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MAM Partnership

Also known as: Multi-Account Manager Partnership, MAM Account, Multi-Account Manager

What is MAM Partnership?

A MAM (Multi-Account Manager) Partnership is an arrangement in which an experienced trader — the money manager — trades many individual client accounts at once from a single master interface, while the broker supplies the allocation technology and the Introducing Broker who sourced the clients earns volume rebates and often a share of fees.

The defining feature of a MAM is that client funds stay in each client's own segregated account, in their own name. The manager places one block trade from the master, and a MAM plugin allocates it across every connected client account by a chosen method — by equity, by balance, or by a fixed lot multiplier — so each account takes a slice proportional to its size or setting.

Key takeaways
  • MAM keeps client funds segregated in their own names — unlike a pooled PAMM.
  • One master trade is allocated across many accounts by equity, balance, or lot multiplier.
  • IBs can stack per-lot rebates on top of a share of the manager's fees.
  • Ideal for high-net-worth investors who want management plus transparency.
  • Only promote managers who are properly authorized in the client's jurisdiction.

This structure lets a manager run, say, a $500,000 aggregate pool spread across 25 clients as if it were one book, while each client keeps visibility, segregation, and the ability to adjust their own risk or withdraw. The manager charges performance and/or management fees; the referring IB is paid a per-lot rebate on the volume and, by agreement, a cut of the manager's fees.

For a partner, the MAM is the vehicle for onboarding investors who want professional management without surrendering ownership of their capital. Unlike a PAMM — where funds are pooled into one account — a MAM keeps accounts individual and supports more complex allocation, which appeals to higher-net-worth clients who value transparency and control.

How it works

The broker installs a MAM plugin (a master-terminal add-on for MT4 or MT5) and links each participating client's live account to the manager's master account. The clients sign a limited power of attorney authorizing trading — but not withdrawal — so the manager can trade on their behalf while ownership stays with the client.

When the manager executes a trade from the master, the plugin fans it out to every connected account using the configured allocation method. Equity allocation gives each account a share proportional to its equity; balance allocation uses balance; a lot-multiplier method lets specific accounts take larger or smaller size than a strict proportional split — useful for tailoring risk per client.

Fees flow from the manager's terms: a management fee on assets under management and/or a performance fee on profits above a high-water mark, typically settled monthly. The IB earns a rebate on every allocated lot and, where the agreement allows, a negotiated percentage of the manager's fees — blending volume income with fee income.

  1. Recruit and vet a money manager

    Source a manager with a verified, risk-disclosed track record and confirm they are appropriately authorized in the target jurisdiction.

  2. Onboard investors under your link

    Introduce clients who open individual accounts under your IB link and sign a trading-only limited power of attorney.

  3. Connect accounts via the MAM plugin

    The broker links each client account to the master and sets the allocation method (equity, balance, or lot multiplier).

  4. Manager trades the aggregate book

    One master trade is allocated proportionally across all connected client accounts in real time.

  5. Earn rebates plus a fee split

    You collect a per-lot rebate on allocated volume and, by agreement, a percentage of the manager's management/performance fees.

Why it matters for partnership: MAMs let IBs onboard high-net-worth investors who want professional management but keep funds in their own names. With flexible allocation (like lot multipliers) and segregated accounts, IBs can earn both per-lot rebates and a split of the manager's management and performance fees.

Formula
Allocated Volume (per account) = Master Trade Volume × (Account Equity ÷ Total Pool Equity)
Real World Example

An IB introduces 10 investors to a vetted money manager on a broker such as FXOpen or Tickmill. The broker links the accounts via a MAM plugin into a $100,000 aggregate book. The manager trades the pool; the IB earns a $3 per-lot rebate on all allocated volume plus a negotiated 20% cut of the manager's performance fees — while each investor keeps their funds segregated and can disconnect at will.

MAM vs. PAMM vs. Copy Trading
Feature MAM PAMM Copy Trading
Fund structure Individual segregated accounts Pooled into one account Individual accounts
Allocation Equity / balance / lot multiplier By share of pool Proportional per-trade copy
Client control High — own account, own risk Low — locked to pool cycle Medium — set multiplier / stop
Typical client High-net-worth investor Passive pooled investor Retail beginner

Pro Tip

MAM partnerships work best with clients who value transparency and want the option to adjust their own risk — lead with the fact that accounts stay segregated and individually visible, which reassures higher-net-worth investors.

Common Pitfalls

Confusing lot allocation with equity allocation spreads risk disproportionately across client accounts, and promoting unregulated MAM managers in strict jurisdictions exposes both you and your clients to enforcement and losses.

FAQ

Can a client withdraw funds from a MAM account anytime?

Generally yes — unlike a traditional hedge fund, MAM clients keep their funds in their own segregated accounts and can usually disconnect from the manager or withdraw at any time, subject to open positions and broker terms.

What is the difference between a MAM and a PAMM?

A MAM allocates one master trade across individual segregated accounts with flexible methods; a PAMM pools all client capital into a single account and splits results by each investor's share of the pool.

Does the manager control my money in a MAM?

The manager can trade your account under a limited power of attorney but cannot withdraw your funds — ownership and withdrawal rights stay with you.

How does an IB get paid on a MAM partnership?

Typically through a per-lot rebate on all allocated trading volume, and often an additional negotiated share of the manager's management or performance fees.

Can I promise investors a return from a MAM manager?

No. Guaranteeing returns is a compliance breach; present the manager's verified, risk-disclosed track record and make clear that past performance does not indicate future results.

Which allocation method is safest for mixed account sizes?

Equity or balance allocation scales risk proportionally to each account, which is generally safer for mixed sizes than a flat lot multiplier that can overweight smaller accounts.

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