What is the difference between an investment advisor and a private investment counselor?

An investment counselor is a financial advisor that provides advice to both public and private sectors, while an investment adviser only offers individualized guidance for investments on behalf of their clients. Investment advisors are often confused with investment counselors.

What is MD financial?

MD Financial Management is the only financial services company dedicated to serving physicians in Canada, from medical school right through to retirement . It has the resources and reach of Scotiabank in delivering banking and investment solutions to over 37,000 physician households in Canada.

Do investment advisors make money?

Advisors also steer their clients toward certain investments and may execute trades in the financial markets by proxy for their clients. Advisors who are also brokers get paid commissions by a mutual fund in exchange for getting their clients to purchase the funds .

Is an investment advisor the same as a CFP?

Whereas financial planners focus on retirement planning, estate planning and more, investment advisors are focused on helping you invest . Whether you're investing in mutual funds or looking to transform your wealth with a financial plan, you may want to consider working with a financial advisor.

What is the MD level in finance?

Managing directors (MDs) are at the top of the investment banking organizational hierarchy . MDs are responsible for relationship-building with clients and revenue generation for the firm. Hence, investment banking is frequently considered a relationship-oriented, “sales-like” business.

What does MD title mean finance?

Managing directors are at the highest levels in the corporate structure of an investment bank except for the top executive positions, such as CFO, COO, and CEO. Managing directors are typically the heads of the various divisions of a group.

What is the role of MD in finance?

The Managing Director of Finance and Administration will have overall financial management responsibility including the review and approval of monthly, quarterly, and annual financial reporting materials and metrics for the ED and board of directors.

What is the difference between advisor and counselor?

A counselor is a faculty member as well as a master's degree-level professional trained in counseling. Counselors also work with faculty and staff as consultants and trainers. An academic advisor is a professional staff or faculty member trained to assist students with academic planning.

What is a private investment advisor?

Typically an investment advisor develops an investment portfolio that is well-diversified and lower-risk, including assets such as stocks, bonds and funds as well as alternative investments such as real estate and possibly private equity.

Is an investment consultant the same as a financial advisor?

Investment advisers are not the same as financial advisors and should not be confused. The term “financial advisor” is a generic term that usually refers to a registered financial professional (or, to use the technical term, a registered representative).

What is an investment counsel?

Investment Counsel means a person, firm or corporation to be appointed by the Trustees, to act in the capacity of financial adviser regarding the investment and management of the assets of the Fund .

MD Private Investment Counsel (MDPIC) | MD Financial Management (2024)

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Discretionary investment management—worry-free investing

MD Private Investment Counsel

As the size and complexity of your investment portfolio increase, so do the amount of time and expertise required to manage it. Why not delegate the day-to-day responsibilities and decision-making to someone you trust?

MD Private Investment Counsel (MDPIC) provides discretionary investment management and personalized expertise through a dedicated MDPIC Portfolio Manager and MD Advisor. *

At MDPIC, we also want to provide flexibility and convenience, while allowing you to take advantage of compelling market opportunities. This includes access to alternative asset classes, segregated investment portfolios and U.S. dollar accounts to help you manage both your U.S. and Canadian financial assets.

View MDPIM Pools regulatory documents

View MDPIC – Regulatory Information

The benefits when you choose MDPIC

A dedicated portfolio manager

A highly qualified portfolio manager will collaborate with your MD Advisor to make your investments an integral part of your financial plan.

Worry-free investing

With the complexity of your portfolio, why not delegate the decision-making to an MDPIC Portfolio Manager — and free up your time to pursue personal and professional goals.

Alternative investment options

With MDPIC, you’ll have exclusive access to specialized investment solutions and asset classes.

At MDPIC, we have the insight to understand your individual circ*mstances. And we have the expertise to execute a personalized portfolio strategy, using world-class investment research and risk-management techniques.

Ongoing, personalized service

Investment policy statement
Custom asset allocation
Monitoring your portfolio: we continually measure progress toward your goals.
Regular communication

Expert portfolio management

20 asset management firms — 20+ countries— 400+ investment professionals

MD oversight
Risk management
Customized strategies

Dynamic portfolio adjustments

MD Global Tactical Opportunities Pool provides:

Flexible adjustments
Tactical trading activity
A wider investment universe

Frequently asked questions

What is MD Private Investment Counsel?

MD Private Investment Counsel (MDPIC) is the discretionary investment management arm of MD Financial Management. With discretionary investment management, you delegate your MDPIC Portfolio Manager to make investment decisions on your behalf. MDPIC provides a highly structured, personalized approach to managing money for high-net-worth individuals.

What is the minimum investment for MDPIC?

The minimum investment is $750,000.

However, you can access MDPIC through MD Apertura™ starting at $200,000.* MD Apertura, MD’s virtual service channel, is a web-based video conference tool that provides convenient access to MD advisory services and enables clients to have meetings with their Portfolio Manager in collaboration with their MD Advisor.

*The minimum requirement to establish a discretionary relationship is $200,000 household investable assets placed with MDPIC. Clients are eligible to transition to in-person servicing once they reach the $750,000 account minimum requirement.

How are investment decisions made on MDPIC accounts?

Your MDPIC Portfolio Manager will work with you to design a portfolio that suits your personal investment objectives and risk tolerance level. Each of the investment pools in your account is managed by leading asset managers from around the world, with the goal of increasing returns relative to the market, while reducing overall risk.

How do you calculate the rate of return on an MDPIC investment portfolio?

MDPIC shows your personal rate of return (also known as money-weighted rate of return). This performance calculation is a representation of how your investment has actually performed, rather than the return on the investment itself. Any deposits or withdrawals you made during the period are included in the calculation.

How often do you rebalance my portfolio?

Your MDPIC account(s) is monitored regularly to ensure it remains in line with your personal investment strategy. Should your account drift from its investment strategy due to market fluctuations or account transactions, it will be automatically rebalanced to your original asset allocation.

Through the MDPIM Global Tactical Opportunities (GTO) Pool, MD Financial Management makes ongoing adjustments to your portfolios based on anticipated changes in the market. At no additional charge to you, the GTO Pool adjusts your portfolios to take advantage of market opportunities, in anticipation of market risks, or both. We believe the tactical portfolio adjustments made through GTO Pool may help to improve your investment performance.

How are fees charged on MDPIC accounts?

You are charged a percentage of assets under management based on your MDPIC portfolio balance. Fees on funds held in non-registered accounts are eligible for a tax deduction.

Talk to an MD Advisor

If you would like more information about an MDPIC, please contact your MDAdvisor or call 1 800 267-2332.

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