Reserve Fund Investing
Even among condos with Multi-million dollar budgets, addressing investment interest often fall off the agenda. Many Condominiums deposit their reserve funds in a bank account earning very little interest. Having a professional financial advisor actively involved with your account, can help produce a material benefit.
Guaranteed returns (GIC's insured by CDIC) may enable you to slow the increase in condo fees, and a comprehensive investment plan ensures that investment decisions are tailored for your corporation’s unique cash flow situation.
As a board, you are always looking for ways to save money and enhance the services you offer. We work with the board to improve the returns that you are currently experiencing, while staying safely within the provincial guidelines.
The opinions expressed are those of the author and may not necessarily reflect those of Manulife Securities Incorporated