Many condominiums simply deposit their reserve funds in a bank account, not realizing that the ‘opportunity cost’ of doing so can mean thousands of dollars of lost income. Having a professional financial advisor actively involved with your account can produce tangible and material benefits, such as:
- Better returns, enabling you to slow the increase in condo fees;
- Ensuring that investment decisions are tailored for your corporation’s unique cash flow situation;
- Accessing Scotia Capital, Canada’s recognized leader in fixed income securities, which will help you attain the most attractive investment opportunities. (In fact, Canada’s bond benchmark is known as the “Scotia Capital Universe Bond Index”);
- Limiting costs, since fees are included in the purchase price for most fixed income investments.
Greg works with your board to improve the returns that are currently being earned on your condominium’s reserve funds, while staying safely within the provincial guidelines regarding investment categories.
If you are a condominium director and you are curious about the potential for your condominium’s reserve fund, please contact us to arrange a meeting.
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