MD Financial Management is a wealth management firm owned by the Canadian Medical Association. It has announced changes with respect to two of its equity mandates that have already been approved.
Both the MD International Growth Fund and MDPIM International Equity Pool will have a revised portfolio advisors structure and fall under the responsibilities of Mawer Investment Management Limited and Walter Scott & Partners Limited.
"To help ensure our clients' long-term financial well-being, we continually look for ways to enhance risk-adjusted returns through full market cycles", said William R. Horton, Jr., Chief Investment Officer at MD. "Using MD's patent-pending fund management process, we will build our international growth mandates using a combination of advice from Walter Scott & Partners and Mawer.”
MD has worked with Walter Scott & Partners for more than 10 years with MD reporting positive performance on those securities selected by the firm.
“Using both as advisors allows us to manage a portfolio of securities that will offer attractive risk and return characteristics in most market conditions. Our combined solution is designed to achieve better results than using either advisor alone."
MD currently has more than $40 billion in assets and caters to the financial needs of Canadian physicians.