Once an MDA Manager is on-boarded and appointed, the Mckay Global Markets team will work closely with them to ensure that all the requirements under the Australian Financial Services Licence conditions are met. This in turn allows the MDA managers to focus on revenue generating activities such as actively managing client portfolios.

The Corporations Act and ASIC require that if you carry on a business in Australia of giving financial advice you must hold and Australian Financial Services Licence (AFSL) with an authorisation to give advice, or be an authorised representative of such a licensee.