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What are the advantages of Managed Discretionary Account (MDA) structure through which you offer your service?
QuietGrowth provides its service through the Managed Discretionary Account (MDA) structure to enable clients to delegate the investment management and trading discretion for securities to QuietGrowth. This means QuietGrowth will invest in financial products on your behalf without prior reference to you for each transaction (such as buy trade and sell trade).
Another important advantage of investing through an MDA is that it allows us to hold your securities under your own unique Holder Identification Number (HIN). A new HIN under your name is created for you at the time of account creation. Because your securities are held in the 'individual HIN' structure, you are the legal owner as well as the beneficial owner of the security holdings.
Refer to our MDA Structure page for more information.