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How to Invest With MD

Introducing Your MD Financial Suite.  New. Enhanced. Evolved.

At MD Financial Management, we know that everyone’s circumstances are different. We feel it is important to provide a range of financial service options, while maintaining the standard of excellent advice and service you’ve come to expect from MD.

Our new, enhanced and evolved investing services are designed to let you manage your finances your way.

At MD, our priority is the financial well-being of Canadian physicians and their families, so our services are priced below industry averages. We also deliver industry-leading value by providing asset managers from among the world’s best, at some of the lowest fees in Canada.1

For those who want to do their own stock investing, without advice:

For those who want automated and low-cost digital advice with access to a team of Advisors:

For those who wish to work directly with an MD Advisor:

Choose the Service That Best Fits Your Needs

MD Direct TradeTM MD ExO® Direct MD PlusTM Account MD Private Investment Counsel
Typical investor mindset Self-Directed Investor Autonomous Investor Advisor-Led Investor
“I want to do my own research and trading.” “I’m comfortable setting up and monitoring my portfolio online through an automated investment service, with access to a team of Advisors.” “I want to work with a dedicated Advisor and be involved in decision-making.” “I want to work with a dedicated Portfolio Manager who makes all of the decisions about my investments.”
Asset Minimum
$500 or as little as $25/month of pre-authorized contributions a
$200,000 for advisory services through videoconference or $750,000 for in-person advisory services
Level of Service
Online trading
Online-guided investing
Comprehensive financial plan * *
Dedicated MD Advisor
MDPIC Portfolio Manager
Investment Options
MD Funds
MD Precision Portfolios™ b
MDPIM Pools C
Third-party mutual funds
Exchange-traded funds
Bonds
GICs
Stocks
Advisory Services
Investing
Financial planning * *
Incorporation planning
Estate and trust ** **
Insurance ** **
Banking

Frequently Asked Questions

Why is MD Financial Management making this change?

At MD Financial Management, we know everyone’s situation is different. It’s important that we provide financial service solutions that allow you to choose the wealth management experience that makes sense for you.

As a result, we now offer several different lower-cost investing platforms that depend on the level of advice and the type of service you want:

  • MD Plus™ account and MD Private Investment Counsel offer support from a dedicated Advisor.
  • MD ExO® Direct offers automated, online advice.
  • MD Direct Trade™ offers direct investment and trading services.

I’m too busy to meet about things like this. Are face-to-face meetings required to make a simple account change?

It isn’t necessary to meet face-to-face to change your account for all our new services; however, meetings can uncover opportunities for saving money, e.g., by pooling your account with other family members (in the case of our new fee-based account, MD Plus™).

For our new investment and trading platform, MD Direct Trade™, you can go online and follow the steps to set up an account. Then, complete the online transfer form. If you need assistance in transferring, you can also call an MD Advisor.

MD ExO® Direct is our new fully online and automated investment service. You can open an MD ExO Direct account online. The MD ExO Direct advisory team is here to support you, from sign-up to portfolio allocation to answering any ongoing questions that may come up. You will have access to the MD ExO advisory team from Monday to Friday, 8 a.m. to 8 p.m. ET. You can give us a call at 1 800 267-2332, send us an email at mdexodirect@md.ca or use our live chat feature on the MD ExO Direct online platform.

You’ve been saying for years that MD Financial Management’s fees are low. Why do you need all these extra services? Don’t they add to the cost?

Not necessarily. MD ExO® Direct and MD Direct Trade™ are lower-cost ways of investing, partly because we have partnered with leading firms in this space instead of creating the technology on our own (which could lead to higher costs). On the advice-led side, fees for MD Plus™ accounts and MD Private Investment Counsel may be lower than what you’re currently paying.

In fact, our fund fees are significantly lower than the industry average.1 MD’s Series F mutual fund fees are 56% lower than the industry average and MD Precision Portfolio™ fees are 39% lower.

That said, we know everyone’s situation is different, and it’s critical that we meet the varying needs of our clients. That is why it is important that we provide financial service solutions that allow you to choose the wealth management experience that makes sense for you based on what you value and your unique circumstances.

I am transferring everything to an MD Direct Trade™ account. Do I still get financial planning?

All physicians have access to one free financial plan during an initial planning meeting with an MD Advisor. Depending on the type of account you have, you have the option for ongoing financial planning for an additional fee.

If 100% of your assets are in MD Direct Trade™, you may no longer have access to financial planning with an MD Advisor. One reason why MD Direct Trade is able to charge lower fees is because the advice component (and the costs associated with it) has been removed from this service. However, if you would like financial planning, you can pay an additional fee for that service.

I don’t want to move my stocks. Why do I have to open an MD Direct Trade™ account? I use MD Financial Management to keep things simple.

Trading and investing via an MD Direct Trade™ account will be a much better experience, and trades will be less expensive than what you currently pay. MD Direct Trade is provided by Qtrade, which is Canada’s top-rated online discount broker. Your MD Advisor can help you open an account so you can trade online.

Talk to an MD Advisor

If you would like more information about these services, please contact your MD Advisor or call 1 877 431-0330.

a You are able to open an account with any dollar amount. However, only when the cash in your account reaches $500 (after your account fees have been charged) will your money be invested. When the cash in your account exceeds $500, additional fund units will be purchased on your behalf (all fund units are purchased in $500 increments).

b MD Precision Portfolios Series F2, MD Money Fund and cash only.

c MDPIC clients have access to three passively managed index strategies.

* For physician clients only. Physicians are entitled to one free financial plan during an initial planning meeting with an MD Advisor. For an additional fee, they can choose to receive ongoing financial planning. Please contact your MD Advisor for more information.

** Conditions may apply.

1 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.

2 Source: www.qtrade.ca/investor/about/media-accolades