The Problem
As board members, and fiduciaries to your HOA, you are faced with a challenge. You have limited time and resources, yet you must meet your obligations to maximize your reserve fund assets or face the ugly truth of raising HOA fees. With legal restraints, busy schedules and lack of expertise is there anything you can do?
The Solution...
Shift the investment responsibility to experts who have a fiduciary duty to the Board
Find investments that are FDIC insured and / or Government Backed securities
Hire and advisor who is fee-based not commission-based
Hire an advisor to help plan your investment strategy to meet your reserve study
