From 1 July 2026, Mason Stevens will formalise an MDA Provider Fee of up to 0.10% p.a. across Managed Portfolio mandates on the platform. This is not a separate charge to the client – the fee is embedded within the Investment Management fee disclosed in each Investment Mandate, with the specific rate set per mandate.
As MDA Provider, Mason Stevens acts in a capacity role that is distinct from being the platform or custodian. Mason Stevens carries the discretion to invest and manage client funds in accordance with each Investment Mandate, and operates the governance framework that sits around every Managed Portfolio on platform, including:
- Initial and ongoing Investment Manager due diligence
- Performance and risk monitoring, investment manager due diligence cycles, and oversight by our Investment Governance Committee
- Product governance overlay to regulatory expectations.
The client will continue to see a single Investment Management fee for each Managed Portfolio where this is applicable. There is no new line item on client statements. Each Investment Mandate will disclose the total Investment Management fee, which from 1 July may include the MDA Provider Fee component.
The rate of the MDA Provider Fee component is capped at 0.10% p.a. but varies by mandate depending on complexity and instrument coverage. Existing clients will be notified separately via the material event notice and updated Investment Mandates.