Condominium & Strata
Reserve Fund Investing
We provide comprehensive financial solutions to the Canadian Residential Property,
Commercial Property and Professional Association markets.
We have been the strategic partner of choice in managing Reserve Fund Savings & Investments for more than 17 years, based on our extensive expertise in cash management. We serve Condominium Corporations, Condo/Property/Strata Managers, Residential and Home Owners’ Associations along with numerous Professional Associations and Endowments.
We provide a vast selection of secure and insured Savings options along with Equity and Fixed-Income Investments for long-term capital growth. Our process involves comprehensive financial planning, specifically tailored to this market, to assist Corporate Boards in developing prudent investment plans, while mitigating liquidity and capital risks.
We are the leading experts in Condominium Investing
We provide dedicated full-service brokerage and investment management services to over 80 Property Management companies in Canada. Managing extensive investments for more than 1,600 condominiums & stratas has refined our expertise in this unique market. We recommend quality investment options that can stand the test of time and market conditions, without charging the high fees that are imposed by bank-owned firms and portfolio managers.
Our Customized Planning Process
We gather current financial data and the Reserve Plan Study to complete a comprehensive cash-flow analysis of the condominium corporation over the next 10 years. We develop an investment strategy that accomplishes maximizing the return of the Reserve Fund, while positioned perfectly to connect with each planned project date. We review the Reserve Fund Investment Plan with the Board and Property Manager, and offer comparative options to ensure a best fit. We actively monitor results and events to ensure the plan remains dynamic, and provides the optimal long-term outcome.
Account Management
We regularly monitor account maturities and changes. We provide monthly audit statements to authorized Board Members or Property Managers to ensure clarity and compliance. We actively manage all term maturities, assess ongoing investment strategies and regularly update the Reserve Fund Investment Plan.
We adhere to all legal compliance requirements for Boards, Property Managers and Investment Advisors
Acting as a fiduciary, we ensure all transactions and ongoing management comply with the requirements of the Trustees’ Act and Prudent Investor Rule. Furthermore, we ensure all investment assets are purchased and held according to the guidelines and restrictions under the corresponding provincial Property Regulation.
Compliance - Know your Duties link
In the linked document, we have summarized the compliance requirements for elected Board Members and appointed Condo/Property/Strata Managers. There is a duty to conduct all activities in accordance to their respective provincial regulations as well as legal requirements under the Trustee Act and Prudent Investor Rule. Please note that RECA, RESA and CMRAO expect full compliance, and although they do not actively audit the Trustee Act, they will step in and serve notice if they find a violation or receive a complaint. The legal duty of care is the responsibility of the elected Board and the Property Manager.
Resources
Real Estate Council of Alberta - Alberta Condominium Property Regulation link
Condominium Home Owners' Association of BC - Strata Property Act link
Condominium Authority of Ontario - Governance Guide link
Condominium Authority of Ontario - Reserve Fund Guide link
Deposit Insurance
Investment Savings Accounts, Short-Term Deposits, GICs and Index-Linked GICs are insured under the Canada Deposit Insurance Corporation for up to $100,000 per issuer, and up to $250,000 under the Financial Services Regulatory of Ontario.