc. is owned by the Canadian Medical Association.
MD ExO®, MD Direct Trade™, MD Plus, MD Platinum™ are trademarks of the Canadian Medical Association, used under licence.
MD Direct Trade is a division of MD Management Limited, member of the Canadian Investor Protection Fund.
Qtrade Investor is a division of Qtrade Securities Inc., Member of the Canadian Investor Protection Fund.
MD ExO® Direct is an investment solution brought to you by MD Management Limited.
MD Management Limited – Member – Canadian Investor Protection Fund.
MD Private Investment Counsel offers investment counselling services, delivered by MD Financial Management Inc., a CMA company.
The information contained herein about the respective MD Platinum™ funds is not intended to be taken by, and should not be taken by, any individual recipient as investment advice, a recommendation to buy, hold or sell any security, or an offer to sell or a solicitation of offers to purchase any security. An offer or solicitation for an investment in any investment fund managed or sponsored by MDFM will occur only through an offering memorandum and related purchase documentation, and subject to the terms and conditions contained in such documents and in such fund's operative agreements. The offering memorandum relating to any fund contains additional information about the investment objective, terms and conditions of such fund, tax information and risk disclosure that should be reviewed prior to making an investment decision regarding a fund. This presentation is qualified in its entirety by such offering memorandum, which should be read completely before making any investment. An investment in a fund would be speculative and would involve significant risks. The information and strategies presented here may not be suitable for U.S. persons (citizens, residents or green card holders) or non-residents of Canada, or for situations involving such individuals. Employees of the MD Group of Companies are not authorized to make any determination of a client's U.S. status or tax filing obligations, whether foreign or domestic. The fund is intended for individuals that qualify as accredited investors. Management fees and expenses may be associated with pooled fund investments and the use of an asset allocation service.No guarantee or representation is made that any MD private investment fund offered will achieve its investment objective. In addition, there are risks associated with investing in private investments that are not applicable to typical investments in the public equity markets. These risks include, but are not limited to, the following: private equity investments are speculative and involve a high degree of risk; an investor could lose all or a substantial amount of his or her investment; interests in private equity investments are illiquid and there is no secondary market nor is one expected to develop for interests in such investments; there are significant restrictions on transferring private equity investments; private equity investments experience volatile performance; private equity funds are often concentrated and lack diversification and regulatory oversight. Management fees and expenses may be associated with pooled fund investments and the use of an asset allocation service. Before investing, please read the prospectus of the pooled funds in which investments may be made under the asset allocation service. Pooled funds are not guaranteed. Their values change frequently and past performance may not be repeated. The MD Family of Funds is managed by MD Financial Management Inc., a CMA company.
BlackRock is a registered trademark of BlackRock, Inc. © 2017 BlackRock, Inc. All Rights Reserved.
SOURCE MD Financial Management
Media contact: Katie O'Dell, Communications Manager, [email protected], 647 472-5857
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