Form ADV 2023

6470 Seagull Drive, #307

Bradenton, FL 34210

(941) 209-8766

This Brochure provides information about the qualifications and business practices of MD

Investment Advisors. If you have any questions about the contents of this Brochure, please

contact us (941) 209-8766 or by email at: mdoyle@mdinvestmentadvisors.com .

 

The information in this Brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. MD Investment Advisors is a registered investment adviser. Registration of an Investment Adviser does not imply any level of skill or training. The oral and written communications of an Adviser provide you with information about which you determine to hire or retain an Adviser.

Additional information about MD Investment Advisors also is available on the SEC's website at www.adviserinfo.sec.gov .

Currently, our Brochure may be accessed on our website: www.mdinvestmentadvisors.com.

Additionally, paper copies may be requested by contacting Matthew Doyle, President of MD Investment Advisors at (941) 209-8766 or by email at: mdoyle@mdinvestmentadvisors.com.

Material changes in this brochure from the last annual updating amendment of MD Investment Advisors on March 31, 2022, include the Total Assets Under Management decreased from $34,316,753, to $30,967,652.

Material changes relate to MD Investment Advisors' policies, practices, or conflicts of interests only.

-ADVISORY BUSINESS

Matthew Doyle, principal owner of MD Investment Advisors, provides investment supervisory services. Investment advice is furnished through consultations, i.e., one on one meeting with the customer, both scheduled and/or unscheduled. During meetings client needs will be determined and a particular investment style can be customized. Any client may impose restrictions on investing in certain types of investments.

MD Investment Advisors became licensed as an investment adviser by the state of Florida in December of 1999. Matthew Doyle is President of the firm. He has over 20 years in the business and a Series 24 Branch Manager. As a Series Seven Registered Representative, Matthew Doyle has sold stocks, bonds, mutual funds, options, and other various financial products to customers, since 1983.

Matthew Doyle, MD Investment Advisors, manages customer accounts and determines the investments suited per account. Various types of investment will include but are not limited to the following:

 

1) exchange-listed securities

2) securities traded over the counter

3) variable annuities

A. corporate debt securities (other than commercial paper)

B. municipal securities

C. investment company securities:

1) exchange traded funds

2) mutual fund shares

D. United States government securities

E. options contracts on:

1) exchange traded and over the counter securities

 

MD Investment Advisors uses computer-generated charts, graphs, or other formulas, such as price to earnings ratios to help determine which investments are best at a given time.

 

Based on the account values listed on customer statements as of March 2023, MD Investment Advisors manages $30,967,652 of invested assets, of which $19,537,652 is managed on a discretionary basis, and the remaining $11,430,000 is managed on a non-discretionary basis. 

 

FEES AND COMPENSATION

Fee Schedule

The following are the fees charged by MD Investment Advisors for services provided:                                                                                          

Total Assets Under Management

Annual Fee

$1 - $100,000

2.25%

$100,001 - $200,000

2.00%

$200,001 - $300,000

1.75%

$300,001 - $400,000

1.50%

$400,001 - $500,000

1.25%

Above $500,000

1.00%

 

 

These fees are negotiable. Fees are paid monthly or quarterly in arrears and clients may terminate their contracts with thirty days' written notice. Because fees are charged in arrears, no refund policy is necessary. Clients may terminate their accounts without penalty within 5 business days of signing the advisory contract.

 

 

Advisory fees are withdrawn directly from the client's accounts with client written authorization. Each time a fee is deducted Advisor will send the qualified custodian notice of the amount of the fee to be deducted and will also send the client an invoice itemizing the fee including the formula used to calculate the fee, the amount of assets under management upon which the fee is based, and the period covered by the fee. Fees are based on the assets under management on the last day of the previous month.

 

Clients are responsible for the payment of all third-party fees (i.e., custodian fees, commissions, brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and distinct from the fees and expenses charged by MD. Please see Item 12 of this brochure regarding broker-dealer/custodian.

 

Clients have the option to purchase products that the advisor recommends through other broker or agents that are not affiliated with MD.

 

PERFORMANCE-BASED FEES AND SIDE-BY-SIDE MANAGEMENT

MD Investment Advisors does not charge any performance-based fees (fees based on a share of capital gains on or capital appreciation of the assets of a client).

 

TYPES OF CLIENTS

MD Investment Advisors provides portfolio management services to individuals, trusts and corporate or business pension plans.

 

METHODS OF ANALYSIS, INVESTMENT STRATEGIES, AND RISK OF LOSS

The main sources of information utilized by Matthew Doyle, MD Investment Advisors include:

 

  • Financial newspapers and magazines
  • Inspections of corporate activities
  • Research materials prepared by others
  • Corporate rating services
  • Annual reports, prospectuses, filings with the Securities and Exchange Commission
  • Company press releases

 

The investment strategies used by Matthew Doyle, MD Investment Advisors, to implement any investment advice given to clients include:

  • Long term purchases (securities held at least a year)
  • Exchange Traded Funds (ETF's)
  • Covered call writing
  • Placing loss limits on orders
  • Buying puts on securities held

 

These strategies are used to reduce risk. Exchange Traded Funds take advantage of sector investing as opposed to putting all investor money in just one company. Covered call writing reduces customer cost basis thus reducing investment exposure to loss.

Placing limits on loss helps customers get out of a rapidly declining market. Buying put options on underlying securities insures customers against loss in those securities.

Certain investment strategies such as variable annuities, option contracts, and exchange traded funds involve risk.

MD Investment Advisors provides investment supervisory services by informing customers of how to invest and what to invest in.

The advisory also furnishes investment advice through consultations not included above. This is done through one-on-one meetings scheduled or unscheduled.

MD Investment Advisors may issue charts, graphs, formulas, or other devices the client may use to evaluate securities.

Clients of MD Investment Advisors investing in securities are informed as to the risk of loss they should be prepared to bear.

 

DISCIPLINARY INFORMATION

Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of MD Investment Advisors, or the integrity of Matthew Doyle's management. Matthew Doyle, MD Investment Advisors has no information applicable to this Item.

 

OTHER FINANCIAL INDUSTRY ACTIVITIES AND AFFILIATIONS

Matthew Doyle and Randall McDole are both insurance licensed. These activities generate commissions which may create conflicts from this activity. Matthew Doyle provides tax preparation services both for individuals and clients of MD Investment Advisors.

 

CODE OF ETHICS

MD Investment Advisors has adopted a Code of Ethics for all supervised persons of the firm describing its high standard of business conduct, and fiduciary duty to its clients. The Code of Ethics includes provisions relating to the confidentiality of client information, a prohibition on insider trading, a prohibition of rumor mongering, restrictions on the acceptance of significant gifts and the reporting of certain gifts and business entertainment items, and personal securities trading procedures, among other things. All supervised persons at MD Investment Advisors must acknowledge the terms of the Code of Ethics annually, or as amended.

MD Investment Advisors as investment adviser anticipates that, in appropriate circumstances, consistent with clients' investment objectives, it will cause accounts over which the adviser has management authority to effect, and will recommend to investment advisory clients or prospective clients, the purchase or sale of securities in which the adviser, its affiliates and/or clients, directly or indirectly, have a position of interest. MD Investment Advisors employees and persons associated with the adviser are required to follow the adviser's Code of Ethics. Subject to satisfying this policy and applicable laws, officers, directors and employees of MD Investment Advisors and its affiliates may trade for their own accounts in securities which are recommended to and/or purchased for the adviser's clients. The Code of Ethics is designed to assure that the personal securities transactions, activities and interests of the employees of MD Investment Advisors will not interfere with (i) making decisions in the best interest of advisory clients and (ii) implementing such decisions while, at the same time, allowing employees to invest for their own accounts. Under the Code certain classes of securities have been designated as exempt transactions, based upon a determination that these would materially not interfere with the best interest of advisers clients. In addition, the Code requires pre-clearance of many transactions, and restricts trading in close proximity to client trading activity. Nonetheless, because the Code of Ethics in some circumstances would permit employees to invest in the same securities as clients, there is a possibility that employees might benefit from market activity by a client in a security held by an employee. Employee trading is continually monitored under the Code of Ethics, and to reasonably prevent conflicts of interest between MD Investment Advisors and its clients.

MD Investment Advisors clients or prospective clients may view the firm's Code of Ethics on www.mdinvestmentadvisors.com or request a copy by contacting Matthew Doyle.

It is MD Investment Advisors policy that the firm will not affect any principal or agency cross securities transactions for client accounts. The adviser will also not cross trades between client accounts. Principal transactions are generally defined as transactions where an adviser, acting as principal for its own account or the account of an affiliated broker-dealer, buys from or sells any security to any advisory client. A principal transaction may also be deemed to have occurred if a security is crossed between an affiliated hedge fund and another client account. An agency cross transaction is defined as a transaction where a person acts as an investment adviser in relation to a transaction in which the investment adviser, or any person controlled by or under common control with the investment adviser, acts as broker for both the advisory client and for another person on the other side of the transaction. Agency cross transactions may arise where an adviser is dually registered as a broker-dealer or has an affiliated broker-dealer.

BROKERAGE PRACTICES

In determining and selecting broker dealers to be used, price of transactions and the efficiency and speed of executions are considered. Availability of research and the professionalism of staff also are important. MD Investment Advisors does not receive research or soft-dollar benefits in connection with client securities transactions, does not accept any client referrals from a broker/dealer, and does not permit directed brokerage instructions from its clients.

MD Investment Advisors does not aggregate or bunch the securities to be purchased or sold for multiple clients, which may result in less favorable prices, particularly for illiquid securities or during volatile market conditions.

 

REVIEW OF ACCOUNTS

Matthew Doyle is the reviewer of all accounts. He is the President of MD Investment Advisors. Factors that trigger a review are changes in financial conditions, changes in age and changes in financial markets. Different levels of reviews consist of routine reviews done on a monthly basis for information purposes or initiated reviews to respond to changes in customer needs. Reports are sent each month. They are furnished by the broker dealers who are the custodians of the accounts. They show the value of the accounts as well as the nature of the investments. They report the investments made each month and the percent gain or loss of those investments. 

 

CLIENT REFERRALS AND OTHER COMPENSATION

MD Investment Advisors has no referral agreement in force currently. He currently does not receive or pay compensation for referrals. 

 

CUSTODY

MD Investment Advisors has custody of client accounts due to its direct fee deduction from client custodial accounts. Advisory clients will receive monthly statements from its custodian and these statements should be carefully reviewed for accuracy.

 

When selecting securities and determining amounts, MD Investment Advisors observes the investment policies, limitations and restrictions of the clients for which it advises. For registered investment companies, MD Investment Advisors authority to trade securities may also be limited by certain federal securities and tax laws that require diversification of investments and favor the holding of investments once made. MD Investment Advisors provides discretionary and non-discretionary investment advisory services to clients. The Investment Advisory Contract established with each client outlines the discretionary authority for trading. Where investment discretion has been granted, MD Investment Advisors generally manages the client's account and makes investment decisions without consultation with the client as to what securities to buy or sell, when the securities are to be bought or sold for the account, the total amount of the securities to be bought/sold, or the price per share. [In some instances, MD Investment Advisors' discretionary authority in making these determinations may be limited by conditions imposed by a client (in investment guidelines or objectives, or client instructions otherwise provided to MD Investment Advisors).

Investment guidelines and restrictions must be provided to MD Investment Advisors in writing.

 

As a matter of firm policy and practice, the adviser does not have any authority to and does not vote proxies on behalf of advisory clients. Clients retain the responsibility for receiving and voting proxies for any and all securities maintained in client portfolios. MD Investment Advisors may provide advice to clients regarding the clients' voting of proxies.

 

Registered investment advisers are required in this Item to provide you with certain financial information or disclosures about adviser's financial condition. MD Investment Advisors has no financial commitment that impairs its ability to meet contractual and fiduciary commitments to clients and has not been the subject of a bankruptcy proceeding. 

 

This disclosure is required by Florida/Maryland securities authorities and is provided for your use in evaluating this investment advisor representative's suitability.

 

  • A. Matthew Alton Doyle has NOT been involved in any of the events listed below.

1. An award or otherwise being found liable in an arbitration claim alleging damages in excess of $2,500, involving any of the following: 

a) an investment or an investment-related business or activity; 

b) fraud, false statement(s), or omissions; 

c) theft, embezzlement, or other wrongful taking of property; 

d) bribery, forgery, counterfeiting, or extortion; or 

e) dishonest, unfair, or unethical practices. 

2. An award or otherwise being found liable in a civil, self-regulatory organization, or administrative proceeding involving any of the following: 

a) an investment or an investment-related business or activity; 

b) fraud, false statement(s), or omissions; 

c) theft, embezzlement, or other wrongful taking of property; 

d) bribery, forgery, counterfeiting, or extortion; or 

e) dishonest, unfair, or unethical practices. 

  • B. Matthew Alton Doyle has NOT been the subject of a bankruptcy petition at any time.