Condos



The Woodgate Financial Partners Reserve Fund Program is a solution developed to help condo boards and managers properly address the demands and requirements of running their Condo Corporation's reserve funds.

Condos


The Problem Facing Condo Boards
You volunteer your time to help better your community. This can be a time consuming proposition.  It also puts the burden of responsible management of your condo corporation's reserve fund on your shoulders.
 
How do you ensure that a good job is being done?

The Problem Facing Condo Managers
Condo Boards turn to your management services and advice. However, when it comes to managing a condo's reserve fund what do you do?
How do you ensure that you are recommending an appropriate investment manager that will meet your clients’ needs?

The Result
We have encountered several reserve funds with:

  • Low interest rate bank accounts
  • Little to no attention from the manager/broker
  • Unqualified Investments
  • Hidden fees or commissions

Our Survey
We surveyed several condo managers and board members to ask them what they were looking for in a reserve fund manager.  The following were the most common results:

  • Does it all for me
  • Competitive interest rates
  • Understands the needs of my condo
  • Understands the investment limitations of the Condo Act
  • I know what I am paying
  • Is available to answer questions of the residents, so that I don’t have to

The Solution:
The Woodgate Financial Partners Reserve Fund Management Program
The Woodgate Financial Partners Condominium Reserve Fund Management program is a no hassle comprehensive solution to your reserve fund needs. In essence:
 
We take the burden off your hands
 
Program Features:

  • Reserve Fund Planning
    We confirm your condos expense schedule and develop an investment plan that matches its timeline. 
  • High Interest Savings Accounts
    Short term funds are invested in a competitive and easily accessible high interest savings account 
  • Professionally Managed Bond Portfolios
    Long term funds are invested in a portfolio of federal and provincial government bonds and run by an accredited manager
  • On Site Accountability
    We will make ourselves available for condo meetings in order to answer questions from you and the residents
  • Transparency
    All fees are fully disclosed, transparent and competitive
  • Expertise
    Have your reserve fund managed by experienced professionals who understand the legislation and obligations of reserve funds
  • Optional Value Added Services For Your Residents
    Financial planning, investment, insurance and mortgage brokerage seminars and services.

Choose a Specialist
We understand the way reserve funds work. Their regulations, limitations and timelines. Why work with someone else, when you can work with someone who understands your needs?

Disclaimer: The information contained herein is for ON, NS, NB residents only and does not constitute an offer to sell or solicit sales in any other Canadian or foreign jurisdictions.