In this article for Money Management magazine, Lifespan CEO, Eugene Ardino, outlines why MDAs should be on every financial planner’s radar.
There are a number of advantages to the client of maintaining legal ownership of the investments in their portfolio. Obviously, all the income and capital gains generated by the portfolio are retained. But also from a tax perspective, the client benefits from tax entitlements such as franking credits and is not affected by the unrealised gains or losses of other investors as they would be in a managed fund.
Click here to read the original article in Money Management.