The Watershed Group based in Collins Street Melbourne, comprises of two companies + Watershed Dealer Services Pty Ltd - providing traditional Dealer Services on a 'naked pricing' model, and; + Watershed Funds Management Pty Ltd - providing MDA (Managed Discretionary Account) services, constructing IMA (Individually managed Account) portfolios for Financial Planners & Planning Groups In an environment where smaller independent dealer groups are rapidly being absorbed, Watershed presents a non-aligned licensee and portfolio service offering to independently-minded practices striving for excellence and a point of difference in their advice.