Picture your Future. Save for it by earning 1.5% on a 1-year Term Deposit Account! Learn more.


MeManaged is a Discretionary Portfolio Management product. What does this mean?

A Discretionary Portfolio Management Service means that you, as the investor, authorise a portfolio manager to carry out transactions on your behalf. It is important, therefore, that the portfolio manager has a clear understanding of your financial situation, the level of risk you are willing to take and your financial goals when the account is set up. This helps to ensure that decisions taken on your behalf are in line with these objectives. To provide the portfolio manager with this understanding of your financial goals, you will need to complete an online questionnaire before your MeManaged account is opened. More information on MeManaged is also available in Annex 3 of our Investment Services Terms and Conditions and in the Product Sheet available here.

What makes MeManaged different to other Discretionary Portfolio Management products?

MeManaged is different in several ways, making it a distinctive product. The most important difference is accessibility. Discretionary Portfolio Management services are usually available only to high-net-worth individuals, requiring a significant initial investment. By setting the minimum investment at €100, MeDirect has made this service much more accessible to retail investors. Additionally, should investors wish to top up their MeManaged account on a regular basis, the minimum investment required is €100 per month. Alternatively, customers can add lump sums to their MeManaged account at their discretion. The second important difference which makes MeManaged unique in Malta is that the entire process of opening and managing the account happens through the MeDirect website and mobile app, avoiding the inconvenience of having to attend meetings in person.

How do I open a MeManaged account?

Opening a MeManaged account is straightforward. If you are an existing MeDirect customer, login to online banking or the mobile app, click on MeManaged under Investment Accounts and follow the steps set out. If you are new to MeDirect, go to the MeDirect website and click Become a Client. The process of opening a MeManaged account includes an online questionnaire designed to establish your financial goals, risk appetite and sustainability preferences. Once this questionnaire is completed, you will be assigned an investment profile and asked to confirm a MeManaged Discretionary Portfolio Management Service Agreement.  After the documents are signed, you can execute your portfolio with a minimum investment of €100 and the option to set up regular monthly contributions to the investment. The process of opening a MeManaged account, including the completion of the initial questionnaire can be completed in stages with customers able to save their responses and continue at another time at their convenience. Customers are also able to use different devices and switch from the website to the mobile app during the process.

What are the main advantages of a Discretionary Portfolio Management service?

By opting for a Discretionary Portfolio Management service, you are placing your investment decisions in the hands of highly trained investment professionals to manage your investment.  This frees you to focus on the things you do best. The fee structure of Discretionary Portfolio Management services is based on the market value of your portfolio, rather than per transaction. In the case of MeManaged, the quarterly management fee is 1.2% p.a. of the portfolio value.

Is MeDirect the portfolio manager of MeManaged accounts?

While the customer relationship is solely with MeDirect, the bank has partnered with BlackRock which is the world’s largest fund manager. MeDirect’s team of global investment experts maintain ongoing dialogue with fund managers at BlackRock to ensure that customers are receiving the best possible service.

How can a portfolio manager invest on my behalf when he or she also has many other clients?

A Discretionary Portfolio Management service is tailored to your specific financial goals. However, it is not a personalised service. The purpose of understanding your goals and risk appetite when opening the account is to build an investment profile which fits into one of several investment strategies which the fund manager is pursuing. Once you have created your profile, your funds will be allocated to the strategy that best suits your needs, together with the funds of all the other investors whose profile fits into that same strategy.

Can I close or make withdrawals from my MeManaged account?

You can withdraw funds from your MeManaged account at any time through online banking or the mobile app, providing a minimum balance of €100 is maintained. You can also redeem your MeManaged account any time. No additional fees or charges will apply.

How do I invest additional sums into my MeManaged account?

If you already have a MeManaged account and would like to set up a monthly contribution or invest a lump sum, log on to your account via the mobile app or online banking platform. Once you have accessed your portfolio, the options to set up a monthly contribution or deposit a lump sum will be visible next to the total current value of your portfolio. Click on the option you wish to pursue and follow the instructions provided.

How are the management fees for MeManaged paid?

Management fees are due at the end of each quarter (30th March, 30th June, 30th September and 30th December). These fees are automatically deducted from your MeManaged Cash Account which forms part of the MeManaged portfolio. Should this account have insufficient cash, the amount due will be deducted from your Current Account. If there are insufficient funds in the Current Account, we will sell some of the Financial Instruments under Management within your MeManaged portfolio. You can also opt not to have us debiting the Current Account to cover the fees, but instruct us to sell some of the Financial Instruments under Management within your MeManaged portfolio to cover the Management Fees due. This latter option requires a specific request from you which can be affected by clicking on ‘Change Management Fee Payment options’ when viewing your MeManaged portfolio on the mobile app or online banking platform. The process outlined above came into effect on 16 November 2023. If you opened a MeManaged account prior to this date but have not yet updated your Management Fee Options you will, as a default, have your fees settled through the sale of Financial Instruments within your MeManaged portfolio.

Can I amend or cancel my monthly contribution?

Yes, you can increase, decrease or delete the monthly contribution to your MeManaged account at any time. To do this, log on to your account via the mobile app or online banking platform. Once logged on, select ‘Investments’ and then ‘MeManaged’ to access your portfolio. Once you have accessed your portfolio, click on the three dots located to the right of the ‘Add a lump sum’ button which is visible next to the total current value of your portfolio. This will open a menu which gives you the option to either edit or cancel your monthly contribution. Changes requested until the 27th of the month will be implemented during the same month while changes requested after the 27th will be implemented during the following month.


We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.