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Is my QuietGrowth account a managed account or a managed fund?

Your QuietGrowth account is a Managed Discretionary Account (MDA). So, it is also a managed account because an MDA is a subset of managed accounts. Your QuietGrowth account is not a managed fund.

We believe the MDA structure has key advantages over the managed fund structure. For example, in an MDA with 'individual HIN', you will have beneficial ownership of the securities in the portfolio instead of owning units in the managed fund.

Also read the answers to the related questions:

• Where are my securities held?
• What are the advantages of Managed Discretionary Account (MDA) structure through which you offer your service?
• Why QuietGrowth has adopted the MDA structure and not the SMA structure?
• Are the QuietGrowth portfolios available anywhere else such as WRAP or SMA platforms?