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MD Private Investment Counsel

Expert portfolio management
Convenience
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MD Private Investment Counsel

As the size and complexity of your investment portfolio increase, so does the amount of time and expertise required to manage it. To meet your evolving needs, or if you’re simply seeking to delegate the day-to-day responsibilities and decision-making related to your investment portfolio, MD Private Investment Counsel (MDPIC) provides discretionary investment management and personalized expertise through a dedicated MDPIC Portfolio Manager and MD Advisor.

MDPIC is the largest non-bank-owned private investment counsel company in Canada,1 managing more than $20 billion in assets on behalf of our clients.2 We carefully structure an investment portfolio to meet your unique needs, and manage it with discipline.

View MDPIM Pools regulatory documents


Choose MDPIC if you want:

To work with a dedicated Portfolio Manager


Benefit from an expert portfolio manager working in collaboration with your MD Advisor to integrate your portfolio within your overall financial plan.

Help managing your portfolio due to its complexity


Delegate the investment decision making to a qualified 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.

Discretionary investment management

Your hard work and success have led you here. And now you can delegate the ongoing management of your investment portfolio to MDPIC, where you are supported by a world-class investment team with one goal: to help you preserve and grow your investment portfolio.

At the core of MDPIC is a proven, disciplined investment philosophy executed by a dedicated MDPIC Portfolio Manager and built on the principles of strong, long-term performance and prudent risk management:

  • Asset allocation effectively diversifies portfolios.
  • Leading asset managers add value.
  • We provide a stronger portfolio, at a lower cost.
  • Successful investing is a long-term process.

A process of discovery

MDPIC will unite all aspects of your financial plan. We have the insight to understand your individual circumstances and the expertise to execute a personalized portfolio strategy using world-class investment research and risk management techniques.

Our approach to discretionary investment management is based on a proven and thorough process:

  • Your dedicated Portfolio Manager develops your Investment Policy Statement based on a detailed understanding of your goals, as well as your unique circumstances.
  • We create a portfolio strategy specifically for you.
  • Your portfolio strategy is implemented by several teams of specialists at MDPIC.
  • Your Portfolio Manager continually measures your progress against your goals and regularly keeps you informed.
  • Changes may be made to your Investment Policy Statement as your goals evolve and personal circumstances change.

With MDPIC, you have a dedicated MDPIC Portfolio Manager and greater access to the teams managing your investments, so you can expect a high level of personalized service, advice and communication that is truly unparalleled for physicians.

Working with the best in the world

As your investment manager, we use MD Precision™—our patent-pending fund management process—to provide you with the strongest risk-adjusted portfolio possible. MD Precision combines our decades of experience with the expertise of specialist asset managers. Through our combined skills, we can achieve the success that comes from having the right securities, at the right weight, at the right time.

Benefiting from a comprehensive financial plan

Investment management is only one part of your MD experience, as a truly successful portfolio works in tandem with your entire financial plan. Your MD Advisor provides individualized advice and value-added services to keep your plan on track to meet your long-term financial goals.

MDPIC is part of a collaborative environment known as MD ExO®—your Expert Office. MD ExO is a collaboration among financial advisors and specialists, offering Financial Planning, Investments, Insurance, Estate and Trust planning, Banking and Borrowing access, and Medical Practice Incorporation guidance. This team is committed to the integration of your investment portfolio with your overall financial plan.

An MDPIC account offers three account options to suit your investment needs, including:

  • investment accounts
  • corporate accounts
  • registered retirement savings plans
  • registered retirement income funds
  • private trust accounts

Find out more about your investment account options.


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 will 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 MD Advisor or call 1 877 431-0330.

1 Based on assets under management and administration among the top five companies. Source: Investor Economics, The Fee-Based Report, Winter 2017.

2 As at June 30, 2016.

MD ExO® and MD Precision™ are trademarks of the Canadian Medical Association, used under licence.